REG - Tata Steel Limited - Disclosure under Reg 30&51 of Listing Regulations

TATA SteelAnnouncement

26/11/2025 07:45

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RNS Number : 0672J  Tata Steel Limited  26 November 2025

 

Ref: SEC/1226/2025-26

 

November 26, 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 disclosure dated October 13, 2025 regarding material
litigation relating to the Sukinda Chromite Block of Tata Steel Limited
('Company').

 

Background:

 

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. On August 14, 2025, the
Hon'ble High Court tagged the petition with similar cases and granted interim
protection, restraining opposite parties/authorities from taking coercive
action until the next date of hearing this matter.

 

Thereafter, the matter was heard by the Hon'ble High Court on several
occasions and the interim protection was extended till the next date for
hearing.

 

Present Status:

 

The latest hearing on the matter was held on November 21, 2025. Based on the
order copy made available today, i.e. November 26, 2025, the Company hereby
informs that the Hon'ble High Court has further extended the interim
protection till the next date of hearing scheduled on December 3, 2025.

 

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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