Tamilnad Mercantile Bank to consider quarterly results on July 25

Tamilnad Mercantile Bank has announced a board meeting scheduled for July 25, 2025, to consider and approve the unaudited financial results for the quarter ended June 30, 2025. As per regulations, the trading window for dealing in the bank’s securities has been closed from July 1, 2025, until July 27, 2025, for designated persons including directors, key management personnel, and connected individuals. This follows a previous incident where BSE Limited imposed a penalty of INR52,000 (plus GST) on the bank for non-compliance with Regulation 24A of the SEBI Listing Regulations due to the delayed submission of the Secretarial Compliance Report for the fiscal year ending March 31, 2025. The bank promptly addressed the issue by uploading the report on June 27, 2025, and settling the penalty on the same day. The matter was reviewed by the Board of Directors on July 8, 2025, who emphasized the importance of ensuring compliance in the future to avoid similar occurrences. These updates collectively highlight Tamilnad Mercantile Bank's ongoing efforts to maintain regulatory compliance and transparency in financial reporting.