Tamilnad Mercantile Bank Limited — Others, 08-08-2025: Shareholders meeting

Tamilnad Mercantile Bank (TMB) held its 103rd Annual General Meeting via video conference, where shareholders adopted the Audited Financial Statements for the year ended March 31, 2025. A final dividend of ₹11 per equity share (110% of face value) for FY2024-25 was approved. Key appointments included the re-appointment of Shri.A.Niranjan Sankar as Non-Executive Director and the appointment of Shri.K.Ramachandran as an Independent Director for three years. Joint Statutory Central Auditors were re-appointed for FY2025-26 with a remuneration of ₹0.24 Cr each. The Board was also authorized to appoint branch auditors. Management addressed shareholder queries, and voting results will be disclosed soon.