Tamilnad Mercantile Bank Limited has informed the Exchange regarding Cessation of Mr.V.Jayaraman as Executive Vice President - Information Technology of the Bank w.e.f. March 05, 2026.
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Tamilnad Mercantile Bank has informed the stock exchanges that Mr. V. Jayaraman, Executive Vice President – Information Technology, has been relieved from service with effect from the close of business hours on March 5, 2026, due to the completion of his contract period. This is a routine senior management change, not a disciplinary or sudden exit. The bank had already appointed Mr. Davis Jose Thettayil as the new Executive Vice President – Information Technology on October 15, 2025, so the transition is already complete. No new information about the successor is being disclosed as part of this filing.
Minimal impact on shareholders or stock price — this is a planned, contract-end transition at a senior management level, and a replacement has already been in place since October 2025. Investors should note continuity in the IT leadership function is maintained.