Tamilnad Mercantile Bank Limited has informed the Exchange about Book Closure for Final Dividend for the F.Y - 2024-25
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Awaiting price reaction for this filing.
Tamilnad Mercantile Bank has announced that its 103rd Annual General Meeting will be held on Friday, August 08, 2025 at 10:00 AM via video conferencing. The Register of Members and Share Transfer Books will remain closed from August 02, 2025 to August 08, 2025 for the AGM and final dividend. The record date for eligibility is Friday, August 01, 2025, and the final dividend, subject to shareholder approval, will be paid on or after August 09, 2025. The actual dividend amount per share has not been disclosed in this filing.
Shareholders who hold the stock on or before the record date of August 01, 2025 will be eligible to receive the final dividend. The dividend amount, once approved at the AGM, will determine the actual return for investors; no immediate stock price catalyst until the dividend quantum is announced.