Tata Capital Limited has appointed Mr. Kamal Bhatia as its new Chief Risk Officer (CRO) for a period of 2 years, effective July 1, 2026. The appointment follows the resignation of the incumbent CRO, Mr. Nitin Dharma, who is stepping down to pursue other personal and professional interests. The Board of Directors approved the appointment based on the recommendations of the Risk Management Committee and the Nomination and Remuneration Committee. The disclosure was made to the stock exchanges on June 10, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition Details

Mr. Dharma will cease to hold the position of CRO effective the close of business hours on June 30, 2026. However, he will continue in employment with the company until September 7, 2026, to facilitate an orderly transition of responsibilities. The transition ensures continuity in the company's risk management functions as Mr. Dharma departs after a 19-year association with the organization.

Profile of the Incoming CRO

Mr. Kamal Bhatia brings over 24 years of experience in the banking and NBFC sectors to the role. His expertise spans commercial, corporate, and structured credit businesses, including infrastructure financing, working capital, supply chain finance, leasing, and mid-market credit portfolios. He is a qualified Chartered Accountant and holds a Bachelor's degree in Accounting and Taxation.

The following table summarises key details of the appointment and leadership transition:

Professional Background

Prior to this elevation, Mr. Bhatia served as Senior Vice President – Chief Credit Officer, SME Finance at Tata Capital. In that capacity, he oversaw policy frameworks, approval governance, concentration monitoring, and risk appetite implementation across SME, Supply Chain Finance, Leasing, Infrastructure, and Digital Credit businesses. His previous professional stints include tenures at ICICI Bank Limited and Magma Leasing Limited. The company has attached the requisite details and the resignation letter as annexures to the regulatory filing.

Tata Capital shareholders have approved the Material Related Party Transaction(s) with Tata Steel Limited through a postal ballot process. The resolution received 99.98% of the votes in favour, authorizing the company to proceed with the transactions. The approval was secured via remote e-voting, which concluded on June 4, 2026.

The postal ballot was conducted under the provisions of Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations. M/s. Parikh & Associates, Practicing Company Secretaries, oversaw the process to ensure transparency. The remote e-voting facility was provided by the National Securities Depository Limited (NSDL).

A total of 12,63,871 shareholders were eligible to vote as on the cut-off date of May 1, 2026. The voting period commenced on May 6, 2026, and concluded on June 4, 2026. The results were declared on June 5, 2026, and subsequently submitted to the BSE Limited and National Stock Exchange of India Ltd.

Voting Results Summary

The resolution received overwhelming support from public institutions and non-institutional shareholders. Promoters did not participate in the voting process. The detailed voting pattern is as follows:

Scrutinizer's Report

P. N. Parikh of Parikh & Associates was appointed as the Scrutinizer. The report confirmed that 5,709 members voted in favour of the resolution, representing 2,95,59,7800 shares, while 225 members voted against it, representing 45,837 shares. No invalid votes were recorded during the process. The scrutinizer certified that the voting was conducted fairly and in accordance with the applicable regulations.