Tata Motors Limited has submitted its mandatory disclosure of debt securities issued through private placement as on March 31, 2026, in compliance with the Securities and Exchange Board of India (SEBI) Master Circular dated October 15, 2025. The comprehensive report, filed on April 10, 2026, provides detailed information about the company's outstanding debt obligations totaling ₹2,300 crore.

Outstanding Debt Securities Portfolio

The company maintains five active debt securities with varying maturity profiles and coupon structures. The portfolio demonstrates a strategic distribution of maturities and competitive interest rates reflecting market conditions at the time of issuance.

Corporate Restructuring Impact

The current debt portfolio reflects a significant corporate restructuring completed in 2025. Through a Composite Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013, Tata Motors Limited acquired these debt securities from Tata Motors Passenger Vehicles Limited. The arrangement involved the amalgamation of Tata Motors Passenger Vehicles Limited with effect from October 1, 2025.

The Board of Directors formally accepted the transfer of outstanding Non-Convertible Debentures (NCDs) aggregating to ₹2,300 crore during meetings held on August 8, 2025 and September 26, 2025. This transfer included all associated rights, obligations, and liabilities from the demerged entity.

Debt Characteristics and Terms

All five debt securities feature annual coupon payment frequency, providing predictable cash flow obligations for the company. The coupon rates range from 6.60% to 8.00%, reflecting different market conditions and risk assessments at the respective issuance dates. The securities carry no embedded options, indicating straightforward debt structures without complex derivative features.

The maturity profile shows a concentrated repayment schedule between 2026 and 2028, with ₹500 crore maturing in May 2026, ₹750 crore in 2027, and ₹800 crore in March 2028. This staggered maturity structure provides the company with manageable refinancing requirements over the next few years.

Regulatory Compliance

The disclosure fulfills mandatory reporting requirements under SEBI regulations for listed debt securities issued through private placement. Company Secretary Sudipto Kumar Das signed the compliance document, ensuring adherence to regulatory timelines and format specifications. The report maintains transparency for stakeholders regarding the company's debt obligations and corporate structure changes resulting from the recent reorganization.

Tata Motors Limited has submitted its quarterly compliance certificate to the National Securities Depository Limited and Central Depository Services (India) Limited for the quarter ended March 31, 2026. The filing, dated April 8, 2026, fulfills the company's regulatory obligations under SEBI Regulation 74(5) of the Depositories and Participants Regulations, 2018.

Compliance Certificate Details

The certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as Tata Motors' Registrar and Share Transfer Agent. The document confirms a key operational status regarding the company's share structure.

Share Dematerialization Status

According to the certificate issued by MUFG Intime India Private Limited, no requests for dematerialization, mutilation, or cancellation of securities were received from Depository Participants during the quarter. This status reflects the fact that all of Tata Motors' shares are already maintained in dematerialized mode, indicating complete digitization of the company's share certificates.

The certificate was signed by Deepak Tambe, Assistant Vice President at MUFG Intime India Private Limited, and submitted by Sudipto Kumar Das, Company Secretary of Tata Motors Limited.

Regulatory Framework

The SEBI Regulation 74(5) requires companies to obtain and file quarterly certificates from their registrars confirming compliance with depository regulations. This mandatory filing ensures transparency in share transfer processes and maintains regulatory oversight of dematerialization activities.

Corporate Information

The filing identifies Tata Motors Limited as formerly TML Commercial Vehicles Limited, with its registered office at Bombay House, 24 Homi Mody Street, Mumbai. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited, both of which were copied on this compliance submission.