Acquisition

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 28, 2026 Sc no - 126 Dear Sirs/Madam, Sub: Acquisition of 26% stake in Mateshwari E-Smart Mobility (Hyderabad) Private Limited by TML Smart City Mobility Solutions Limited, a wholly owned subsidiary of Tata Motors Limited (formerly TML Commercial Vehicles Limited) (“the Company”) Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read along with Para A of Part A of Schedule III (“SEBI Listing Regulations”), we wish to inform you that TML Smart City Mobility Solutions Limited (“TSCMSL”), the Company’s wholly owned subsidiary, has invested an amount of ₹2,60,000/- in Mateshwari E-Smart Mobility (Hyderabad) Private Limited (“MEMHPL”) constituting 26% in the paid up share capital in MEMHPL. Hence, pursuant to said investment, MEMHPL became an Associate of the Company. We are enclosing herewith the details as required under the SEBI Listing Regulations read alongwith the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. (Annexure A). We request the Exchanges to take the aforesaid disclosure on their records. Yours faithfully, Tata Motors Limited (formerly TML Commercial Vehicles Limited) Ranjan Kumar General Counsel and Company Secretary Encl: as above Annexure A Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 Sr. Particulars Details 1. Name of the Target Name: Mateshwari E-Smart Mobility (Hyderabad) Private Company, details in brief Limited (“MEMHPL”) CIN : U49221RJ2026PTC117000 such as size, turnover, etc. Authorized Share Capital: ₹10,00,000/- Paid up Capital: ₹10,00,000/- Size/Turnover: Not Applicable, since MEMHPL was incorporated on August 11, 2026 2. Whether the acquisition This acquisition will not fall under the related party transaction. would fall within the related However, post-acquisition, MEMHPL will become an associate party transaction(s) and company of the Company and consequently a related party. whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arms length" 3. Industry to which the entity Service Sector being acquired belongs 4. Objects and impact of The Company, through its wholly owned subsidiary, is acquisition (including but not participating in the tenders issued by various Municipal limited to disclosure of Corporations for the operations and maintenance of electric reasons for acquisition of buses. TSCMSL, along with Mateshwari Urban Transport target entity, if its business is Solutions Private Limited, (a holding company of MEMHPL), has outside the main line of been awarded the tender for the operation and maintenance of business of the listed entity) Electric busses under The Telangana State Road Transport Corporation. Accordingly, the acquisition of MEMHPL for the purpose of operations and maintenance of electric buses falls within the business objects of the Company. 5. Brief details of any Nil governmental or regulatory approvals required for the acquisition 6. Indicative time period for September 28, 2026 completion of the acquisition 7 Consideration-whether Cash ₹2,60,000/- consideration or share swap Cash consideration paid towards acquisition of the equity shares and details of the same by way of transfer from the existing shareholder of MEMHPL. 8 Cost of acquisition or the The cost of acquisition is ₹10 per share, at par, aggregating to price at which shares are ₹2,60,000/- acquired 9 Percentage of shareholding / TSCMSL, the Company’s wholly owned subsidiary, acquired control acquired and / or 26,000 equity shares of ₹10 each, at par of MEMHPL, i.e., 26% number of shares acquired stake in MEMHPL. 10 Brief background about the Mateshwari E-Smart Mobility (Hyderabad) Private Limited was entity acquired in terms of incorporated on August 11, 2026 under the Companies Act, products/line of business 2013, to carry out the business of E-Mobility. acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief)