Automobile Corporation of Goa Limited (ACGL) has announced a significant change in its promoter entity following a major restructuring within the Tata Motors group. This development comes as a result of a composite scheme of arrangement that has reshaped the structure of Tata Motors' commercial vehicles business.

Key Details of the Restructuring

The restructuring process involved several key changes:

1. Demerger of Commercial Vehicles Business: Tata Motors Limited's commercial vehicles business has been demerged into TML Commercial Vehicles Limited.

2. Name Changes:

   • The original Tata Motors Limited has been renamed to Tata Motors Passenger Vehicles Limited.
   • TML Commercial Vehicles Limited has taken on the name Tata Motors Limited.

3. Transfer of Assets and Liabilities: All assets, liabilities, rights, and investments related to the commercial vehicles business have been transferred to the new Tata Motors Limited.

Impact on Automobile Corporation of Goa Limited

The restructuring has directly affected ACGL's ownership structure:

• Shareholding Transfer: Tata Motors Limited acquired 29,82,214 equity shares of ACGL, representing 48.98% of its paid-up share capital.
• New Promoter: As a result of this acquisition, Tata Motors Limited has become the promoter of Automobile Corporation of Goa Limited.

Details of the Acquisition

• The acquisition was completed through a composite scheme of arrangement sanctioned by the National Company Law Tribunal.
• The acquisition resulted from the demerger of Tata Motors' commercial vehicle business, with the shareholding transferring from the passenger vehicle entity to the commercial vehicle entity as part of the corporate restructuring.

Regulatory Compliance

This change has been communicated to the BSE Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has requested the stock exchange to update its records accordingly.

Implications for Stakeholders

While the promoter entity has changed, the overall ownership within the Tata group remains intact. Shareholders and stakeholders of ACGL should note that this is primarily a structural change resulting from the larger reorganization within the Tata Motors group.

This corporate action demonstrates the dynamic nature of large conglomerates and their efforts to streamline operations through strategic restructuring.

Automobile Corporation of Goa Limited (ACGL) has announced a significant change in its leadership team. The company's Board of Directors, during their meeting on October 14, 2025, approved the appointment of Mr. Mitesh Gadhiya as the new Company Secretary and Compliance Officer, effective immediately.

Key Appointment Details

Professional Background

Mr. Gadhiya brings a wealth of experience to his new role at ACGL:

• Qualification: Fellow Member of the Institute of Company Secretaries of India (ICSI)
• Experience: Over 15 years in corporate secretarial and compliance functions
• Previous Role: Serving as the Company Secretary of ACGL

Appointment Context

This appointment aligns with Regulation 6 of the SEBI Listing Regulations, which requires listed entities to appoint a qualified Company Secretary as the Compliance Officer. Mr. Gadhiya's appointment ensures ACGL's continued compliance with regulatory requirements.

Company Performance

Coinciding with this appointment, ACGL also released its financial results for Q2 FY26:

The company reported a strong financial performance, with significant year-over-year growth across key financial metrics.

Operational Highlights

• Delivered 1,966 bus bodies in Q2 FY26, compared to 1,332 units in Q2 FY25
• Achieved the milestone of manufacturing its 100,000th bus since inception
• Installed an 810 kWp solar power plant at the Jejuri facility, advancing sustainability initiatives

ACGL continues to focus on securing strategic orders and optimizing capacity utilization, particularly during lean periods. The company remains committed to its "Net Zero" sustainability initiatives, with plans to complete a solar power project at its Goa facility within the current financial year.

This appointment and the strong financial results underscore ACGL's commitment to robust corporate governance and sustainable growth in the automotive sector.