REG - Tata Steel Limited - Disclosure u/r 30 and 51 of SEBI (LODR), 2015

TATA SteelAnnouncement

13/10/2025 15:15

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RNS Number : 1563D  Tata Steel Limited  13 October 2025

 

 

Ref: SEC/990/2025-26

 
October 13, 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 our earlier disclosures dated July 4, 2025, August 8,
2025, August 19, 2025 and September 5, 2025 regarding material litigation
relating to the Sukinda Chromite Block of Tata Steel Limited ('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 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
('interim protection') till the next date of hearing of this matter which was
scheduled to be held on September 2, 2025. The said interim order was further
extended by the Hon'ble High Court on September 2, 2025, and the interim
protection was extended till the next date of hearing scheduled to be held on
October 9, 2025.

 

 

Present Status:

 

The Hon'ble High Court heard the matter on October 9, 2025, and based on the
order copy made available today, i.e. October 13, 2025, the Company hereby
informs that the Hon'ble High Court has posted the matter for hearing on
November 6, 2025. The interim protection is extended till the next date of
hearing.

 

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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