BSECompany Update21 Aug 2026 · 21 Aug 2026, 08:20 pm
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we are enclosing herewith an intimation regarding receipt of a compounding order from the Reserve Bank of India, the content ....
Tata Motors Passenger Vehicles Ltd · 500570
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Tata Motors Passenger Vehicles Ltd has received a compounding order from the Reserve Bank of India for a historical FEMA compliance issue pertaining to an overseas investment in 2015. The company is required to pay a compounding amount of ₹2,00,000. The matter relates to a historical structure which ceased to exist in March 2022.
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Tata Motors Passenger Vehicles Ltd - 500570 - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Compounding Order Received From The Reserve Bank Of India
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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 (E), Mumbai 400 051
August 21, 2026
Sc no - 18980
Dear Sir/Madam,
Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) -
Compounding Order received from the Reserve Bank of India
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations, we
wish to inform you that the Reserve Bank of India, Foreign Exchange Department, Mumbai, vide its Order
dated August 20, 2026, has directed Tata Motors Passenger Vehicles Limited (formerly Tata Motors
Limited) (‘the Company’) to pay a compounding amount of ₹2,00,000/- (Rupees Two Lakh only), in
respect of a non-compliance under Regulation 5(1) of the Foreign Exchange Management (Transfer and
Issue of any Foreign Security) Regulations, 2004. The matter relates to a historical FEMA compliance
issue pertaining to an overseas investment in the year 2015. Subsequently in March 2022, the investment
was divested. Accordingly, the underlying investment is no longer held by the Company and the
compounding relates to the resolution of a historical compliance matter.
In this regard, we are enclosing herewith relevant details as required 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.
This is for information of the Exchanges and the Members.
Yours faithfully,
Tata Motors Passenger Vehicles Limited
(formerly Tata Motors Limited)
Maloy Kumar Gupta
Company Secretary & Chief Legal Officer
Encl: as above
Annexure A
Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read along with the 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 Authority Reserve Bank of India, Foreign Exchange
Department, Mumbai (‘RBI’)
2 Nature and details of the action(s) taken or The Company had filed an application for
order(s) passed compounding of a non-compliance under the
provisions of the Foreign Exchange Management
Act, 1999 and the regulations framed thereunder.
The non-compliance pertained to the creation of
an ODI-FDI structure in the year 2015, without
prior approval of the RBI, as required under
Regulation 5(1) of the Foreign Exchange
Management (Transfer and Issue of any Foreign
Security) Regulations, 2004.
RBI has, vide its Compounding Order dated
August 20, 2026, levied a compounding amount
of ₹2,00,000/- (Rupees Two Lakh only). The
matter relates to a historical structure which
ceased to exist in March 2022.
The Company is in the process of making the
payment of the compounding amount of
₹2,00,000/- (Rupees Two Lakh only).
3 Date of receipt of direction or order, August 20, 2026
including any ad-interim or interim orders,
or any other communication from
the authority
4 Details of the violation(s)/contravention(s) The non-compliance related to the existence of an
committed or alleged to be committed ODI-FDI structure in the year 2015 involving an
indirect holding of a step-down subsidiary in India
through a foreign entity in respect of which
overseas direct investment had been made,
without prior approval of RBI and was treated as
a non-compliance of Regulation 5(1) of the
Foreign Exchange Management (Transfer and
Issue of any Foreign Security) Regulations, 2004.
5 Impact on financial, operation or other There is no material impact on the financial,
activities of the listed entity, quantifiable in operational or other activities of the Company on
monetary terms to the extent possible account of the aforesaid Order.