RATING

RECOMMENDATION

Neutral

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

  • Tamilnad Mercantile Bank Dividends

Tamilnad Mercantile Bank Upcoming Dividends

No upcoming dividends are available.

Tamilnad Mercantile Bank Past Dividends

Cash Dividend Dividend/Share Ex Date
Special ₹ 4.00 June 9, 2022
Final ₹ 6.00 June 9, 2022
Interim ₹ 5.00 May 7, 2021
  • Tamilnad Mercantile Bank Corporate Action

Tamilnad Mercantile Bank Upcoming Corporate Action

No upcoming corporate actions available.

Tamilnad Mercantile Bank Past Corporate Action

Corporate Action Corporate Action Description Ratio Date
Bonus Issue

Company issued 500 equity shares for every one equity share

1:500 May 25, 2016
  • Tamilnad Mercantile Bank Announcements

Tamilnad Mercantile Bank Upcoming Announcements

No Upcoming announcements available.

Tamilnad Mercantile Bank Past Announcements

Announcements Link Announced On
Updates
On August 26, 2022, the company again filed its DRHP, which comprises fresh issue of up to 15,840,000 Equity Shares.
Download Aug. 26, 2022
  • Tamilnad Mercantile Bank Legal Orders

Legal Orders Reference Announced On
T. Rajakumar, our former director, alleging mismanagement in the bank, and citing ongoing proceedings against it by the Directorate of Enforcement and violations of banking regulations and the FEMA 1999, also filed a writ petition before the High Court of Madras, and sought directions to the be issued to the SEBI to stop the initial public offer of the bank until these proceedings are concluded.
TMB_DRHP_page299
Download June 30, 2021
Unauthorized debits using sham cheque details had been made from the account of Blissful Garments Private Limited
TMB_DRHP_Page302
Download Aug. 25, 2020
(i) Conduct annual general meetings within the prescribed timelines and (ii) Submit the secretarial audit report as an annexure
TMB_DRHP_Page300
Download Nov. 4, 2019