Tata Capital Begins E-Voting for Rs 15,060 Cr Tata Steel RPT

Tata Capital Limited has commenced the remote e-voting process for its postal ballot notice seeking shareholder approval for material related party transactions with Tata Steel Limited. The notice, issued pursuant to Regulations 30 and 50(2) of the SEBI Listing Regulations, 2015, was sent to members electronically on May 5, 2026. The company has also published the notice in newspapers, including Business Standard and Navshakti, on May 6, 2026.

Proposed Transaction Details

The Audit Committee of Tata Capital has approved transactions with Tata Steel for an aggregate value of up to Rs. 15,060 crore for FY 2026-27. This amount represents 47.75% of Tata Capital's annual consolidated turnover for FY 2025-26 and 6.89% of Tata Steel's annual consolidated turnover for FY 2024-25. The breakdown of the proposed transactions is as follows:

Sr. No.	Nature of Transactions	Amount (Rs. in crore)
1	Finance facilities (Factoring, Leasing, etc.)	15,020
2	Purchase of products/goods/assets	40
	Total	15,060

Relationship and Governance

Tata Steel is an associate of Tata Sons Private Limited (TSPL), the promoter of Tata Capital. TSPL holds 78.8% of Tata Capital and 31.76% of Tata Steel as on March 31, 2026. Consequently, Tata Steel is classified as a related party. The materiality threshold for these transactions is Rs. 2,577 crore, which the proposed value exceeds, necessitating shareholder approval. Mr. Saurabh Agrawal, Chairman of Tata Capital, is deemed interested in the resolution.

Voting Schedule and Process

The postal ballot process is being conducted exclusively through remote e-voting via NSDL. Members whose names appear in the Register of Members as on the Cut-Off Date of May 1, 2026, are eligible to vote. The key dates for the voting process are:

Parameter	Details
Voting Starts	Wednesday, May 6, 2026, at 9:00 a.m. (IST)
Voting Ends	Thursday, June 4, 2026, at 5:00 p.m. (IST)
E-mail Registration Deadline	May 25, 2026, at 5:00 p.m. (IST)
Scrutinizer	Mr. P. N. Parikh or Ms. Jigyasa N. Ved (M/s. Parikh & Associates)

Financing Terms

The proposed finance facilities include factoring and leasing arrangements with tentative interest rates ranging from 9.10% to 10.50%. The maturity period varies from 12 to 84 months, with repayment schedules available monthly, quarterly, or half-yearly. The facilities are secured and unsecured, primarily for the purchase of assets or working capital.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.82%	+0.22%	+5.78%	-0.20%	-1.42%	-1.42%

Tata Capital Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company reported robust performance with 28% YoY growth in Net Assets Under Management (AUM) to ₹2,51,885 Cr (excluding Motor Finance) and 51% YoY growth in Profit After Tax (PAT) to ₹1,459 Cr for Q4FY26. The investor presentation and audio recording of the earnings conference call held on April 23, 2026, are now available on the company's official website.

Q4FY26 Performance Highlights

Particulars	Excluding Motor Finance	Including Motor Finance
Net AUM	₹2,51,885 Cr (28% YoY)	₹2,77,275 Cr (6% QoQ)
PAT	₹1,459 Cr (51% YoY)	₹1,502 Cr (16% QoQ)
Annualized Credit Cost	0.8%	0.9%
GNPA	1.5%	2.0%
NNPA	0.5%	0.9%
Annualized ROA	2.5%	2.3%
Annualized ROE	14.6%	13.9%

Asset Quality and Ratios

The company demonstrated prudent risk management with stable asset quality metrics. Gross Non-Performing Assets (GNPA) stood at 1.5% and Net Non-Performing Assets (NNPA) at 0.5% (excluding Motor Finance), showing improvement from 1.6% and 0.6% respectively in Q3FY26. Including Motor Finance, GNPA improved to 2.0% from 2.2% in Q3FY26, while NNPA stood at 0.9% versus 1.0% in the previous quarter.

The annualized credit cost declined to 0.8% (excluding Motor Finance) compared to 1.0% in Q3FY26, reflecting effective risk management. The cost to income ratio remained efficient at 36.1% for the quarter.

Business Segment Performance

SME loans emerged as the largest segment with Net AUM of ₹75,965 Cr, representing 27.4% of the total portfolio. Home loans followed with ₹44,203 Cr (15.9% share), while loans against property stood at ₹38,812 Cr (14.0% share). Personal and business loans recorded Net AUM of ₹25,053 Cr, comprising 9.0% of the portfolio.

The company's subsidiary, Tata Capital Housing Finance Limited (TCHFL), delivered strong performance with 29% YoY growth in Net AUM to ₹86,653 Cr and 34% YoY increase in PAT to ₹527 Cr. TCHFL maintained best-in-class asset quality with GNPA at 0.7% and NNPA at 0.3%.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Sarita Kamath, Chief Legal and Compliance Officer & Company Secretary of Tata Capital Limited, on April 23, 2026.