Tata Motors Limited

09/05/2023 | Press release | Distributed by Public on 09/05/2023 10:03

Allotment of 4,55,218 Ordinary Shares of ₹2 each issued under the Tata Motors Limited Employees Stock Option Scheme 2018 ('TML ESOP SCHEME 2018' OR 'THE SCHEME') - Form 6-K

Allotment of 4,55,218 Ordinary Shares of ₹2 each issued under the Tata Motors Limited Employees Stock Option Scheme 2018 ("TML ESOP SCHEME 2018" OR "THE SCHEME")

Mumbai, September 5, 2023: We invite your kind attention to the series of correspondences in connection with the captioned Scheme and the In-principle approval granted by BSE Limited vide letter dated October 11, 2018 and National Stock Exchange of India Limited vide letter dated November 29, 2018.

In this context we wish to inform that the Allotment Committee of the Company has, on September 4, 2023, approved allotment of 4,55,218 Ordinary Shares of the face value of ₹2 each under the Scheme to the eligible employees pursuant to exercise of stock options at an exercise price of ₹345 per share.

Consequent to the aforesaid allotment, the paid-up Ordinary share capital of the Company stands increased from ₹6,64,42,01,069 divided into 3,32,18,61,782 Ordinary Shares of ₹2 each to ₹6,64,51,11,505 divided into 3,32,23,17,000 Ordinary Shares of ₹2 each (considering the amount of subscribed share capital plus shares forfeited less calls in arrears).

The aforesaid Ordinary Shares shall rank pari passu in all aspects with the existing Ordinary Shares of the Company.

We request the exchanges to take the aforesaid disclosure in their records.

-Ends-

About Tata Motors

Part of the USD 128 billion Tata group, Tata Motors Limited (BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 42 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses, offering extensive range of integrated, smart and e-mobility solutions. With 'Connecting Aspirations' at the core of its brand promise, Tata Motors is India's market leader in commercial vehicles and amongst the top three in the passenger vehicles market.

Tata Motors strives to bring new products that fire the imagination of GenNext customers, fueled by state of the art design and R&D centers located in India, UK, US, Italy and South Korea. With a focus on engineering and tech enabled automotive solutions catering to the future of mobility, the company's innovation efforts are focused to develop pioneering technologies that are sustainable as well as suited to evolving aspirations of the market and the customers. The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by preparing a tailor-made product strategy, leveraging the synergy between the Group companies and playing an active role liasoning with the Government in developing the policy framework.

With operations in India, the UK, South Korea, Thailand, South Africa and Indonesia, Tata Motors' vehicles are marketed in Africa, Middle East, Latin America, South East Asia and South Asian Association for Regional Cooperation (SAARC) countries. As of March 31, 2023, Tata Motors' operations inter alia includes 88 consolidated subsidiaries, 2 joint operations, 3 joint ventures and

numerous equity-accounted associates, including their subsidiaries, in respect of which the company exercises significant influence.

To know more, please visit (www.tatamotors.com; also follow us on Twitter: https://twitter.com/TataMotors)

Media Contact Information:

Tata Motors Corporate Communications: +91 22-66657613 / [email protected]

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