Tamilnad Mercantile Bank Limited informed that Shri. Prakash Chandra Panda has submitted his resignation from the position of Company Secretary and Compliance Officer (Key Managerial Personnel) of the Bank, vide his letter dated March 15, 2024, due to personal reasons and requested to relieve him from his duties with effect from March 31, 2024. The resignation was informed to the Board on March 15, 2024 and the Board took note of the resignation and advised to process the same as per Officers' service rules /policy of the Bank.

The Board also authorized the MD&CEO to accept the resignation, waive the notice period, if needed and relieve the Company Secretary.