Tamilnad Mercantile Bank has fixed June 12, 2026, as the record date to determine shareholder eligibility for a proposed dividend for FY26. The dividend, subject to shareholder approval at the upcoming Annual General Meeting, is scheduled to be paid on or before August 13, 2026. This announcement follows a board meeting held on June 05, 2026, where the directors approved the timeline and other key agenda items.

The 104th Annual General Meeting of the bank is scheduled for July 14, 2026, at 11:00 A.M. IST. In compliance with circulars from the Ministry of Corporate Affairs and the Securities and Exchange Board of India, the meeting will be conducted exclusively through Video Conferencing or Other Audio-Visual Means. The bank will dispatch the Annual Report for FY26 and the notice for the AGM in accordance with applicable laws.

Management Changes

The board approved the promotion of Thiru. T. Arunmolian from Deputy Vice President to Vice President. He has been designated as the Head of Legal, effective June 01, 2026. The disclosure regarding this change was made in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.