The Hizbul Mujahideen outfit claimed responsibility for the attack.
Police suspect that Khurshid was an important functionary in the Lashkar-e-Tayiba set up.
Jehangir was assisting Mujib in making CDs and sending them to Hizbul Chief Syed Salahuddin in Pakistan.
The terrorists were nabbed in a joint search operation launched Friday night by the 52 Rashtriya Rifles and Special Operation Group, Baramulla.
A new video of Hizbul Mujahideen has surfaced on social media, showing a group of armed militants greeting and hugging each other, in a reminder of the campaign undertaken by its erstwhile commander Burhan Wani before he was killed in an encounter three months back.
Srinagar witnessed two terror attacks on Monday morning in the very heart of the city; three policemen were killed. The attackers remain missing.
Jammu and Kashmir police on Saturday claimed to have unearthed a module of Hizbul Mujahideen involved in the manufacture of car bombs, with the arrest of four militants belonging to the outfit.
During the searches, a few thousand Pakistani rupees and currencies belonging to the UAE and Saudi Arabia as well as incriminating documents were found
During interrorgation, it was revealed that the 4 terrorists owed allegiance to the Hizbul Mujahideen.
HM area commander Zakir Hussain was captured along with three other ultras from Malad village in Billawar tehsil of the district by the troops after they cordoned off the area and launched an operation, they said.
5 ultras killed, 4 arrested, 60 kg explosives seized in J&K
India on Friday asked Pakistan to deport Dawood as well as Hizbul Mujahideen chief Syed Salahuddin.
The ultra showered bullets on Reyaz Ahmad Shosha, who was under treatment at the hospital after sustaining injuries in a militant attack at Sopore on May 19.
'The last time it tried to push India towards a solution was at Kargil in 1999, when Pakistan's survival itself came into question and an elected prime minister had to beg the US to stop India from inflicting another defeat on the country.'
Two kg of RDX, a timer device, a detonator and a pistol have been seized from Meharajuddin.
Pro-Pakistan militant outfits Lashkar-e-Toiba and Hizbul Mujahideen have borne the brunt losing 24 commanders, including three divisional commanders and 13 district commanders, according to statistics compiled by the army.
An army jawan, identified as Happy Singh of 19 Rashtriya Rifles was killed in the encounter,
Samiullah Sheikh (21) and Ali Mohammed Sheikh (32) were carrying 2 kg of IEDs, Joint Commissioner of Police Karnal Singh said.
'Every way ends on the negotiating tableĀ We welcome and fully support the talks between Government of India and Hurriyat Conference,' Mohammad Akbar Bhat said.
This is the third module of Hizbul Mujahideen outfit to be busted by the police in the valley within a fortnight.
There were no restrictions on the movement or assembly of people anywhere in the Valley.
A Hizbul Mujahideen area commander has been killed while another commander have been arrested along with three other persons in Udhampur and Doda districts of Jammu and Kashmir since Monday night.
Ghaznavi will succeed Burhan Wani, whose death in an encounter last week triggered a wave of violent protests in Jammu and Kashmir.
Masood was the financial chief and senior commander.
The US has sought their immediate extradition.
India, Pakistan exchange lists of wanted persons
Lieutenant G V Gopal Patankar said there had been at least one occasion recently when Pakistani troops were providing cover fire to militants trying to sneak in.
Thirteen people, including six Pakistani intruders and a self-styled company commander of the Hizbul Mujahideen, were killed in separate militancy-related incidents in Jammu and Kashmir, where troops foiled two major infiltration bids along the LoC.
Cases were registered against two bodyguards of outfit commander Syed Salahuddin for carrying and displaying weapons in public.
Bhat was shot at and grieviously injured by militants at around 1030 hours while he was taking a stroll outside his house.
In the Kashmir Valley, we need to begin to make a distinction between an insurgent who fights the security forces and a terrorist who murders unarmed civilians, suggests Colonel Anil A Athale (retd).
A civilian identified as Lal Hussain Gujjar was killed in an exchange of fire between militants. \n
Hizbul Mujahideen Section Commander Liaquat Hussain Bhat alias Minta informed about the consignment during interrogation, the sources added.