Tamilnad Mercantile Bank Limited has announced a senior management change in its information technology division, with the completion of contract period for a key executive position. The bank informed stock exchanges about this planned transition under regulatory disclosure requirements.

Management Transition Details

V.Jayaraman, who served as Executive Vice President – Information Technology, was relieved from his position effective March 05, 2026, at the closure of business hours. The cessation of service occurred due to the natural completion of his contract period with the bank.

Succession Planning

The bank demonstrated proactive succession planning by appointing a replacement well in advance of the transition. Davis Jose Thettayil was appointed as the new Executive Vice President – Information Technology, ensuring seamless continuity in the bank's technology operations.

The appointment of the new executive was communicated to stock exchanges on October 15, 2025, indicating the bank's forward planning approach to this management change.

Regulatory Compliance

Tamilnad Mercantile Bank fulfilled its disclosure obligations under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank provided comprehensive details as required under Para A(7C) of Part A of the SEBI Listing Regulations.

The notification was sent to both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited, ensuring full regulatory compliance for this senior management change.

Corporate Information

The announcement was made by Swapnil Yelgaonkar, Company Secretary & Compliance Officer, from the bank's head office located at 57-V.E. Road, Thoothukudi. This management transition reflects the bank's systematic approach to leadership changes and regulatory compliance in its operations.

Tamilnad Mercantile Bank Limited has announced a scheduled analyst and investor meeting with Whiteoak Capital Group, set to take place on March 11, 2026. The virtual meeting has been disclosed in compliance with SEBI regulations governing listed companies' disclosure requirements.

Meeting Details

The bank has provided specific details about the upcoming interaction in its regulatory filing:

Regulatory Compliance

The announcement has been made pursuant to Regulation 30(6) read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose scheduled analyst and investor meetings to ensure transparency and fair disclosure practices.

The bank has specifically stated that no Unpublished Price Sensitive Information (UPSI) or material information will be shared during the meeting. This clarification aligns with SEBI's guidelines on preventing selective disclosure of sensitive information that could impact stock prices.

Important Considerations

Tamilnad Mercantile Bank has noted that the date and time of the meeting are subject to change due to unforeseen exigency on the part of the bank or investors. This flexibility clause is standard practice in such announcements to accommodate any last-minute scheduling conflicts.

The communication was signed by Swapnil Yelgaonkar, Company Secretary & Compliance Officer, and has been formally communicated to both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited as required under listing regulations.