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.

Tamilnad Mercantile Bank has filed its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, detailing its environmental, social and governance performance. The report, submitted to stock exchanges, highlights improved operational efficiency metrics and material business risks, including information security and regulatory adherence.

Operational Efficiency and Environmental Impact

The Bank reported improvements in resource efficiency during FY 2025-26. Energy intensity per rupee of turnover improved by 13.18%, decreasing from 19.23 in FY 2024-25 to 16.69 in FY 2025-26. Similarly, water intensity per rupee of turnover improved by 3.72%, falling from 24.18 to 23.28. Despite an increase in absolute greenhouse gas (GHG) emissions, the Bank achieved a 10.19% improvement in GHG intensity (Scope 1 and Scope 2), which decreased from 3.27 to 2.94 per rupee of turnover.

Regulatory Penalties and Compliance

The Bank disclosed monetary penalties totaling ₹45,03,750 imposed by various regulatory bodies during the financial year. The Reserve Bank of India (RBI) imposed penalties amounting to ₹39.60 lakh for issues including non-replenishment of ATMs and failure to credit the Depositor Education and Awareness Fund. Additionally, BSE Limited levied penalties of ₹90,000 for non-compliance with SEBI (LODR) Regulations, while the Ministry of Corporate Affairs and NSDL imposed fines of ₹50,000 and ₹1,500 respectively.

Stakeholder Grievances and Cybersecurity

Customer grievance redressal mechanisms remained active, with the Bank receiving 16,684 complaints during FY 2025-26, of which 238 were pending resolution at year-end. The majority of these complaints related to IT services such as ATM, POS and e-commerce transactions. The Bank reported zero instances of data breaches during the year, maintaining its cybersecurity framework aligned with ISO/IEC 27001:2022 standards.

Workforce and Social Performance

The Bank’s workforce comprised 2,464 employees and 2,333 workers as of March 31, 2026. Skill enhancement training coverage for employees increased to 100% in FY 2025-26 from 97.69% in the previous year. The Bank also reported one complaint of sexual harassment, which was resolved during the year.