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