Tamilnad Mercantile Bank Limited has informed the Exchange regarding Notice of Postal Ballot
TMB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tamilnad Mercantile Bank Limited has issued a postal ballot notice to shareholders seeking approval for the appointment of Shri. A. Shidambaranathan (DIN: 02904738) as a Non-Executive Independent Director through a special resolution. The appointment is for a term of 3 consecutive years, from April 01, 2025 to March 31, 2028. The director is a Fellow Chartered Accountant with experience in banking audits, taxation, and company law matters, and has previously served as an Independent Director of the same bank from October 2011 to December 2018. Shareholders can vote electronically via NSDL's e-voting platform from May 06, 2025 (9:00 AM IST) to June 04, 2025 (5:00 PM IST), with the cut-off date for eligibility set as April 30, 2025. Voting results are expected to be announced on or before June 06, 2025.
This is a routine corporate governance action and typically has no direct material impact on the stock price. Shareholders with holdings as of April 30, 2025 are eligible to vote on the director's appointment through remote e-voting.