Tamilnad Mercantile Bank has fixed June 12, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹12.50 per equity share of ₹10 face value for FY26. The dividend, recommended by the Board of Directors in their meeting held on April 27, 2026, is subject to shareholder approval at the upcoming Annual General Meeting. The bank has specified that dividend income is taxable in the hands of shareholders, and tax will be deducted at source as per the Income Tax Act, 2025. Shareholders not liable to pay income tax must submit Forms 121/41 online by June 12, 2026.

The 104th Annual General Meeting of the bank is scheduled for July 14, 2026, at 11:00 A.M. IST through Video Conferencing or Other Audio-Visual Means. This meeting will be conducted without physical presence at a common venue, in compliance with the Ministry of Corporate Affairs Circular No. 03/2025 and applicable SEBI regulations. The Register of Members and Share Transfer Books will remain closed from July 08, 2026, to July 14, 2026 (both days inclusive).

E-Voting and Book Closure

The bank has engaged Central Depository Services (India) Limited to facilitate remote e-voting. Shareholders can vote remotely from Saturday, July 11, 2026, at 9:00 A.M. IST to Monday, July 13, 2026, at 5:00 P.M. IST. The cut-off date for determining eligibility for voting is Tuesday, July 07, 2026. Additionally, e-voting facilities will be available during the AGM for members who have not cast their votes remotely.

Management and Compliance

The board approved the promotion of Thiru. T. Arunmolian from Deputy Vice President to Vice President, designating him as the Head of Legal effective June 01, 2026. The bank’s Registrar & Share Transfer Agent, MUFG Intime India Private Limited, will attend to service requests only after shareholders update PAN, bank account details, specimen signature, and contact details, as mandated by SEBI guidelines effective April 01, 2024.

Key Dates

Tamilnad Mercantile Bank Limited will expand its physical presence by opening a new branch at Okkur in Sivagangai District, Tamilnadu, on May 29, 2026. The new outlet, located at Door No.1765, Teachers Colony, Sivagangai Road, aims to enhance banking accessibility in the region.

The disclosure regarding the branch opening was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was formally submitted by Swapnil Ashok Yelgaonkar, Company Secretary & Compliance Officer.

Branch Details

The following table outlines the specific details of the new branch:

This expansion aligns with the bank's strategy to strengthen its network across the state.