General Announcement::Approval of Tata Motors Limited Share based Long Term Incentive Scheme 2021

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
24-Jun-2021 15:00:21
Status
New
Announcement Sub Title
Approval of Tata Motors Limited Share based Long Term Incentive Scheme 2021
Announcement Reference
SG210624OTHRWRPL
Submitted By (Co./ Ind. Name)
Hoshang Sethna
Designation
Company Secretary
Effective Date and Time of the event
24/06/2021 17:00:00
Description (Please provide a detailed description of the event in the box below)
Outcome of the Board meeting held on June 23, 2021 - Approval of Tata Motors Limited Share-based Long Term Incentive Scheme 2021

Further to our filing dated June 23, 2021 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 [SEBI Listing Regulations], please be informed that the Board of Directors, at its meeting held today, based on the recommendation of Nomination and Remuneration Committee, inter alia, approved the Issue of Performance Shares and/or Options to the eligible employees of the Company and its subsidiary companies as per the SEBI (Share Based Employee Benefits) Regulations, 2015 not exceeding 0.25% of the Company's issued share capital, subject to approval of the shareholders at the ensuing Annual General Meeting.

The meeting commenced at 4:30 p.m. and concluded at 6:45 p.m.

Attachments

LetterNSEBSE.pdf
Total size =375K