Tamilnad Mercantile Bank Limited has informed the Exchange about Copy of Newspaper Publication regarding 103rd Annual General Meeting of the Bank, Book Closure dates and other related matter
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Tamilnad Mercantile Bank has announced that its 103rd Annual General Meeting (AGM) will be held on Friday, August 08, 2025 at 10:00 AM IST via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The bank has set a book closure period from August 02, 2025 to August 08, 2025 (both days inclusive), meaning shares cannot be transacted during this window. The cut-off date for e-voting eligibility is August 01, 2025, and the e-voting window runs from August 05, 2025 (9:00 AM) to August 07, 2025 (5:00 PM). Subject to shareholder approval at the AGM, the bank has recommended a dividend of ₹11 per share (₹10 face value plus ₹1 special dividend) for FY 2024-25, with TDS applicable on dividends exceeding the prescribed threshold. Shareholders seeking TDS exemption must submit 15G/15H forms by July 31, 2025.
Shareholders holding shares as of the record date will be eligible for the ₹11 per share dividend once approved at the AGM. The book closure period means no share transfers or trading will be permitted from August 2-8, 2025. Investors should ensure KYC is updated with the RTA (MUFG Intime) to receive dividend payments smoothly.