General Announcement::Intimation under Regulation 30

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
22-May-2024 22:22:39
Status
New
Announcement Sub Title
Intimation under Regulation 30
Announcement Reference
SG240522OTHR6GV3
Submitted By (Co./ Ind. Name)
Maloy Kumar Gupta
Designation
Company Secretary
Effective Date and Time of the event
23/05/2024 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 ( Listing Regulations ), as amended from time to time, we wish to inform you that the Board of Directors of the Company based on the recommendation of the Nomination and Remuneration Committee at its Meeting held on May 10, 2024 had, inter alia, granted its in-principle approval to the Tata Motors Limited Share-based Long Term Incentive Scheme 2024 ( TML SLTI Scheme 2024 or the Scheme ) and delegated the powers to the ESOP Allotment Committee of the Company to formulate and define the terms and conditions of the Scheme, and ensure that the dilution of promoters shareholding post allotment of Ordinary Shares in the Company remains within the limits approved earlier.
Pursuant to the aforesaid delegated authority, the ESOP Allotment Committee at its meeting held, today, i.e. May 22, 2024, has approved issuance of Performance Share Units ( PSUs ) to the Eligible Employees of the Company and its subsidiary companies as per the SEBI (Share Based Employee Benefits) Regulations, 2021 not exceeding 50,00,000 Ordinary Shares in the Company, subject to approval of the shareholders at the ensuing Annual General Meeting. The aforesaid allotment of Ordinary Shares may lead to a maximum dilution of 0.13% of the total issued share capital of the Company. The disclosure in terms of the SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed herewith as Annexure A.
The Allotment Committee Meeting commenced at 5:30 p.m. (IST) and concluded at 6:20 p.m. (IST)

Attachments

nsebseletterscheme.pdf
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