NSEAction(s) taken or orders passed14 Jul 2026 · 14 Jul 2026, 08:18 pm

Action(s) taken or orders passed

Tamilnad Mercantile Bank Limited · TMB

✦ AI SummaryRegulatory

Tamilnad Mercantile Bank Limited has informed the Exchange about the order passed by the Appellate Tribunal under SAFEMA, New Delhi, dismissing an appeal by the Directorate of Enforcement to confiscate 46,862 shares transferred in the name of foreign investors.

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Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Tamilnad Mercantile Bank Limited has informed the Exchange about the order passed by the Appellate Tribunal under SAFEMA, New Delhi

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9659523378_14072026201646_48.pdf

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Secretarial Section Head Office, 57- V.E. Road, Thoothukudi – 628 002. ☏: 0461-2325136 e-mail : secretarial@tmbank.in CIN: L65110TN1921PLC001908 Ref.No.TMB.SE.48/2026-27 14.07.2026 The Manager, The Manager, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, Plot No. C/1, Phiroze Jeejeebhoy Towers, 'G' Block, Bandra - Kurla Complex, Dalal Street, Bandra (East), Mumbai - 400 051. Mumbai – 400 001. Ref: Symbol: TMB / Scrip Code: 543596 Dear Sir/Madam, Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Order received from Appellate Tribunal under SAFEMA, New Delhi We inform that the Deputy Legal Advisor, Directorate of Enforcement had preferred an appeal dated 27.01.2021 before the Appellate Tribunal under SAFEMA, New Delhi claiming confiscation of 46,862 shares transferred in the name of foreign investors or to remand the matter for de-nova adjudication. After hearing the appeal, the Tribunal dismissed the same appeal by order dated 09.07.2026, a copy of which has been received today, i.e., 14.07.2026. The requisite disclosure as required as per the requirements of Regulation 30 read with Schedule Ill - Para A (20) of Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as applicable) and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are provided in “Annexure – A”. Kindly take the information on record. Yours faithfully, For Tamilnad Mercantile Bank Limited Swapnil Yelgaonkar Company Secretary and Compliance Officer Secretarial Section Head Office, 57- V.E. Road, Thoothukudi – 628 002. ☏: 0461-2325136 e-mail : secretarial@tmbank.in CIN: L65110TN1921PLC001908 Annexure – A Information as required under Regulation 30 - Para A (20) of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 S.No. Particulars Description 1. Name of the authority Appellate Tribunal under SAFEMA, New Delhi With regard to the Show Cause dated 17.12.2014 issued by the Directorate of Enforcement, the Special Director had adjudicated and passed order dated 14.08.2020 imposing penalty on the Bank and others. The Deputy Legal Advisor, Directorate of Enforcement had preferred an appeal dated 27.01.2021 against the Nature and details of the action(s) taken, 2. said order before the Appellate Tribunal under initiated or order(s) passed SAFEMA, New Delhi claiming confiscation of 46,862 shares transferred in the name of foreign investors or to remand the matter for de-nova adjudication. After hearing the appeal, the Tribunal dismissed the same by order dated 09.07.2026, a copy of which has been received today, i.e.,14.07.2026. Date of receipt of direction or order, including 3. any ad-interim or interim orders, or any other July 14, 2026 communication from the authority Details of the violation(s) / contravention(s) Contravention of FEMA Regulations in recording the committed or alleged to be committed transfer of shares Impact on financial, operation or other This would not have material impact on the bank’s 5. activities of the listed entity, quantifiable in financial statement. monetary terms to the extent possible.