Tamilnad Mercantile Bank Share Price Gains Over 2%; Expands with New Kadambur Branch

Written by: Team Angel OneUpdated on: 9 Oct 2026, 10:03 pm IST

Tamilnad Mercantile Bank announces a new branch in Kadambur, Thoothukudi District, operational from October 12, 2026.

On October 9, 2026, Tamilnad Mercantile Bank Limited officially announced the establishment of a new retail branch in Kadambur, as per the exchange filings.

This expansion, scheduled to commence operations on October 12, 2026, is part of the bank's strategic growth in the Thoothukudi District of Tamilnadu.

New Branch Location and Details

The new branch, named Kadambur, is strategically located at S.No.54/1, 54/2 on Railway Station Road in Kovilpatti Taluk. This location within the Thoothukudi District aims to enhance the bank's service reach and accessibility for local customers.

The bank's decision to open a new branch aligns with its growth strategy and commitment to expanding its footprint in Tamilnadu. The Kadambur branch is expected to provide comprehensive banking services to the local community.

Upcoming Board Meeting and Trading Restrictions

A board meeting is scheduled for October 26, 2026, to review and approve the un-audited financial results for the quarter and half year ended September 30, 2026.

The bank has implemented a trading window lock from October 1, 2026, to October 28, 2026, in line with insider trading guidelines.

As of October 09, 2026, at 3:30 PM, Tamilnad Mercantile Bank share price on NSE was closed at ₹874.80, up by 2.26% from the previous closing price.

Conclusion

Tamilnad Mercantile Bank's new Kadambur branch in Thoothukudi District will be operational from October 12, 2026. This expansion is part of the bank's compliance with SEBI regulations and its strategic growth plan.

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Published on: Oct 9, 2026, 4:32 PM IST

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