Tamilnad Mercantile Bank schedules postal ballot for director appointments, articles changes

Tamilnad Mercantile Bank Limited has issued a notice regarding a postal ballot for its shareholders, scheduled to commence on November 29, 2025, and conclude on December 28, 2025. The postal ballot will address three key resolutions, including the appointment of S.R. Aravind Kumar and R. Kodeeswaran as non-executive non-independent directors. Additionally, shareholders will vote on a proposed alteration to the bank's Articles of Association.

The notice, along with e-voting information, has been disseminated to eligible shareholders as of the cut-off date, November 24, 2025, via email and post. The bank has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting process. Details of the postal ballot are accessible on the bank's website and the websites of the Bombay Stock Exchange Limited and National Stock Exchange of India Limited.

V. Suresh has been appointed as the scrutinizer for the postal ballot process. Results are anticipated to be announced on or before December 30, 2025, and will be published on the bank's website and communicated to the stock exchanges.