Tata Technologies Limited — Capital/Financing Update 2024

Oct 8, 2024

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Ref. No.: TTL/COSEC/SE/2024-25/56

October 8, 2024

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai- 400001, India Mumbai – 400 051, India Scrip Code: 544028 Trading symbol: TATATECH

Dear Sir / Madam,

Subject: Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

This is in furtherance to our letter no. TTL/COSEC/SE/2024-25/01 dated April 2, 2024 where Tata Technologies Limited (‘the Company’) informed regarding execution of a Joint Venture Agreement (‘JVA’) with BMW Holding B.V., Netherlands and letter no. TTL/COSEC/SE/2024-25/43 dated July 31, 2024, where the Company informed that it had incorporated a wholly owned subsidiary (‘WOS’), ‘BMW TechWorks India Private Limited’ (‘BTIPL’) on July 31, 2024.

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that, pursuant to the JVA, BMW Holding B.V., Netherlands has completed its investment in the share capital of BTIPL. Consequently, BTIPL has ceased to be the WOS of the Company and the Joint Venture is hereby consummated.

The disclosure as required under Schedule III Part A of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is attached herewith as ‘Annexure A’.

Thanking you.

For Tata Technologies Limited

VIKRANT Digitally signed by VIKRANT CHANDRASHEK CHANDRASHEKHAR GANDHE Date: 2024.10.08 17:51:19 HAR GANDHE +05'30'

________________________ Vikrant Gandhe Company Secretary

Encl: as above

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Tata Technologies Limited Plot No 25, Rajiv Gandhi Infotech Park | Hinjawadi, Pune 411057 | India Tel: +91 20 6652 9090 | Fax: +91 20 6652 9035 CIN L72200PN1994PLC013313 Email: investor@tatatechnologies.com Website: www.tatatechnologies.com

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Annexure A

Sr. No.	Particulars	Details
a)	Name of the target entity,details in brief such as size,turnover etc.	Name: BMW TechWorks India Private Limited (‘BTIPL’)Authorised Share Capital:₹10,00,000 (Rupees Ten Lakh Only)Size/Turnover: Not Applicable as the Company was incorporated onJuly31,2024
b)	Whether the acquisition wouldfallwithinrelatedpartytransaction(s) and whether thepromoter/ promoter group/group companies have anyinterest in the entity beingacquired?If yes, nature of interest anddetails thereof and whether thesame is done at “arm’s length”	BTIPL was incorporated as a wholly owned subsidiary of TataTechnologies Limited (‘the Company’/’TTL’).BTIPL is a related party of TTL.
c)	Industry to which the entitybeing acquired belongs	Providing software support and maintenance to the clients, Otherinformation technology and computer service activities
d)	Objectsandimpactofacquisition (including but notlimitedto,disclosureofreasonsforacquisitionoftarget entity, if its business isoutsidethemainlineofbusiness of the listed entity)	BTIPL will aid BMW Group in engineering premium products,delivering great digital experiences for its customers and propellingits digital transformation journey. The focus will be on deliveringautomotive software, including software-defined vehicle (SDV)solutions for its premium vehicles and digital transformationsolutions for business IT.
e)	Briefdetailsofanygovernmentalorregulatoryapprovals required for theacquisition	Not Applicable
f)	Indicativetimeperiodforcompletion of the acquisition;	Update on the JVA:BMW Holding B.V., Netherlands has now invested Rs. 1,00,000 in theshare capital of BTIPL pursuant to the JVA.Consequently, BTIPL has ceased to be the WOS of the Companyand the Joint Venture is hereby consummated.
g)	Consideration - whether cashconsideration or share swap orany other form and details ofthe same	BTIPL was incorporated with Authorised Share Capital ofRs. 10,00,000 (Rupees Ten Lakh Only).Update on the JVA:BMW Holding B.V., Netherlands has now invested Rs. 1,00,000 in theshare capital of BTIPL pursuant to the JVA.
h)	Cost of acquisition and/or theprice at which the shares areacquired	Not Applicable

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Tata Technologies Limited Plot No 25, Rajiv Gandhi Infotech Park | Hinjawadi, Pune 411057 | India Tel: +91 20 6652 9090 | Fax: +91 20 6652 9035 CIN L72200PN1994PLC013313 Email: investor@tatatechnologies.com Website: www.tatatechnologies.com

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Sr. No.	Particulars	Details	Details
i)	Percentage of shareholding /control acquired and / ornumber of shares acquired	Update on the JVA:The shareholding pattern of BTIPL post allotment of shares to BMWHolding B.V. on October 8, 2024 is as under:
		Name of the shareholder	% holding
		Tata Technologies Limited	50%
		BMW HoldingB.V., Netherlands	50%
j)	Brief background about theentity acquired in terms ofproducts/lineofbusinessacquired,dateofincorporation, history of last 3yearsturnover,countryinwhich the acquired entity haspresenceandanyothersignificantinformation(inbrief)	Terms of products/line of business: BTIPL will aid BMW Group inengineering premium products, delivering great digital experiencesfor its customers and propelling its digital transformation journey.The focus will be on delivering automotive software, includingsoftware-defined vehicle (SDV) solutions for its premium vehiclesand digital transformation solutions for business IT.Date of incorporation: July 31, 2024History of last 3 years turnover: Not ApplicableCountry: India

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Tata Technologies Limited Plot No 25, Rajiv Gandhi Infotech Park | Hinjawadi, Pune 411057 | India Tel: +91 20 6652 9090 | Fax: +91 20 6652 9035 CIN L72200PN1994PLC013313 Email: investor@tatatechnologies.com Website: www.tatatechnologies.com