Automobile Corporation of Goa has announced significant corporate developments alongside its strong third-quarter financial performance. The Board of Directors approved audited financial results for Q3FY26, declared an interim dividend of ₹5 per equity share, and appointed two new independent directors during its meeting held on January 19, 2026.

Strong Financial Performance Continues

The company's third-quarter results demonstrate sustained growth momentum across key financial metrics:

Operational Excellence and Digital Transformation

Automobile Corporation of Goa delivered 1,660 bus bodies during the quarter compared to 1,065 units in the corresponding previous year quarter, representing significant volume growth driven by State Transport Undertaking and export bus bodies. The company advanced its digital transformation initiatives by digitizing Human Resource Management processes and implementing Product Lifecycle Management as a design tool.

Corporate Actions and Dividend Declaration

The Board declared an interim dividend of ₹5.00 per equity share for FY26, maintaining consistency with the previous year's comparable period. The dividend payment will result in a cash outflow of approximately ₹30.44 crores, with the record date set for January 29, 2026, and payment scheduled on or before February 13, 2026.

Board Strengthening with New Independent Directors

The company appointed two distinguished professionals as Additional Directors and Independent Directors for five-year terms from January 20, 2026, to January 19, 2031:

Regulatory Impact and Future Outlook

The company reported an exceptional item of ₹32.86 crores related to the implementation of new Labour Codes notified by the Government of India on November 21, 2025. This one-time impact includes incremental gratuity and long-term compensated absences provisions arising from changes in wage definitions. The company remains committed to Net Zero sustainability initiatives and continues strengthening its capabilities for emerging opportunities in institutional procurement processes.

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.