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

TATA SteelAnnouncement

05/09/2025 14:45

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RNS Number : 2700Y  Tata Steel Limited  05 September 2025

 

 

 

Ref: SEC/819/2025-26

 
September 5, 2025

 

London Stock Exchange

London

 

Dear Sir, Madam,

 

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

 

This has reference to disclosure no. SEC/523/2025-26 dated July 4, 2025,
disclosure no. SEC/700/2025-26 dated August 8, 2025 and disclosure no.
SEC/735/2025-26 dated

August 19, 2025, made by Tata Steel Limited ('the Company').

 

Background:

 

As informed in the aforementioned disclosures, on July 3, 2025, the Company
had received a Demand Letter issued by the Office of Deputy Director of Mines,
Jajpur ('Demand Letter'), raising a demand of ₹1902,72,53,760/-, in
connection with revised assessment of shortfall in dispatch of minerals from
the Company's Sukinda Chromite Block, for the fourth year in terms of Mine
Development and Production Agreement (i.e., July 23, 2023 through July 22,
2024) in alleged violation of Rule 12-A of the Minerals (Other than Atomic and
Hydro Carbons Energy Minerals) Concession Rules, 2016 ('MCR 2016'), and
consequent appropriation of performance security.

 

The Company, on August 8, 2025, had filed a Writ petition (Civil) No. 22431 of
2025 before the Hon'ble High Court of Orissa at Cuttack ('Hon'ble High Court')
inter alia seeking quashing of the Demand Letter. The matter was heard by the
Hon'ble High Court on August 14, 2025 and the Writ Petition filed by the
Company was tagged with Writ Petitions raising similar and identical issues
pending before the Hon'ble High Court. Further, the Hon'ble High Court had
also restrained the opposite parties/authorities from taking any coercive step
till the next date of hearing of this matter which was scheduled to be held on
September 2, 2025.

 

Present Status:

 

Based on the copy of the order received by the Company on September 5, 2025,
the Company hereby informs that, the Hon'ble High Court heard the matter on
September 2, 2025, and has slated the matter for the next hearing on October
9, 2025. The Order passed by the Hon'ble High Court continues to restrain the
opposite parties/authorities from taking any coercive step till the next date
of hearing of this matter.

 

 

 

 

This disclosure is being made by the Company in compliance with Regulations 30
and 51 read with Schedule III of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015.

 

This is for your information and records.

 

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