General Announcement::Intimation of outcome of the Board Meeting

Issuer & Securities

Issuer/ Manager
TATA MOTORS LIMITED
Securities
TATA MOTORUS$300M5.875%N250520 - XS2079668609 - FGLB
TATA MOTORUS$500M4.625%N200430 - XS1121907676 - 19RB
TATA MOTORUS$250M5.75%N241030 - XS1121908211 - 19SB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
01-Aug-2024 23:00:12
Status
New
Announcement Sub Title
Intimation of outcome of the Board Meeting
Announcement Reference
SG240801OTHR30YU
Submitted By (Co./ Ind. Name)
Maloy Kumar Gupta
Designation
Company Secretary
Effective Date and Time of the event
01/08/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
In terms of Regulation 30 and 51 read with Part A, Para A of Schedule III of the SEBI Listing Regulations,
and in further reference to our letter bearing Sc no. 18166 dated March 4, 2024, we hereby inform you that
the Board of Directors of Tata Motors Limited ( Company ) at its Meeting held today, i.e. August 1, 2024,
based on the recommendations of the Audit Committee and Committee of Independent Directors, has
approved a Composite Scheme of Arrangement amongst the Company ( TML or Demerged Company
or Amalgamated Company or Tata Motors ), TML Commercial Vehicles Limited ( TMLCV or
Resulting Company ), and Tata Motors Passenger Vehicles Limited ( TMPV or Amalgamating
Company ) and their respective shareholders under Sections 230-232 of the Companies Act, 2013 ( Act )
and other applicable provisions of the Act and the rules framed thereunder, inter alia, for:
(i) demerger of the Company s Commercial Vehicles Business (as defined in the Scheme) from TML
to TMLCV, and
(ii) merger of TMPV undertaking the Passenger Vehicles Business (as defined in the Scheme) with
TML ( Scheme ).

Attachments

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