Tamilnad Mercantile Bank Limited has issued a comprehensive notice to shareholders regarding the mandatory transfer of unclaimed dividend shares to the Investor Education and Protection Fund (IEPF). The bank published advertisements in Business Line (English edition) and The Hindu (Tamil edition) on March 20, 2026, fulfilling regulatory disclosure requirements under SEBI Listing Regulations.

Regulatory Compliance and Transfer Requirements

Pursuant to Section 124(6) of the Companies Act, 2013, and the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, the bank must transfer shares with unpaid or unclaimed dividends for seven consecutive years to the IEPF Authority. The transfer process affects shareholders who have not encashed dividends declared for Financial Year 2018-19 and subsequent dividend declarations.

Shareholder Action Requirements

The bank has sent individual communications to affected shareholders and published a comprehensive list on its website at https://www.tmb.bank.in/pages/Investor-Education-and-protection-fund . Shareholders must submit requisite documents to the bank's Registrar and Transfer Agent before July 6, 2026, to prevent automatic transfer of their shares.

Key Contact Information:

• RTA: M/s. MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
• Address: Surya 35, Mayflower Avenue, Behind Senthil Nagar, Sowripalayam Road, Coimbatore – 641 028
• Phone: 0422 – 2314792, 4958995, 2539835
• Email: investor.helpdesk@in.mpmfs.mufg.com

Transfer Process and Implications

The transfer process varies based on shareholding format. For physical shareholdings, the bank will issue duplicate share certificates for IEPF transfer while original certificates become non-negotiable. For electronic holdings, the demat account will be debited for shares liable for transfer.

Recovery Mechanism for Transferred Assets

Once shares transfer to IEPF Authority, shareholders can reclaim them only through the IEPF Authority by filing E-Form IEPF-5 with necessary documents on the Ministry of Corporate Affairs website ( www.mca.gov.in ). The bank will not bear liability for shares or dividends transferred under regulatory compliance.

Corporate Communication Details

Company Secretary Swapnil Yelgaonkar signed the official communication to stock exchanges, confirming publication of the mandatory notice. The bank maintains its registered office at 57, V.E. Road, Thoothukudi – 628 002, with CIN: L65110TN1921PLC001908. Shareholders requiring clarifications can contact the bank's secretarial section at secretarial@tmbank.in or the designated RTA for immediate assistance.

Tamilnad Mercantile Bank has received a substantial income tax demand notice of ₹2,04,23,11,454 from the Assessment Unit of the Income Tax Department. The bank disclosed this development through an official communication to stock exchanges on March 18, 2026, following receipt of the demand notice.

Tax Demand Specifics

The Income Tax Department issued the demand notice under Section 156 of the Income Tax Act, 1961, dated March 17, 2026. The following table outlines the key details of the tax demand:

Nature of Disallowance

The tax demand stems from the disallowance of claims made under Section 36(1)(vii) of the Income Tax Act, 1961 for Assessment Year 2013-14. The Assessment Unit passed an order dated March 17, 2026, under section 147 read with section 254 and section 144B, resulting in this monetary demand.

Bank's Response and Impact Assessment

Tamilnad Mercantile Bank has indicated that it is in the process of filing an appeal against the demand notice. The bank expects the appeal to be decided in its favor. According to the bank's assessment, this demand notice would not have a material impact on the bank's financial statements.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank has provided comprehensive details as required under Schedule III - Para A (20) of Part A, ensuring full transparency with stakeholders and regulatory authorities regarding this significant development.