Tata Motors Limited has informed the Exchange about change in Management
TMPV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tata Motors has received the certified NCLT order approving its Composite Scheme of Arrangement, making the demerger effective October 1, 2025. The Commercial Vehicles business will demerge into TML Commercial Vehicles Limited (to be renamed Tata Motors Limited), while the current Tata Motors will be renamed Tata Motors Passenger Vehicles Limited, housing the passenger vehicle business. Shareholders will get 1 share of the new TMLCV for every 1 Tata Motors share held. As part of the board reconstitution, 3 independent directors stepped down, Mr Shailesh Chandra was appointed as MD & CEO, Mr Girish Wagh resigned as Executive Director, Mr P B Balaji resigned as Group CFO (to become CEO of JLR UK), and Mr Dhiman Gupta took over as CFO. About Rs 2,300 crore of NCDs will transfer to the new commercial vehicles entity.
Shareholders will hold shares in two separate listed entities post-October 1, 2025, with identical shareholding mirroring the current structure. The split is expected to unlock value by giving each business sharper strategic focus and separate capital allocation, though investors should watch for record date announcements and potential tax implications of the demerger.