MoneyWorks4Me

Tata Motors reply to clarification sought by the exchange

05 Nov 2016 Evaluate

In continuation to the Exchange query dated October 26, 2016, about the Bloomberg article referring to a letter dated October 25, 2016 written by Cyrus Mistry to the Directors of Tata Sons, the Exchange has raised further queries regarding specific statements about critical business issues. The company was requested to confirm on whether the said issues had been taken cognizance of by the Risk Management Committee / Audit Committee / Board of Directors of the company as also the appropriate authority constituted in terms of the company’s Vigil Mechanism. The reply received from Tata Motors is enclosed.

The above information is a part of company’s filings submitted to BSE.

Peers