Tamilnad Mercantile Bank Limited — Others, 30-01-2025: Loss of Share Certificates

Tamilnad Mercantile Bank has reported the loss of several share certificates by multiple shareholders, leading to requests for duplicate certificates. The affected shareholders include Jaya Sankar (500 shares), Jeyasankar A. (1,000 shares), and Ponnusamy K. (1,500 shares), among others, totaling 3,506 shares. The Committee of Executives will review the claims upon receipt of necessary documentation. This incident may raise concerns about share security but also presents an opportunity for the bank to reinforce its shareholder communication and processes surrounding certificate management, potentially fostering investor confidence in its governance.