Tamilnad Mercantile Bank opened a new branch at Mecheri in Salem District, Tamil Nadu, on June 24, 2026. The new outlet, located at D.No:16-1-268C, Santham Complex, Dharmapuri Main Road, Chamrajpet PO, Mettur Taluk, Salem District, is part of the bank's broader strategy to expand its physical presence across India. This development aligns with the lender's goal to strengthen its footprint beyond its home state and reduce geographic concentration risk.

Branch Expansion and Geographic Diversification

The opening of the Mecheri branch contributes to the bank's stated plan to add 60 new branches by FY27. Tamilnad Mercantile Bank aims to increase its business contribution from outside Tamil Nadu to beyond 30% through this expansion. The branch network growth is designed to capture market share in regions where the bank currently has a limited presence, supporting a more diversified asset base.

MSME Portfolio Growth Strategy

Alongside physical expansion, the bank is targeting 15-20% growth in its MSME portfolio. To achieve this, Tamilnad Mercantile Bank is deploying Business Rule Engine (BRE) and Loan Management System (LMS) architecture. These technology frameworks are intended to streamline credit assessment and loan processing for micro, small, and medium enterprises, facilitating efficient scaling of lending operations in this segment.

Key Strategic Highlights

• Branch Network: 60 new branches targeted by FY27, including the recent Mecheri opening.
• Geographic Focus: Business outside Tamil Nadu to exceed 30%.
• MSME Growth: Portfolio targeted to grow at 15-20%.
• Technology Adoption: BRE and LMS architecture to support MSME lending expansion.

Tamilnad Mercantile Bank's dual focus on physical branch expansion and technology-led MSME growth reflects a structured approach to broadening its business base. The use of BRE and LMS systems signals the bank's intent to modernise its lending operations while pursuing scale in the MSME segment.

Tamilnad Mercantile Bank Limited has announced the Notice of its 104th Annual General Meeting (AGM), scheduled to be held on Tuesday, July 14, 2026, at 11:00 A.M. IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting will be conducted without the physical presence of members at a common venue, in compliance with the Ministry of Corporate Affairs Circular No. 03/2025 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Bank reported its highest-ever annual net profit of ₹1,337.55 crore for FY 2025-26, a growth of 13.10% from ₹1,182.61 crore in the previous year, while total business increased by 17.37% to ₹1,15,091.27 crore.

Financial Performance and Dividend

The Board of Directors has recommended a Final Dividend of ₹12.50 per equity share (125% of face value of ₹10 each) for the Financial Year ended March 31, 2026, subject to shareholder approval. The following table summarises the Bank's key financial highlights for FY 2025-26:

AGM Logistics and E-Voting

The Register of Members and Share Transfer Books will remain closed from July 08, 2026 to July 14, 2026 (both days inclusive). The remote e-voting facility, provided by Central Depository Services (India) Limited (CDSL), will be open 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 voting rights is July 07, 2026. Shareholders can avail e-voting during the AGM if they have not exercised the remote e-voting facility. The Bank has dispatched the AGM Notice and Annual Report for FY 2025-26 via email on June 18, 2026, to registered members and via post to others.

Key Agenda Items

The businesses proposed to be transacted at the AGM include the adoption of audited financial statements for FY 2025-26, the declaration of the final dividend, and the re-appointment of statutory auditors M/s. Sundaram & Srinivasan and M/s. Chandran & Raman for FY 2026-27. The re-appointment of Thiru. C. Chiranjeeviraj as Non-Executive Independent Director is also on the agenda.