Tata Motors Ltd

Debt Securities Private Placement

• Issuer: Tata Motors Limited; ISIN INE1TAE08049 (E-28B Series); issued Feb 26, 2020.
• Maturity Dec 30, 2026; coupon 8.00%; annual payments; amount issued 250 crore.
• Issuer: Tata Motors Limited; Tranche I-II; ISIN INE1TAE08056; issued Feb 26, 2020.
• Maturity Jan 29, 2027; coupon 8.00%; amount outstanding 250 crore.
• Issuer: Tata Motors Limited; ISIN INE1TAE08015 (E-31 A Series); Tranche I; issued Mar 27, 2025.
• Maturity Mar 26, 2027; coupon 7.65%; annual payments; amount issued 500 crore.
• Issuer: Tata Motors Limited; ISIN INE1TAE08023 (E-31 A Series); Tranche III; issued Mar 27, 2025.
• Maturity Mar 27, 2028; coupon 7.65%; annual payments; amount outstanding 800 crore.

Target overview

• Target: MEMHPL, Hyderabad-based E-mobility services provider.
• Incorporated 11 Aug 2026; CIN U49221RJ2026PTC117000.

Deal details

• TSCMSL acquired 26,000 equity shares at ₹10 each.
• Cash consideration ₹2.6 lakh.
• Stake acquired: 26% in MEMHPL.
• Completion date: indicative on 28 Sep 2026.
• Acquisition by wholly owned subsidiary; MEMHPL becomes associate.

Regulatory status

• Regulatory approvals: Nil.
• Not a related party at acquisition; MEMHPL becomes associate and related party post-investment.

Strategic rationale

• Purpose: participate in municipal tenders for O&M of electric buses.
• Within core business: O&M of electric buses for Telangana RTC.

Target background

• Industry: Service Sector.
• Presence: Hyderabad, India.
• Incorporation date: 11 Aug 2026.
• Recent turnover: not disclosed due to recent incorporation.
• Business scope: E-mobility operations.

ESG rating update

• ESG score of 75.3 (Adjusted) and rating B+ for FY2025-26 assigned by SES ESG.
• Company notes it did not engage SES ESG; assessment based on publicly available disclosures.
• Intimation filed under SEBI Listing Regulations for ESG rating.
• SES ESG independently prepared the report based on public-domain information.

Meeting Details

• Date: October 23, 2026.
• Time and location not disclosed.

Key Agenda Items

• Approve Audited Standalone and Unaudited Consolidated Results (with Limited Review) for Q2 and H1 ended Sep 30, 2026.

Other Notes

• Trading window closed from September 23, 2026 for 48 hours after results publication.
• Analyst/Investors' call to be scheduled on the same day, hosted on the company website.

Tata Motors Limited trading window closed from September 23, 2026 in view of the declaration of the Financial Results for the second quarter and half year ended September 30, 2026; The Trading Window will open 48 hours after the said Financial Results are declared to the Stock Exchanges.

Pricing action

• Prices for commercial vehicles to rise up to 1%.
• Effective 1 October 2026, varying by model and variant.
• Reason: offset rise in commodity and other input costs.

Composite Amalgamation notices

• NCLT Mumbai Bench ordered Sept 2, 2026 for the scheme.
• Notices under Sections 230-232 of the Companies Act are being sent.
• Scheme merges TMF Holdings and TMF Business Services into Tata Motors Limited.
• Amalgamating entities are direct/indirect wholly owned subsidiaries.
• Shareholders and creditors meetings have been dispensed with; representations sought instead.
• Notices will be available on Tata Motors' composite scheme website.
• Filing complies with SEBI LODR Regulation 30; information is for Exchanges and Members.

Meeting Details

• Date and time: September 22, 2026, 10:00 AM IST.
• Meeting type and mode: physical group meeting.
• Event: Analysts/Institutional Investors Meeting.
• Key company participants: General Counsel and Company Secretary.
• Purpose: investor interaction with analysts and institutional investors.

Allotment details

• Allotted 89,048 equity shares under LTIS to employees at ₹2 exercise price.
• Paid-up capital increased to ₹7,36,55,78,704; shares rank pari passu.

Regulatory clearances obtained

• TML CV Holdings B.V. confirms all sector regulatory approvals for the IVG offer have been obtained.

Next steps

• The offer document will be published after Consob completes its review.

Geographic scope

• The Offer is to be promoted in Italy and extended to the United States.

Regulatory risk and disclosures

• US regulatory risk warnings and cross-border considerations apply to IVG shareholders.

Status as of date

• As of today, all sector regulatory authorisations required for the Offer have been obtained.