Outcome of Board Meeting

BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 October 31, 2026 Sc no.: 152 Dear Sir/Madam, Sub: Disclosure under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) - Change in Statutory Auditors Pursuant to Regulations 30 and 51 read with Schedule III of the SEBI Listing Regulations, we hereby inform you that the Board of Directors of Tata Motors Limited (formerly TML Commercial Vehicles Limited) (“the Company”), at its Meeting held today, i.e., October 31, 2026, has transacted the following business: 1. Cessation of Statutory Auditors: Took note of the resignation of M/s. B S R & Co. LLP, Chartered Accountants (Firm Registration No. 101248W/W-100022), from the position of Statutory Auditors of the Company, with effect from October 30, 2026. There are neither any concerns raised by the resigning auditor with respect to the management of the Company nor any material reasons for the resignation other than those stated in the resignation letter. 2. Appointment of Statutory Auditors: Approved the appointment of M/s. Deloitte Haskins & Sells LLP (Firm Registration No. 117366W/W-100018), Chartered Accountants, as the Statutory Auditors of the Company (based on the recommendation of the Audit Committee) with effect from October 31, 2026, to fill the casual vacancy caused due to the resignation of M/s. B S R & Co. LLP, subject to the approval of the Members of the Company. We are enclosing herewith the following: a) Relevant details as prescribed under the SEBI Listing Regulations, read with the SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as Annexure A. b) Copy of the resignation letter received from M/s. B S R & Co. LLP as Annexure B. The Board Meeting commenced at 1.30 p.m. (IST) and concluded at 2:00 p.m. (IST). This is for your information and records. Yours faithfully, Tata Motors Limited (formerly TML Commercial Vehicles Limited) Ranjan Kumar General Counsel & Company Secretary Encl: as above Annexure - A Details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026: Sr. Details of Particulars No. M/s. B S R & Co. LLP M/s. Deloitte Haskins & Sells LLP 1. Reason for change viz. Resignation as Appointment as Statutory Auditors of appointment, Statutory Auditors of the the Company to fill the casual vacancy re-appointment, Company as stated in caused by the resignation of resignation, removal, the resignation letter. M/s. B S R & Co. LLP. death or otherwise 2. Date of appointment / re- Date of Resignation: Date of Appointment: appointment/ cessation (as applicable) & term of October 30, 2026. October 31, 2026, subject to the appointment/ approval of Members of the Company. re-appointment M/s. Deloitte Haskins & Sells LLP shall hold the office until the conclusion of the 3rd Annual General Meeting. 3. Brief profile (in case of N.A. Deloitte Haskins & Sells, Mumbai was appointment) constituted in 1997 and has been converted to a Limited Liability Partnership (LLP), with the name M/s. Deloitte Haskins & Sells LLP (“DHS LLP”), w.e.f. November 20, 2013. DHS LLP is registered with the Institute of Chartered Accountants of India (Firm Registration No. 117366W/W-100018) and is part of Deloitte Haskins & Sells & Affiliates being the Network of Firms registered with the ICAI. The registered office of the Firm is One International Center, Tower 3, 31st Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai - 400013, Maharashtra, India. 4. Disclosure of N.A. N.A. relationships between directors (in case of appointment of a Director) Annexure B B S R & Co. LLP 14th Floor, Central B Wing and North C Wing Nesco IT Park 4, Nesco Center Chartered Accountants Western Express Highway Goregaon (East), Mumbai – 400 063, India Telephone: +91 (22) 6257 1000 Fax: +91 (22) 6257 1010 The Board of Directors Tata Motors Limited (Formerly TML Commercial Vehicles Limited) Bombay House 24, Homi Mody Street Mumbai 400 001 30 October 2026 Dear Sirs, We were appointed as statutory auditors of Tata Motors Limited (‘the Company’) (formerly known as TML Commercial Vehicles Limited) in the first AGM held on 26 September 2025 for a period of 5 years until the conclusion of the sixth AGM to be held in 2030. We have completed the audit of the interim standalone condensed financial statements and financial results and limited review of the interim consolidated condensed financial statements and financial results of the Company for the quarter ended 30 September 2026 and issued our reports dated 23 October 2026. We refer to our recent discussions with the management, those charged with governance and the subsequent communication dated 30 October 2026 received from the Company in respect of the proposed change of statutory auditors of the Company. We understand that the Company’s acquisition of Iveco Group N.V. (“Iveco”) is getting completed today. We are informed by the Company that post completion of the acquisition, Iveco is expected to become a subsidiary of the Company and the financial statements of Iveco will be consolidated with the consolidated financial statements of the Company, and for synergies and maintaining consistency in the audit process with the audit firm of Iveco and the statutory auditors of the Company, the Company has expressed its intention to align the auditors within the group post the above acquisition. Based on the above and as mutually agreed with the Company, we hereby resign as the statutory auditors of the Company with immediate effect. Please find attached completed Annexure A, with regard to the information to be obtained by the Company from the auditors for the resignation as required by Section V-D of SEBI Master circular no. SEBI/HO/49/14/14(7)2025-CFD-PoD2/I/3762/2026 dated 30 January 2026, pertaining to ‘Resignation of statutory auditors from listed entities and their material subsidiaries'. B S R & Co. (a partnership firm with Registration No. Registered Office: BA61223) converted into B S R & Co. LLP (a Limited 14th Floor, Central B Wing and North C Wing, Nesco Liability Partnership with LLP Registration No. AAB- IT Park 4, Nesco Center, Western Express Highway, 8181) with effect from October 14, 2013 Goregaon (East), Mumbai - 400063 B S R & Co. LLP As per the requirement of the Companies Act, 2013, we shall be forwarding the copy of the ADT-3, as filed with ROC, in due course. Yours faithfully, For B S R & Co. LLP Chartered Accountants ICAI Firm Registration Number: 101248W/W-100022 Vijay Digitally signed by Vijay Mathur Mathur Date: 2026.10.30 Vijay Mathur 21:21:08 +05'30' Partner Membership No: 046476 Annexure A Disclosure of information from the statutory auditor upon resignation Sr. Particulars Details 1. Name of the listed entity/ material subsidiary Tata Motors Limited (formerly TML Commercial Vehicles Limited) 2. Details of the statutory auditor: a. Name B S R & Co. LLP b. Address 14th floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Centre, Goregaon (East), Mumbai - 400063 c. Phone Number 022 62571000 d. Email vijaymathur@bsraffiliates.com 3. Details of association with the listed entity/ material subsidiary: a. Date on which the statutory auditor 26 September 2025 was appointed b. Date on which the term of the statutory Conclusion of the sixth AGM to be held in 2030 auditor was scheduled to expire c. Prior to resignation, the latest audit Audit report/Limited review report dated report/limited review report 23 October 2026 on the stand alone/consolidated submitted by the auditor and date of its financial results for the quarter ended 30 submission September 2026 4. Detailed reasons for resignation: [Showing first 8,000 characters — download PDF for full document]