Tata Motors transfers ACGL stake after demerger

Effective October 1, 2025, Tata Motors Limited (formerly TML Commercial Vehicles Limited) acquired 2,982,214 equity shares, representing 48.98% of Automobile Corporation of Goa Limited (ACGL)'s paid-up share capital. This acquisition was an off-market transfer executed on November 18, 2025, as part of a Composite Scheme of Arrangement approved by the National Company Law Tribunal.

The scheme involved the demerger of Tata Motors Limited's Commercial Vehicles Business into TML Commercial Vehicles Limited (now renamed Tata Motors Limited). Consequently, the ACGL shareholding, previously held by Tata Motors Limited (now renamed Tata Motors Passenger Vehicles Limited), was transferred to the newly renamed Tata Motors Limited.

Before this acquisition, the acquiring entity held no shares or voting rights in ACGL. Post-acquisition, the total voting capital of ACGL is 29,822,140 equity shares of ₹10 each. This disclosure was made in compliance with SEBI regulations.