Tamilnad Mercantile Bank has officially relaunched its second 100-day 'Saksham Niveshak' campaign, running from April 1, 2026 to July 9, 2026. The initiative follows a directive from the Investor Education and Protection Authority (IEPFA) dated March 27, 2026, and aims to help shareholders claim unpaid dividends and update their KYC details.

Campaign Objectives and Timeline

The Saksham Niveshak campaign has been designed to encourage shareholders to take two critical actions: claim their unpaid or unclaimed dividends and update their Know Your Customer (KYC) details with the bank's Registrar and Transfer Agent. The primary goal is to prevent these dividends from being transferred to the Investor Education and Protection Fund (IEPF).

KYC Requirements and Contact Information

Shareholders who have not claimed their dividends or have incomplete KYC details are requested to update the following information:

• Bank account mandate
• PAN details
• Nominee registration
• Contact information including email, mobile number, and address

The bank has provided comprehensive contact details for shareholders seeking assistance:

Digital Services and SEBI Updates

Shareholders can also utilize digital platforms for their requests. The bank encourages registration and tracking through the SWAYAM portal at https://swayam.in.mpms.mufg.com or by registering service requests through the dedicated helpdesk portal.

Additionally, the bank has highlighted an important SEBI circular dated January 30, 2026 (circular no. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026) titled "Ease of Doing Investment – Special Window for Transfer and Dematerialisation of Physical Securities." This circular opens a special window for re-lodgement of transfer requests for physical share certificates that were lodged prior to April 1, 2019 and were previously rejected, returned, or not processed due to document deficiencies.

Regulatory Compliance and Publication

The bank has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by publishing newspaper advertisements in The Business Line (English – All India Edition) and The Hindu (Tamil – Tamil Nadu Edition) on April 1, 2026. The information is also available on the bank's website under the "Investors Relations" section.

Company Secretary Swapnil Yelgaonkar has signed off on the campaign documentation, ensuring proper regulatory compliance and shareholder communication throughout the 100-day initiative period.

Tamilnad Mercantile Bank Limited has received a significant income tax demand notice from the Assessment Unit of the Income Tax Department, amounting to Rs 17,75,40,410. The bank disclosed this development to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tax Demand Details

The Assessment Unit issued the demand notice under Section 156 of the Income Tax Act, 1961, through Notice no. ITBA/AST/S/156/2025-26/1088161097(1) dated March 30, 2026. The bank received this notice on March 31, 2026.

Nature of Assessment

The Assessment Unit passed an order dated March 30, 2026, under section 143(3) read with section 254 and section 144B of the Income Tax Act. The demand arose from the disallowance of the bank's claim made under Section 36(1)(viia) of the Income Tax Act, 1961 for Assessment Year 2016-17.

Bank's Response and Impact

Tamilnad Mercantile Bank has indicated that it is in the process of filing an appeal against this demand notice. The bank expressed confidence that the appeal is expected to be decided in its favor.

According to the bank's disclosure, this demand notice would not have a material impact on the bank's financial statements. The bank has fulfilled its regulatory disclosure requirements as mandated under SEBI regulations for such monetary demands from regulatory authorities.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 read with Schedule III - Para A (20) of Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The bank provided comprehensive details about the nature of the demand, the authority involved, and the potential impact on its operations as required under the regulatory framework.