Tamilnad Mercantile Bank Limited — Others, 05-03-2025: Loss of Share Certificates

Tamilnad Mercantile Bank has reported the loss of share certificates for several shareholders, prompting the need for duplicate issuances. Key shareholders affected include Parimala Gandhi (500 shares), Chitrai Pandian (2000 shares), and Vijayarajan K. (500 shares), among others, totaling 9,505 shares. The process for issuing duplicates will be handled by the Committee of Executives, contingent on the shareholders providing the necessary documentation. This matter may affect liquidity as shareholders seek resolution, but it highlights the bank’s compliance with shareholder needs. Overall, the market may view this as a neutral impact, given the bank’s timely response.