Tata Motors Demerger Updates:

The share entitlement ratio for the

demerger has been set at 1:1, meaning that shareholders of Tata Motors will receive one equity share of TML Commercial Vehicles Limited for every one share held in Tata Motors as of the Record Date October 14, 2025. The record date for the demerger is today, October 14, 2025, marking the day from which Tata Motors shares will trade ex-commercial vehicle (CV) business. The demerger officially came into effect on October 1, 2025. The company has designated Tuesday, October 14, 2025, as the record date to determine the eligibility of shareholders entitled to receive shares of the newly formed entity. Demerger Highlights Under the approved demerger structure: Tata Motors Ltd will remain a listed company. It will be renamed Tata Motors Passenger Vehicles Limited (TMPV) and will continue to manage the passenger vehicle, electric vehicle (EV), and Jaguar Land Rover (JLR) businesses. TML Commercial Vehicles Limited will be renamed Tata Motors Limited and will oversee the commercial vehicle division. During the special pre-open session (9:00 AM – 10:00 AM), the price discovery process determined the listing price of the demerged entity. Tata Motors Passenger Vehicles Limited began trading at ₹400 per share on NSE and ₹399 per share on BSE. As per the 1:1 entitlement ratio, shareholders will receive one fully paid-up equity share of face value ₹2 each in TML Commercial Vehicles Limited for every one fully paid-up equity share of face value ₹2 each held in Tata Motors as of the record date. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.