REG - Tata Steel Limited - Disclosure under Reg 30 and 51 of SEBI(LODR), 2015

TATA SteelAnnouncement

29/10/2025 15:00

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RNS Number : 3741F  Tata Steel Limited  29 October 2025

 

 

Ref: SEC/1048/2025-26
 
October 29, 2025

 

London Stock Exchange

London

 

Dear Sir, Madam,

 

Sub: Disclosure under Regulations 30 and 51 of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations,
2015

 

This has reference to our disclosure dated October 4, 2025.

 

Background:

 

On October 3, 2025, Tata Steel Limited ('Company') received a Demand Letter
issued by the Office of Deputy Director of Mines, Jajpur ('Demand Letter'), in
connection with assessment of shortfall in dispatch of Chrome Ore from the
Company's Sukinda Chromite Block, for the 5th year in terms of Mine
Development and Production Agreement (i.e., July 23, 2024 through July 22,
2025) in alleged violation of Rule 12A of the Minerals (Other than Atomic and
Hydrocarbon Energy Minerals) Concession Rules, 2016, and consequent
appropriation of performance security.

 

The alleged shortfall in mineral dispatch by the Company as per the
aforementioned Mine Development and Production Agreement for Sukinda Chromite
Block resulted in an aggregate demand of ₹2410,89,66,881/- based on sale
value of shortfall quantity and appropriation of performance security.

 

Present Status:

 

The Company has today, i.e. October 29, 2025, filed a Writ petition before the
Hon'ble High Court of Orissa at Cuttack inter alia seeking quashing of the
aforementioned Demand Letter.

 

The details of the litigation as required under the provisions of the
Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ('SEBI Listing Regulations') are provided in
the Annexure enclosed herewith.

 

This disclosure is being made by the Company in compliance with Regulations 30
and 51 read with Schedule III of the SEBI Listing Regulations.

 

This is for your information and records.

 

 

Encl.: Annexure

Annexure

 

 SN  Particulars                                                                  Details
 1   Brief details of litigation viz. name(s) of the opposing party, court/
     tribunal/ agency where litigation is filed, brief details of

     dispute/litigation.                                                          On October 3, 2025, Tata Steel Limited ('Company') received a Demand Letter
                                                                                  issued by the Office of Deputy Director of Mines, Jajpur, in connection with
                                                                                  assessment of shortfall in dispatch of Chrome Ore from the Company's Sukinda
                                                                                  Chromite Block, for the 5th year in terms of Mine Development and Production
                                                                                  Agreement (i.e., July 23, 2024 through July 22, 2025) in alleged violation of
                                                                                  Rule 12A of the Minerals (Other than Atomic and Hydrocarbon Energy Minerals)
                                                                                  Concession Rules, 2016, and consequent appropriation of performance security.

                                                                                  The alleged shortfall in mineral dispatch by the Company as per the
                                                                                  aforementioned Mine Development and Production Agreement for Sukinda Chromite
                                                                                  Block has resulted in an aggregate demand of ₹2410,89,66,881/- based on sale
                                                                                  value of shortfall quantity and appropriation of performance security.

                                                                                  The Company has today, i.e. October 29, 2025, filed a Writ petition before the
                                                                                  Hon'ble High Court of Orissa at Cuttack inter alia seeking quashing of the
                                                                                  Demand Letter.

                                                                                  The respondents to the Writ Petition are:

                                                                                  1.   State of Odisha

                                                                                  2.   Union of India (Ministry of Mines)

                                                                                  3.   Director of Mines, Odisha

                                                                                  4.   Deputy Director of Mines, Jajpur, Odisha

 2   Expected financial implications, if any, due to compensation, penalty etc./  ₹2410,89,66,881/-
     Quantum of Claims

 

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