“We hereby want to inform that pursuant to the Order dated March 25, 2025, (“Order”) the Hon’ble Nationwide Firm Regulation Tribunal, Mumbai Bench (“NCLT”) within the Firm Scheme Software No. C.A.(CAA)/61/MB/2025, Assembly of the Fairness Shareholders of Tata Motors Restricted (“the Firm”) is scheduled to be held on Tuesday, Could 6, 2025 at 3.00 p.m (IST),” Tata Motors mentioned in an alternate submitting.
The assembly, to be held through video conferencing, follows an order from the Nationwide Firm Regulation Tribunal (NCLT), Mumbai Bench, dated March 25.
The restructuring proposal, if accepted, will result in the demerger of the corporate’s Business Autos (CV) enterprise into a brand new entity, TML Business Autos Restricted, and the merger of Tata Motors Passenger Autos Restricted (TMPV) into the mum or dad firm, Tata Motors Restricted.
The Composite Scheme of Association contains:
- Switch of the Business Autos enterprise from Tata Motors Restricted to TML Business Autos Restricted by a demerger.
- Amalgamation of TMPV into Tata Motors Restricted to consolidate the passenger automobile operations.
- Issuance of shares to eligible shareholders as per the share entitlement ratio, based mostly on an impartial valuation report from PwC and a equity opinion by SBI Capital Markets.
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Shareholders as of the deadline, i.e, March 28, will probably be eligible to vote electronically both earlier than or through the assembly utilizing the NSDL e-voting platform.On the time of asserting its demerger plan, Tata Motors specified that the share entitlement ratio can be 1:1, which means shareholders will retain equal possession stakes in each the listed entities—Tata Motors Passenger Autos and TML Business Autos. As per the scheme, “every shareholder of TML will obtain one fairness share of face worth Rs 2 in TMLCV for each one fairness share of Rs 2 held in Tata Motors Restricted.”(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t signify the views of The Financial Occasions)
