Tata Motors Passenger Vehicles Limited has allotted 1,00,596 equity shares of ₹2 each fully paid up under the Tata Motors Passenger Vehicles Limited Share-based Long Term Incentive Scheme 2021 ('the Scheme').
The allotment was approved by the Allotment Committee of the company on September 21, 2026, pursuant to the exercise of 1,00,596 Performance Share Units at an exercise price of ₹2 per share.
Consequent to this allotment, the paid-up equity share capital of the company has increased from ₹7,36,62,60,593 (divided into 3,68,28,91,544 equity shares of ₹2 each) to ₹7,36,64,61,785 (divided into 3,68,29,92,140 equity shares of ₹2 each). This calculation considers the amount of subscribed share capital plus shares forfeited less calls in arrears.
The newly allotted equity shares shall rank pari-passu in all aspects with the existing equity shares of the company.
The scheme complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and received in-principle approval from National Stock Exchange of India Limited (September 24, 2021) and BSE Limited (September 27, 2021).
Additional Announcements:
The filing serves as an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.