Tata Motors Limited informed the stock exchanges about proposed demerger/restructuring of Tata Motors Limited ("the Company") into two separate listed companies, housing A) the Commercial Vehicles business and its related investments in one entity, and; B) the Passenger Vehicles businesses including PV, EV, JLR and its related investments in another entity. The Board of Directors of the Company at its Meeting held on June 4, 2024, has approved incorporation of a Wholly Owned Subsidiary ("WOS') with the proposed name as "TML Commercial Vehicles Limited" or such other name as may be approved by the Ministry of Corporate Affairs, Government of India. Name of the Target Company, details in brief such as size, turnover, etc.: Proposed Name: TML Commercial Vehicles Limited (`TMLCVL') or such other name as may be approved by the Ministry of Corporate Affairs.

Authorized Share Capital: INR 5,000,000/- divided in to 2,500,000 equity shares of INR 2 each. Whether the acquisition would fall within the related party transaction(s) and whether the promoter /promoter group/group companies have any interest in the entity being acquired: TMLCVL once incorporated will be a related party of the Company. If yes, nature of interest and details thereof and whether the same is done at "arms length": The Company will have 100% holding in TMLCVL.

Industry to which the entity being acquired belongs: Manufacturing of automotive vehicles. Nature of consideration - whether Cash consideration or share swap and details of the same: TMLCVL is proposed to be incorporated with a paid-up capital of INR 1,000,000 comprising of 500,000 equity shares of face value INR 2 each fully paid-up in cash. Percentage of shareholding/control acquired and/or number of shares acquired: TMLCVL is proposed to be a wholly-owned subsidiary of the Company.