Tamilnad Mercantile Bank Sets AGM Date and Announces Personnel Change
Tamilnad Mercantile Bank Limited (TMB) has announced outcomes from its recent Board meeting, which included fixing the date for its 104th Annual General Meeting (AGM), setting a record date for a proposed dividend, and detailing a key promotion within its senior management.The AGM of TMB members is scheduled to be held on Tuesday, July 14, 2026, at 11:00 A.M. IST. The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OVAM), aligning with corporate requirements for shareholder participation. In addition to holding the AGM, the Bank will disseminate its Annual Report for the financial year 2025-26 along with the Notice convening the event.
Dividend and Record Date Details
The Board meeting also provided details regarding a proposed dividend for FY 2025-26. If approved by members at the AGM, the dividend is slated for payment on or before August 13, 2026. To determine eligibility for this payout, the designated record date has been set as Friday, June 12, 2026.Senior Management Promotion
The Bank also confirmed a change in its senior management personnel. Thiru. T. Arunmolian was promoted from Deputy Vice President to Vice President and assigned as Head of Legal. This designation is effective from June 01, 2026.Details regarding this promotion are provided below:
| Particulars | Description |
|---|---|
| Reason for change | The Board of Directors approved the Promotion of Thiru. T. Arunmolian from Deputy Vice President to Vice President and designated as Head of Legal. |
| Date/Term of appointment | Promoted as Vice President and designated as Head of Legal with effect from June 01, 2026. |
TMB Stock Price Movement
Tamilnad Mercantile Bank Limited shares today slipped by 0.59% to settle at ₹745.9 after trading in the equity market. The bank's stock managed an intraday low of ₹736.2, indicating a slight sell-off during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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