REG - Tata Steel Limited - Conversion of securities

TATA SteelAnnouncement

20/03/2023 07:00

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RNS Number : 4407T  Tata Steel Limited  18 March 2023

March 18, 2023

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Re: Conversion of partly paid-up equity shares to fully paid-up equity shares

 

This has reference to our letters dated February 9, 2021, February 23, 2021,
March 24, 2021, April 14, 2021, May 15, 2021, June 21, 2021, September 13,
2021, October 30, 2021, November 23, 2021, January 21, 2022 and February 8,
2023 in relation to the first and final call on the partly paid-up equity
shares of the Company.

 

In this connection, the Stakeholders' Relationship Committee, duly authorized
by the Board of Directors of the Company, has on March 18, 2023 approved the
conversion of 31,658 partly paid-up equity shares into fully paid-up shares of
the Company. The partly paid-up shares were of face value ₹10/- each
(₹2.504 paid-up) on which the first and final call money of ₹461/- per
share (comprising face value of ₹7.496 per share and securities premium of
₹453.504 per share) has been received.

 

The Shareholders of the Company at their Annual General Meeting held on June
28, 2022 has approved the sub-division of 1 equity share of face value ₹10/-
each into 10 equity shares of face value Re. 1/- each.

 

Consequent to the sub-division of equity shares of the Company, the
above-mentioned partly paid-up shares of face value ₹10/- each has been
converted into fully paid-up equity shares of face value Re. 1/- each and
ranks pari passu with the existing fully paid-up equity shares. Further, these
shares shall be available to trade under the ISIN INE081A01020, subject to
completion of necessary corporate actions and receipt of listing and trading
approvals.

 

This disclosure is being made pursuant to Regulation 30 of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended.

 

This is for your information and records.

 

 

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