Tata Capital Limited has allotted Secured Redeemable Non-Convertible Debentures (NCDs) worth Rs.505 crore on a private placement basis. The allotment took place on May 12, 2026, under the series designated as TCL Secured NCD "A" FY 2026-27-VIS-M, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Terms of the NCD Issuance

The NCDs have been issued with a coupon rate of 7.97% p.a. and a tenor of 1826 days from the original date of allotment. The maturity date is set for May 12, 2031. Redemption will be made at face value of Rs.1,00,000 per NCD via a bullet payment at maturity. The following table summarises the key details of the issuance:

Interest Payment Schedule

The NCDs will carry interest payments on the following scheduled dates, with the final redemption also falling on the last interest date:

• May 12, 2027
• May 12, 2028
• May 14, 2029
• May 13, 2030
• May 12, 2031 (also the Redemption Date)

Security and Charge Details

The NCDs are secured by way of a pari-passu charge on the company's moveable property, comprising receivables and book debts arising out of secured and unsecured loans extended by the company, as well as investments. The security cover is equivalent to 1.00 time the aggregate outstanding value of the debentures. In the event of a default or delay in payment of interest and/or principal redemption on due dates, an additional interest of 2% p.a. over the coupon rate will be payable by the company for the defaulting period.

Credit Ratings

The NCDs have been assigned the highest credit ratings by two leading rating agencies, reflecting strong creditworthiness:

• CRISIL AAA/Stable by CRISIL Ratings Limited
• [ICRA] AAA/Stable by ICRA Limited

The allotment was duly signed by authorised signatories Farzana Songgadan and Purna Chandra Panigrahy on behalf of Tata Capital Limited.

Tata Capital Limited's Board of Directors, acting on the recommendation of the Nomination and Remuneration Committee, has designated three officials of the Company as Senior Management Personnel with effect from May 11, 2026. The decision was announced on May 9, 2026, and disclosed to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Newly Designated Senior Management Personnel

The following officials have been designated as Senior Management Personnel of the Company:

Profiles of Designated Personnel

Mr. Sandeep Suhasaria

Mr. Sandeep Suhasaria is a senior banking and financial services professional with over 20 years of experience across corporate lending, structured finance, syndication, capital market financing, and retail loan against securities lending business. In his role as Chief Business Officer – Syndication, Structured Finance and Large Corporate at Tata Capital Limited, he oversees the Corporate Lending business of the Company. His areas of expertise include managing multiple business verticals such as Large Corporates (customer vertical), Structured Finance (product), Syndication (product), and Retail Loan against Securities (customer vertical). Prior to joining Tata Capital, he has worked with Citigroup and Dun & Bradstreet. He is a qualified Chartered Accountant and Chartered Financial Analyst (United States).

Mr. Mayank Bhandari

Mr. Mayank Bhandari is a seasoned financial services leader with over 18 years of experience in corporate lending business across large corporate, mid-market enterprises, emerging corporates, supply chain finance, and ecosystem financing. Serving as Chief Business Officer – Mid and Emerging Corporate Business, he has a proven track record of scaling profitable lending portfolios, strengthening governance frameworks, building high-performing teams, and creating long-term value across market cycles. Prior to Tata Capital, he has worked with Tata Motors Finance Limited. He holds a Master's degree in Business Administration in Marketing & Finance and a Bachelor's degree in Engineering.

Mr. Mitheel Mody

Mr. Mitheel Mody is a senior cleantech and infrastructure finance professional with over 24 years of experience in project and corporate finance across Financial Institutions, Investment Banking, and Corporates. He was one of the early members of erstwhile Tata Cleantech Capital (TCCL), which merged with Tata Capital Limited, and was initially responsible for setting up the Syndication & other infrastructure vertical in TCCL. In his role as Business Head – Cleantech Finance at Tata Capital Limited, he has played a key role in the growth of the Cleantech, Infrastructure, and Transition Finance business. His expertise spans deal origination, structuring, syndication, and mergers and acquisitions, with in-depth sector understanding across renewables and select infrastructure space. Prior to Tata Capital, he has worked with Essel Infra Limited, SBI Capital Markets Limited, and Essar Power. He is a qualified Chartered Accountant and holds a Master's degree in Business Administration and a Bachelor of Laws (LLB).

Regulatory Disclosure

The disclosure was made by Sarita Kamath, Chief Legal and Compliance Officer & Company Secretary of Tata Capital Limited, in compliance with Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 (updated as on January 30, 2026). The effective date of designation for all three officials is May 11, 2026.