Tamilnad mercantile bank Limited has announced the opening of three new branches across Karnataka, Gujarat, and Tamil Nadu as part of its ongoing expansion strategy. The bank informed stock exchanges about this development through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Branch Expansion Details

The bank will establish new branches in strategically selected locations across three states. The expansion includes branches in Ballari, Karnataka; Anand, Gujarat; and Pandalkudi, Tamil Nadu, marking the bank's continued efforts to strengthen its geographical presence.

Strategic Locations

The Ballari branch will be located at Sri Basawa Square in Gandhi Nagar, positioning the bank in a prominent commercial area of Karnataka. The Anand branch in Gujarat will operate from a ground floor location opposite the Fire Station in Sardar Gunj area, ensuring high visibility and accessibility for customers.

Tamil Nadu Presence

The Pandalkudi branch will be established in Virudhunagar District, specifically in Aruppukottai Taluk. This location will serve customers in the southern Tamil Nadu region, complementing the bank's existing network in the state where it has its headquarters in Thoothukudi.

Regulatory Compliance

The bank has fulfilled its regulatory obligations by informing both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited about the branch openings. Company Secretary & Compliance Officer Swapnil Yelgaonkar signed the official communication dated 27.03.2026, ensuring proper disclosure to stakeholders and regulatory authorities.

Tamilnad Mercantile Bank Limited has notified the National Stock Exchange of India and Bombay Stock Exchange about amendments to its Fair Disclosure principles under SEBI (Prohibition of Insider Trading) Regulations, 2015. The notification was made in compliance with Regulation 8(2) of the SEBI regulations.

Board Approval and Implementation

The bank's Board of Directors approved the amendments during their meeting held on March 24, 2026. The changes to the Principles of Fair Disclosure for Purposes of Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information became effective immediately from the same date.

Regulatory Compliance

The notification was submitted pursuant to Regulation 8(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, which mandates companies to inform stock exchanges about amendments to their fair disclosure policies. The communication was signed by Swapnil Yelgaonkar, Company Secretary & Compliance Officer, and addressed to both major Indian stock exchanges.

Document Accessibility

The amended Fair Disclosure principles document has been made available on the bank's official website under the regulatory policies section. This ensures transparency and provides stakeholders with access to the updated guidelines governing the disclosure of unpublished price sensitive information.

The bank operates from its head office located at 57- V.E. Road, Thoothukudi, and maintains its commitment to regulatory compliance through timely notifications to relevant authorities and stakeholders.