Tata Motors Limited has informed the Exchange regarding Notice of Court Convened General Meeting to be held on May 06, 2025
TMPV · price
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Tata Motors Limited has informed the exchanges that the National Company Law Tribunal (NCLT), Mumbai Bench, has ordered a meeting of its equity shareholders on Tuesday, May 6, 2025, at 3:00 p.m. (IST) via video conferencing. The meeting will consider a Composite Scheme of Arrangement involving Tata Motors Limited (TML), TML Commercial Vehicles Limited (TMLCV) and Tata Motors Passenger Vehicles Limited (TMPV) and their respective shareholders. The scheme effectively proposes the demerger of the commercial vehicles business into TMLCV (the resulting company) and the amalgamation of TMPV (passenger vehicles) into TML. BSE and NSE have already issued no-objection/no-adverse-observation letters in February 2025, and the scheme is supported by a share entitlement ratio report from PwC (dated August 1, 2024) and a fairness opinion from SBI Capital Markets. Remote e-voting runs from May 2, 2025 to May 5, 2025, with the cut-off date for eligibility set as April 29, 2025. The resolution requires a majority of three-fourths in value of shares voted to pass.
This is a major corporate restructuring move for Tata Motors that will separate its commercial vehicles business into a new listed/unlisted entity and fold the passenger vehicles arm back into the parent. Shareholders should review the scheme documents carefully and participate in the e-voting window, as the outcome will reshape the group's structure and could affect how each business is valued going forward.