Tamilnad Mercantile Bank Limited — Others, 02-01-2025: Loss of Share Certificates

Tamilnad Mercantile Bank has reported a loss of share certificates, prompting the need for duplicate certificates to be issued to affected shareholders. Specifically, the shareholders involved are Sarala T., Vijayasundar T., and Murugesan C. The claims will be reviewed by a Committee of Executives once the necessary documentation is submitted and all formalities are satisfied. This situation may create a minor operational hurdle but could be viewed neutrally by investors, as the bank is taking appropriate steps to address the issue, ensuring shareholder interests are safeguarded.