Prominent investor Radhakishan Shivkishan Damani has executed a significant divestment in Tata Motors, selling 1.6 million shares through a block deal transaction on the BSE. The transaction data was reported by the Bombay Stock Exchange, highlighting a notable change in shareholding pattern for the automotive manufacturer.

Transaction Details

The share sale was conducted through a block deal mechanism, which allows for large-volume transactions to be executed outside regular trading hours. Block deals are typically used by institutional investors and high-net-worth individuals to trade substantial quantities without impacting market prices during regular trading sessions.

Market Implications

Damani's decision to reduce his stake in Tata Motors represents a significant portfolio adjustment by one of India's well-known investors. The transaction involves a substantial number of shares, indicating a material change in his investment position in the automotive sector. Such large-scale transactions by prominent investors are closely monitored by market participants as they can provide insights into investment sentiment and portfolio rebalancing strategies.

Tata Motors Passenger Vehicles Limited (formerly Tata Motors Limited) has announced the cessation of Mr Om Prakash Bhatt as Independent Director, effective March 8, 2026. The departure marks the end of his tenure after completing his second consecutive term upon reaching the retirement age as per company governance guidelines.

Regulatory Compliance and Disclosure

The company has informed both BSE Limited and the National Stock Exchange of India Limited about this board change in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Maloy Kumar Gupta, Company Secretary & Chief Legal Officer, and submitted to the exchanges on March 8, 2026.

Director Details and Cessation Particulars

Regulatory Framework

The disclosure follows the requirements under SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The company has provided comprehensive details in Annexure A, covering all mandatory particulars required under the SEBI Listing Regulations for director cessation notifications.

Company Information

Tata Motors Passenger Vehicles Limited, formerly known as Tata Motors Limited, operates from Bombay House, Fort Mumbai. The company maintains its investor relations and corporate information on its website at www.cars.tatamotors.com . The cessation information has been made available to both exchange members and the general public through appropriate disclosure channels.