Regulatory Disclosure under SEBI Listing Regulations

Nature of Disclosure: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding acquisition of customer contracts by wholly-owned subsidiary.

Key Transaction Details:

  • Tata Chemicals North America Inc. (TCNA), a wholly owned subsidiary of Tata Chemicals Limited, has been declared the successful bidder in the Chapter 11 bankruptcy proceedings of Searles Valley Minerals Inc. (SVM), USA
  • Acquisition involves North American soda ash customer contracts representing over 500,000 metric tons of customer orders
  • Contract period extends through December 2028
  • TCNA has entered into an Assignment and Assumption Agreement (ASA) with SVM for the acquisition
  • United States Bankruptcy Court for the District of Delaware has approved the assignment and assumption of specified customer contracts

Financial Consideration:

  • Aggregate cash consideration: USD 21.16 million

Strategic Rationale:

  • Strengthens TCNA's customer portfolio by securing domestic North American customers
  • Enhances ability to build long-term customer relationships and improve customer retention
  • Supports long-term value creation

Transaction Status:

  • Completion remains subject to satisfaction of conditions and other terms set out in the ASA
  • Includes assignment of specified customer contracts and related commercial rights

Nature of Assets Acquired:

  • Acquisition and assignment of certain soda ash customer contracts
  • Includes related commercial rights, customer information, demand forecasts, logistics records
  • Associated contract benefits pertaining to customers located in North America

Geographic Scope:

  • Acquired contracts relate to customers located in North America
  • Customer contracts being acquired from SVM, USA pursuant to US Bankruptcy Court order

Execution Timeline:

  • Acquired customer contracts expected to be serviced from September 2026 through December 2028
  • Service to be performed in accordance with respective contractual terms

Related Party Disclosure:

  • No interest by promoter, promoter group, or group companies of Tata Chemicals Limited in SVM or the customer contracts being acquired
  • Transaction does not constitute a related party transaction
  • Not covered under related party transaction provisions of SEBI Listing Regulations

Regulatory Compliance:

  • Disclosure made pursuant to Regulation 30 of SEBI Listing Regulations
  • Details provided as required under Schedule III read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Intimation also available on company website at www.tatachemicals.com