NSEGeneral Updates9 Sept 2026 · 9 Sept 2026, 11:12 pm

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Tata Motors Limited · TMCV

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Tata Motors Limited has informed the Exchange about notices to Shareholders and Creditors regarding Composite Scheme of Amalgamation amongst Tata Motors Limited, TMF Holdings Limited and TMF Business Services Limited.

Analysis Scores

Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10

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Full Announcement

Tata Motors Limited has informed the Exchange about notices to Shareholders and Creditors regarding Composite Scheme of Amalgamation amongst Tata Motors Limited, TMF Holdings Limited and TMF Business Services Limited.

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TMLCOMMERCIAL_09092026231222_NSEBSETMF.pdf

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BSE Limited National Stock Exchange of India Ltd. First Floor, New Trading Ring Listing Compliance Department Rotunda Building, P J Towers, Exchange Plaza, Bandra Kurla Complex, Bandra Dalal Street, Fort, Mumbai 400 001 (E), Mumbai 400 051 September 9, 2026 Sc no. – 121 Dear Sir/Madam, Sub: Notices to Shareholders and Creditors regarding Composite Scheme of Amalgamation amongst Tata Motors Limited, TMF Holdings Limited and TMF Business Services Limited Further to our letter dated January 29, 2026, and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that in compliance with the order of the Hon’ble National Company Law Tribunal, Mumbai Bench dated September 2, 2026 (“Order”), the notices regarding the Composite Scheme of Amalgamation amongst Tata Motors Limited (formerly known as TML Commercial Vehicles Limited) (“Amalgamated Company” “Company”), TMF Holdings Limited (“Amalgamating Company 1”), and TMF Business Services Limited (“Amalgamating Company 2”) and their respective shareholders under Sections 230 to 232 of the Companies Act, 2013 (“Scheme”) are being sent out to the equity shareholders, secured creditors and unsecured creditors (including debenture holders) of the Company. The Scheme provides for the merger of Amalgamating Company 1 and Amalgamating Company 2 (being direct and indirect wholly owned subsidiaries of the Company respectively) with the Company. While the meetings of shareholders, secured creditors and unsecured creditors of the Company have been dispensed with pursuant to the Order, the Company has been directed to send notices to them to seek their representations to the Scheme, if any. Copies of the notices sent to shareholders, secured creditors and unsecured creditors (including debenture holders) shall be available on the website of the Company at https://cv.tatamotors.com/composite-scheme-of-amalgamation-between-tml-tmfhl-tmfbsl-and-their- respective-shareholders This is for information of the Exchanges and the Members. Yours faithfully, Tata Motors Limited (formerly TML Commercial Vehicles Limited) Ranjan Kumar General Counsel and Company Secretary