Tata Motors Limited — Others, 05-12-2024: ESOP/ESOS/ESPS

Tata Motors Limited has announced a board meeting to approve the allotment of 1,33,123 Ordinary Shares at ₹2 each under the Share-based Long Term Incentive Scheme 2021. This allotment follows the exercise of 1,02,323 Performance Share Units and 30,800 Stock Options at exercise prices of ₹2 and ₹338, respectively. The company's paid-up share capital has increased to ₹7,36,27,27,297, with the total number of shares rising to 3,68,11,24,896. This update reflects the company's commitment to incentivizing and rewarding employees, which could positively influence investor sentiment.