Tamilnad Mercantile Bank Limited has informed the Exchange about the Newspaper advertisement published for the proposed transfer of equity shares to Investor Education and Protection Fund
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Tamilnad Mercantile Bank has informed the stock exchanges that it published newspaper notices on March 20, 2026 regarding the proposed transfer of certain equity shares to the Investor Education and Protection Fund (IEPF) Account. The advertisements appeared in Business Line (English) and The Hindu (Tamil edition), as required under the IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016. This is a routine regulatory compliance step taken when shareholders have not claimed dividends for several consecutive years. Shareholders whose shares are being moved can still claim them back from the IEPF Authority by following the prescribed refund process. The filing is made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a routine compliance disclosure with no direct impact on the stock price or business operations. Shareholders who have not claimed dividends for 7 or more years should check if their shares are on the transfer list and take timely action to claim them from IEPF to avoid permanent loss.