Tamilnad Mercantile Bank Limited has informed the Exchange regarding Resignation of Mr B. Prabaharan as Non- Executive Independent Director of the company w.e.f. Jun 11, 2025.
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Mr. B. Prabaharan (DIN: 00209875) has resigned as a Non-Executive Independent Director of Tamilnad Mercantile Bank Limited, effective from the close of business hours on June 11, 2025. He cited pre-occupations and other personal commitments as the reason for his departure. The director confirmed that there are no other material reasons behind his resignation. He did not hold directorships in any other listed entity, and the resignation was communicated via email on June 9, 2025.
This is a routine board-level change with no disclosed governance concerns. Shareholders should monitor whether a replacement independent director is appointed in due course to ensure continued board composition compliance, but the resignation itself is unlikely to have a material impact on the stock price.