Tata Motors : Outcome of the Board meeting held on June 23, 2021 - Approval of Tata Motors Limited Share-based Long Term Incentive Scheme 2021
June 24, 2021 at 03:09 am EDT
Share
BSE Limited
National Stock Exchange of India Ltd.
First Floor, New Trading Ring
ExchangePlaza, 5th Floor
Rotunda Building, P J Towers
Plot No.C/1, G Block, Bandra-Kurla Complex
Dalal Street, Fort, Mumbai 400 001
Bandra (East), Mumbai 400 051
Kind Attn : Mr Khushro A. Bulsara
Kind Attn: Mr Lokesh Bhandari
General Manager & Head - Listing Compliance
Senior Manager - Listing & Compliance
& Legal Regulatory
June 23, 2021
Sc no. 16410
Dear Sirs,
Ref: ISIN: INE155A01022 - Ordinary Shares
IN9155A01020 - 'A' Ordinary Shares
Debt Securities on NSE& BSE
Re: Outcome of the Board meeting held on June 23, 2021 - Approval of Tata Motors Limited Share-based Long Term Incentive Scheme 2021
Further to our letter no. SC 16409 dated June 23, 2021 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 ["SEBI Listing Regulations"], please be informed that the Board of Directors, at its meeting held today, based on the recommendation of Nomination and Remuneration Committee, inter alia, approved the Issue of Performance Shares and/or Options to the eligible employees of the Company and its subsidiary companies as per the SEBI (Share Based Employee Benefits) Regulations, 2015 not exceeding 0.25% of the Company's issued share capital, subject to approval of the shareholders at the ensuing Annual General Meeting.
The meeting commenced at 4.30 p.m. and concluded at 6.45 p.m.
Yours faithfully,
Tata Motors Limited
Hoshang K Sethna
Company Secretary
Encls: a/a
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Tata Motors Limited published this content on 24 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2021 07:08:03 UTC.
Tata Motors Limited is the Indian leader in automotive construction. Net sales break down by activity as follows:
- sale of vehicles (83.6%): utility vehicles (366,909 units sold in 2020/21), commercial vehicles (257,136 sold) and passenger vehicles (213,738 units sold) marketed under the Tata, Fiat, Jaguar and Land Rover brands;
- sale of spare parts (9.9%);
- sales financing services (1.6%);
- other (4.9%): manufacturing of construction equipment, electronic and plastic components, etc.
Net sales are distributed geographically as follows: India (20.2%), the United Kingdom (14.9%), Europe (13.6%), the United States (18.8%), China (17.9%) and other (14.6%).
TATA MOTORS LIMITED 
