General Announcement::Intimation on Tax Deduction

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
19-Aug-2024 22:09:41
Status
New
Announcement Sub Title
Intimation on Tax Deduction
Announcement Reference
SG240819OTHRNG0N
Submitted By (Co./ Ind. Name)
Maloy Kumar Gupta
Designation
Company Secretary
Effective Date and Time of the event
19/08/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
This is with reference to our earlier letter bearing reference no.18404 dated August 19, 2024,
regarding fixation of Record Date for the purpose of determining the names of the holders of
A Ordinary Shares who shall be entitled to receive the consideration as per the Scheme of
Arrangement of Tata Motors Limited ( the Company ) and its shareholders and creditors under
Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 for reduction of share
capital through cancellation and extinguishment of the A Ordinary Share Capital and issuance of
New Ordinary Shares as consideration ( Scheme ).

The cancellation of the A Ordinary Shares and the consequent issuance and allotment of the
Ordinary Shares under the Scheme will be treated as Deemed Dividend under Section 2(22)(d) of
the Income Tax Act, 1961 ( the Act ) to the extent of accumulated profits of the Company as on the
Effective Date and shall be subject to applicable taxes (including deduction/withholding of taxes). The
Company is under an obligation to deduct tax at source ( TDS ) on the said dividend at applicable
rates in accordance with the provisions of the Act.

In this regard, please find enclosed herewith the email communication which is being sent to the A
Ordinary Shareholders of the Company whose email IDs are registered with the
Company/Depositories, giving a gist of the applicable provisions of the Act and requesting for
necessary documentation for any consessional tax rates that any A Ordinary Shareholder may be
entitled to.

This is for information of the Exchanges and the members.

Attachments

taxcommunication.pdf
Total size =1209K