Tata Motors Limited has informed the Exchange regarding Proceedings of Court Convened General Meeting held on May 06, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
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Tata Motors shareholders approved a Composite Scheme of Arrangement at an NCLT-convened meeting held on May 6, 2025, via video conferencing. The scheme restructures the relationship between Tata Motors Limited, TML Commercial Vehicles Limited, and Tata Motors Passenger Vehicles Limited. Out of around 2,730.88 crore shares that were voted (74.18% of total outstanding equity shares), 99.9995% voted in favour of the resolution, with only 13,716 shares (held by 70 shareholders) voting against. The Scrutinizer confirmed the resolution was passed with the requisite majority, with promoter group, public institutions, and public non-institutions all overwhelmingly supporting it. The scheme still requires final sanction from the NCLT and other regulatory approvals before it can take effect.
This is a significant step forward in the planned restructuring of Tata Motors into separate commercial vehicle and passenger vehicle entities, unlocking the next phase of NCLT and regulatory clearances. For shareholders, the near-unanimous approval reduces execution risk, though the actual demerger benefits will only materialise after the scheme receives final NCLT sanction.