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20 Aug 20264 filings
Resignation details
- Ashish Kundra, IAS, resigns as Non-Executive Non-Independent Director.
- Effective date: August 20, 2026.
- Reason: due to official engagements.
- No other material reasons disclosed.
- No board or committee memberships affected as per filing.
- No other listed entities disclosed where he holds directorships or committee roles.
- Regulatory/shareholder approval not mentioned or required.
- No consequential changes to board or committee composition disclosed.
Resigning director details
- Name and designation: Ashish Kundra, IAS; Non-Executive Non-Independent Director.
- Effective date: Resignation effective from August 20, 2026.
- Reason: due to official engagements.
- No other material reasons disclosed beyond official engagements.
- Ceased to be a Director; no committee memberships disclosed.
- No other listed entities disclosed for directorships or committee roles.
- No regulatory or shareholder approval mentioned for the resignation to take effect.
- No further changes to board/committee composition disclosed.
Rating action and instruments
- Rating agency: India Ratings and Research.
- Long-Term Issuer rating: IND AA-/Stable.
- Basel III Tier II bonds: IND AA-/Stable.
- Tier II size reduced to INR 25,000 million.
- Outlook: Stable for both ratings.
- Action: Affirmed.
- Announcement date: 20 August 2026.
19 Aug 20261 filing
AGM convening details
- Board approved convening the 88th AGM on Sep 22, 2026 at 11:00 AM at SKICC, Srinagar.
11 Aug 20262 filings
Capital raising
- Board approved raising of equity capital up to INR 1000 crores via QIP, subject to approvals.
Capital raise via QIP
- Board approved raising equity capital up to INR 1000 crores via QIP in one or more tranches.
- Subject to shareholder approvals and applicable regulatory clearances.
- Approval granted in the board meeting held on 11 August 2026.