Change - Announcement of Appointment::Re-appointment of Ms Vedika Bhandarkar as Non Executive Independent Director of the Company

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
Change - Announcement of Appointment
Date &Time of Broadcast
13-May-2024 17:36:32
Status
New
Announcement Sub Title
Re-appointment of Ms Vedika Bhandarkar as Non Executive Independent Director of the Company
Announcement Reference
SG240513OTHRMWEJ
Submitted By (Co./ Ind. Name)
Maloy Kumar Gupta
Designation
Company Secretary
Effective Date and Time of the event
13/05/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved re-appointment of Ms Vedika Bhandarkar (DIN: 00033808) as a Non-Executive Independent Director of the Company for the second consecutive term of 5 years, i.e., from June 26, 2024 to June 25, 2029 (both days inclusive), subject to approval of shareholders of the Company by way of a Special Resolution.

Additional Details

Date Of Appointment
10/05/2024
Name Of Person
Ms Vedika Bhandarkar
Age
56
Country Of Principal Residence
India
Date of last re-appointment (if applicable)
26/06/2020
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Pursuant to the performance evaluation of Ms. Bhandarkar and considering that her continued association as a Member of the Board would be beneficial to the Company, it was recommend to the Board, the re-appointment of Ms. Bhandarkar as a Non-Executive Independent Director of the Company, not liable to retire by rotation, for the second term of five years, i.e., from June 26, 2024 to June 25, 2029 (both days inclusive).
Whether appointment is executive, and if so, the area of responsibility
N.A.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive Independent Director
Professional qualifications
Ms. Bhandarkar is a board member of the Jai Vakeel Foundation. She holds an MBA from the Indian Institute of Management Ahmedabad, and a B.Sc. from the MS University. Ms. Bhandarkar has been an Independent Director of the company since 26 June 2019.
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
N.A.
Conflict of interests (including any competing business)
N.A.
Working experience and occupation(s) during the past 10 years
Ms. Vedika Bhandarkar is an experienced financial expert with over 35 years of experience in building teams and businesses with Indian and international organizations. She is presently the President and Chief Operating Officer of Water.org., a global, non-profit organisation. Prior to this, Ms. Bhandarkar spent 25 years with different financial institutions. She held various leadership positions at Credit Suisse Securities and J.P. Morgan in India, including Vice Chairman and
Managing Director at Credit Suisse Securities (India) Private Limited, and Managing Director and Head of Investment Banking at J.P. Morgan in India. She began her career with ICICI in 1989 and worked there for 8 years, including 5 years at ISec, a joint venture between ICICI and J.P. Morgan. Ms. Bhandarkar is a board member of the Jai Vakeel Foundation. She holds an MBA from the Indian Institute of Management Ahmedabad, and a B.Sc. from the MS University. Ms. Bhandarkar
has been an Independent Director of the company since 26 June 2019.
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
No
Shareholding interest in the listed issuer and its subsidiaries?
No
Other Principal Commitments* Including Directorships#
*"Principal Commitments" has the same meaning as defined in the Code
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Tata Play Limited
Banks Board Bureau
Tata Investment Corporation Limited
TMF Holdings Limited (Debt Listed)
Tata Motors Limited
Tata Passenger Electric Mobility Limited
Foundation for Accessible Aquanir and Sanitation (Section 8 Co)
Tata Motors Finance Limited (FKA Tata Motors Finance Solutions Limited)
TMF Business Services Limited ( FKA Tata Motors Finance Limited )
Present
Tata Motors Finance Limited
TMF Business Services Limited
Foundation for Accessible Aquanir and Sanitation
Tata Motors Limited
Tata Passenger Electric Mobility Limited
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Disclosure applicable to the appointment of Director only.
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
She is re-appointed as a Non-Executive Independent Director.