Tata Motors Limited (formerly TML Commercial Vehicles Limited) has informed the stock exchanges of key personnel changes at the level of Key Managerial Personnel (KMP) and Senior Management Personnel (SMP), as approved by its Board of Directors at a meeting held on May 13, 2026. The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 11:30 a.m. (IST) and concluded at 3:55 p.m. (IST).

Leadership Transitions at a Glance

The following changes in KMP and SMP were noted and approved by the Board, based on the recommendation of the Nomination and Remuneration Committee:

Changes in Key Managerial Personnel

Mr Sudipto Kumar Das has tendered his resignation as Company Secretary & Compliance Officer and KMP of the Company, effective June 1, 2026, citing a proposed transition to another company within the Group. In his resignation letter, Mr Das acknowledged the Board and Senior Management for entrusting him with the responsibility of incorporating the Company, listing it on the stock exchanges, and establishing the secretarial processes of a listed entity. Succeeding him is Mr Ranjan Kumar, whose appointment as Company Secretary & Compliance Officer and KMP takes effect from June 1, 2026.

Profile of Incoming Company Secretary — Mr Ranjan Kumar

Mr Ranjan Kumar brings over 25 years of experience across the domains of Legal, Secretarial, Ethics, Corporate Affairs, and Sustainability, spanning India and South-East Asian markets. He joins the Company from SKF India Limited, where he served as Director – Ethics, Legal, Sustainability & Corporate Affairs, with responsibility covering India, South-East Asia, and the Middle East. His prior experience includes tenures at Carlsberg India, Coca-Cola, Vodafone, and Dabur Ayurved.

His key qualifications and credentials include:

• Member of the Institute of Company Secretaries of India (ICSI) | ACS No.: 16192
• Bachelor of Laws (LLB) from the University of Delhi
• Bachelor of Science in Mathematics (Honours) from Ranchi University
• Date of Birth: 27th November 1975

Mr Kumar has demonstrated expertise in corporate legal strategy, regulatory compliance, governance, risk management, commercial contracting, and dispute resolution. He has led corporate restructuring projects, managed complex joint venture relationships, and implemented board governance practices across multiple organisations.

Changes in Senior Management Personnel

Mr Sitaram Kandi has resigned as Chief Human Resources Officer (CHRO) and SMP of the Company, with effect from the close of business hours on May 28, 2026, on account of a proposed transition to another company within the Tata Group. Mr DP Nambiar has been appointed as CHRO and SMP of the Company, effective May 29, 2026.

Profile of Incoming CHRO — Mr DP Nambiar

Mr DP Nambiar is an HR leader with 30 years of experience at Tata Consultancy Services (TCS), having held roles across industry units, horizontal units, corporate functions, and major geographies, including leadership positions in the USA and Europe. His career trajectory at TCS is as follows:

Mr Nambiar has been involved in major recruitment and reskilling initiatives globally, talent integration from insourcing and acquisitions, and progressive workforce relations in Europe and other markets. He was instrumental in driving a COVID vaccination programme for TCS and Tata Group employees and their families, and activated partnerships including TCS as the Official Skills Partner at the World Economic Forum. He serves as an official spokesperson for TCS with media, forums, and government and regulatory bodies, and chairs the NASSCOM Chapter for Mumbai.

Regulatory Compliance

The disclosures were made in accordance with Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2//3762/2026 dated January 30, 2026. Supporting documents submitted to the exchanges include relevant regulatory details as Annexure A, resignation letters from Mr Sudipto Kumar Das and Mr Sitaram Kandi as Annexure B, and brief profiles of Mr Ranjan Kumar and Mr DP Nambiar as Annexure C.

Tata Motors' Co-CEO has indicated that the commercial vehicle (CV) industry is expected to grow by single digits in FY27. The statement points to a measured pace of expansion anticipated for the sector in the upcoming fiscal year.

CV Industry Growth Outlook

According to the Co-CEO's indication, the commercial vehicle industry's growth trajectory for FY27 is projected to remain within single-digit territory. This outlook provides a broad directional signal for the CV segment, which is a significant part of Tata Motors' overall business portfolio.

The Co-CEO's indication underscores a stable yet modest growth expectation for the CV industry in FY27. No further financial figures or segment-specific data were provided as part of this communication.