Tata Motors Limited announced the allotment of 3,68,23,31,373 fully paid-up equity shares (face value of ₹2 each) to equity shareholders, pursuant to the composite scheme of arrangement. This follows the sanction of the scheme by the National Company Law Tribunal. Simultaneously, the entire pre-scheme paid-up share capital of TML Commercial Vehicles Limited (TMLCV), comprising 5,00,000 shares, has been cancelled and reduced. Effective October 15, 2025, TMLCV is no longer a wholly-owned subsidiary.
Equity Share Allotment
Tata Motors Limited (TML) has announced the allotment of 3,68,23,31,373 fully paid-up equity shares with a face value of ₹2 each. The allotment is pursuant to the Composite Scheme of Arrangement amongst Tata Motors, TML Commercial Vehicles Limited (TMLCV), and Tata Motors Passenger Vehicles Limited (TMPV).
Scheme Sanction and Implementation
The scheme was sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench. The announcement, dated October 15, 2025, follows earlier intimation on October 1, 2025, regarding the effectiveness of the scheme. The ratio of allotment is 1:1 to the equity shareholders.
TMLCV Share Capital Reduction
As part of the scheme, the entire pre-Scheme paid-up share capital of TMLCV, consisting of 5,00,000 fully paid-up equity shares of ₹2 each, has been cancelled and reduced. These shares were entirely held by the Company.
Subsidiary Status Change
Effective October 15, 2025, TMLCV ceases to be a wholly-owned subsidiary of Tata Motors, in accordance with the scheme.
Listing and Trading
TMLCV will undertake necessary steps to facilitate the listing and trading of the newly allotted equity shares on BSE Limited and National Stock of India Limited.
Source: BSE
