Tamilnad Mercantile Bank Limited has informed the Exchange regarding Change in Auditors of the company.
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Tamilnad Mercantile Bank has appointed M/s. SPNP & Associates, Practicing Company Secretaries, as its new Secretarial Auditor. The appointment was approved by shareholders at the 103rd Annual General Meeting held on August 8, 2025. The firm will serve for a first term of five consecutive financial years, from April 1, 2025 to March 31, 2030. SPNP & Associates is described as a Chennai-based firm with over 20 years of experience in corporate governance and compliance services. This is a routine secretarial auditor appointment and not related to the bank's statutory/statutory audit.
This is a routine governance compliance matter with no material impact on shareholders or the stock price. It reflects the bank fulfilling SEBI listing requirements by appointing a qualified secretarial auditor for the next five years.