Tata Motors group restructures, impacting ACGL shareholding

Automobile Corporation of Goa Limited (ACGL) announced that 2,982,214 equity shares, representing 48.98% of its paid-up share capital, previously held by Tata Motors Passenger Vehicles Limited (formerly Tata Motors Limited), have been transferred to the newly formed Tata Motors Limited (formerly TML Commercial Vehicles Limited). This transfer is a direct consequence of a Composite Scheme of Arrangement approved by the board of directors of Tata Motors Limited and sanctioned by the National Company Law Tribunal.

Under the scheme, Tata Motors Limited's Commercial Vehicles Business Undertaking was demerged and vested into TML Commercial Vehicles Limited. Subsequently, Tata Motors Limited was renamed Tata Motors Passenger Vehicles Limited, and TML Commercial Vehicles Limited was renamed Tata Motors Limited. The effective date of the scheme resulted in all assets, liabilities, rights, and investments related to the Commercial Vehicles Business being transferred to the new Tata Motors Limited.

ACGL disclosed this change in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The transaction was executed on the BSE Limited, impacting the ownership structure within the broader Tata Motors group.