Tamilnad Mercantile Bank Ltd - 543596 - Tamilnad Mercantile Bank Limited Has Informed The Exchange Regarding ''Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations )''
We refer to our earlier intimation, Ref.No.TMB.SE.40/2024-25, dated May 23, 2024, wherein it was informed that the Stock Exchanges, BSE Limited ('BSE') and National Stock Exchange of India Limited ('NSE'), vide their letter dated May 22, 2024, had imposed fine of Rs.60,000/- each, besides GST on the Bank with respect to certain non-compliance / delayed compliance under Regulation 18 and 20 of the SEBI Listing Regulations. A note on the fine imposed by the Stock Exchanges, including the current status was placed before the Board of Directors in their meeting held today i.e., June 07, 2024. The Board took note of the same and directed the Compliance Officer to follow-up with the Stock Exchanges for the waiver application filed by the Bank.07-06-2024