Diazonium salt of p-toluidine reacted with salicylic acid-formadehyde polymer afforded a novel ligand PTSA. The ligand PTSA and its metal chelates with Cu(II), Zn(II), Co(II), Fe(III), Mn(II) and Ni(II) metal ions were prepared. The PTSA and its polymeric metal chelates were characterized by elemental analysis, spectral studies, thermogravimetry, diffuse reflectance spectral studies and magnetic susceptibilities. By Batch equilibration method chelation ion-exchanging properties of the polymers were studied. All the samples have also been monitored for microbicidal activity.