Deals26 Sept 2025, 07:21 pm
Tata Motors Receives NCLT Order for Composite Scheme of Arrangement
AI Summary
Tata Motors Ltd has received a certified true copy of the Order from the Hon'ble Mumbai Bench in the matter of the Composite Scheme of Arrangement amongst Tata Motors Limited, TML Commercial Vehicles Limited and Tata Motors Passenger Vehicles Limited. The Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench had sanctioned the Scheme under Sections 230-232 of the Companies Act, 2013. The Scheme will become effective on October 1, 2025, and the Company will notify the Effective Date and the Record Date for determining the Shareholders of the Company who shall be entitled to receive one fully paid equity share in TMLCV for every one fully paid equity share of the Company.
Key Highlights
- Tata Motors has received a certified true copy of the NCLT Order for the Composite Scheme of Arrangement.
- The Scheme includes the demerger of the commercial vehicles business of Tata Motors into TML Commercial Vehicles Limited and the merger of Tata Motors Passenger Vehicles Limited into Tata Motors Limited.
- The Scheme is expected to become effective on October 1, 2025.
- The Record Date for determining the Shareholders of the Company who shall be entitled to receive one fully paid equity share in TMLCV for every one fully paid equity share of the Company will be communicated separately.