Announced Tue, 14 Jul · 20:18 IST
Appellate Tribunal dismisses Enforcement appeal against TMB
TMB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.1%1-day move
₹783.00
prior close
₹798.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4+0.1-0.1+0.9+2.1+1.6+2.4+4.2+3.4+2.9————
Up moveDown movePending
AI summary
The Appellate Tribunal under SAFEMA, New Delhi has dismissed an appeal by the Directorate of Enforcement against Tamilnad Mercantile Bank. The 2021 appeal sought confiscation of 46,862 shares transferred to foreign investors or a fresh hearing on a 2014 FEMA violation case. The Tribunal rejected it on 09.07.2026. The matter stems from a 2020 penalty order on the bank. The bank states no material impact on its financials.
Likely market impact
Positive for TMB as it avoids share confiscation; 2020 penalty stays but bank says no material financial hit.