Tata Motors Sets October 14 Record Date for Demerged CV Business Shares

Tata Motors is moving ahead with a significant corporate milestone as it finalizes the record date for issuing shares of its demerged commercial vehicle business. The Mumbai-based automaker has confirmed that October 14, 2025, will be the record date to determine shareholder eligibility for the corporate action. This step follows last year’s approval to split its commercial and passenger vehicle operations into two separate listed entities.

Market Performance

The announcement has attracted attention in the stock market today, as shareholders prepare for the upcoming share allotment. Equity markets are closely monitoring this corporate action, which marks a key structural change in one of India’s largest automobile companies.

According to a regulatory filing by Tata Motors:

• Shareholders will receive 1 share of TML Commercial Vehicles Limited (TMLCV) for every 1 share held in Tata Motors of the same class.
• Each share will have a face value of INR 2/- fully paid up.
• TMLCV’s equity shares are scheduled to be listed on both BSE and NSE, making them available for public trading once the allotment process is complete.

This corporate action ensures that all existing shareholders of Tata Motors will automatically receive proportional holdings in the newly demerged commercial vehicle company.

Company Details: Demerger Background

The demerger was approved in August 2024 with the objective of creating two focused entities, each capable of leveraging growth opportunities independently. Post-demerger:

• Passenger Vehicle Unit: Will be renamed Tata Motors Passenger Vehicles Ltd (TMPVL).
• Commercial Vehicle Unit: Will be listed as Tata Motors Ltd (TML), scheduled for listing in November 2025.

By separating the commercial and passenger vehicle businesses, Tata Motors aims to provide clearer operational focus, streamline business strategies, and enhance value for shareholders.

Summary

This record date announcement is a key step in Tata Motors’ strategic journey to redefine its corporate structure. By allotting shares of TMLCV to existing shareholders, the company sets the stage for a smoother transition into a dual-entity model. With the upcoming listings on both BSE and NSE, investors will have access to shares of the commercial vehicle arm, while the passenger vehicle business will continue to operate under TMPVL.