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

TATA SteelAnnouncement

02/03/2026 07:00

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RNS Number : 8121U  Tata Steel Limited  28 February 2026

 

Ref: SEC/1987/2025-26

 
         February 28, 2026

 

London Stock Exchange

London

 

Dear Sir, Madam,

 

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

 

This has reference to the aforementioned subject.

 

In FY2023, Tata Steel Limited ('Company') through its erstwhile listed
subsidiary - Tata Steel Long Products Limited ('TSLP') acquired controlling
stake in Neelachal Ispat Nigam Limited ('NINL'). In FY2024, consequent to the
amalgamation of TSLP into and with the Company, NINL became an indirect
subsidiary of the Company. In FY2026, NINL became a wholly owned subsidiary of
the Company.

 

On February 25, 2026, NINL received a Show Cause Notice ('SCN') from the
Office of the Deputy Director of Mines, Koira Circle, Koira Steel & Mines
Department, Government of Odisha ('Authority') seeking NINL to show cause as
to why an amount of ₹587,86,25,047/- should not be recovered from NINL as
shortfall towards additional charges on dispatch of Iron Ore between the
period February 2022 and March 2025, calculated at 150% of royalty payable
under Section 8A(8) of Mines and Minerals (Development and Regulation)
Amendment Act, 2021 ('MMDR Act').

 

NINL believes that its Iron Ore Mine does not fall under the purview of
Section 8A(8) of MMDR Act as alleged in the said SCN, and hence the SCN is
erroneous. Accordingly, NINL believes that it may not be liable to pay the
amount as stated in the SCN.  NINL will suitably respond to the SCN and if
needed, pursue legal remedies, as appropriate, before court of law.

 

The Management was studying the impact of SCN on the Company and NINL and
hence, the disclosure is being made even date.

 

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

 

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

 

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.                                                     Neelachal Ispat Nigam Limited ('NINL') is a wholly owned subsidiary of Tata
                                                                             Steel Limited ('Company').

                                                                             On February 25, 2026, NINL has received a Show Cause Notice ('SCN') from the
                                                                             Office of the Deputy Director of Mines, Koira Circle, Koira Steel & Mines
                                                                             Department, Government of Odisha ('Authority') seeking NINL to show cause as
                                                                             to why an amount of ₹587,86,25,047/- should not be recovered from NINL as
                                                                             shortfall towards additional charges on dispatch of Iron Ore between the
                                                                             period February 2022 and March 2025, calculated at 150% of royalty payable
                                                                             under Section 8A(8) of Mines and Minerals (Development and Regulation)
                                                                             Amendment Act, 2021 ('MMDR Act').

 2   Expected financial implications, if any, due to compensation, penalty
     etc./quantum of claims, if any

                                                                             NINL believes that its Iron Ore Mine does not fall under the purview of
                                                                             Section 8A(8) of MMDR Act as alleged in the said SCN, and hence the SCN is
                                                                             erroneous. Accordingly, NINL believes that it may not be liable to pay the
                                                                             amount as stated in the SCN.  NINL will suitably respond to the SCN and if
                                                                             needed, pursue legal remedies, as appropriate, before court of law.

                                                                             There is no impact on financial, operational, or other activities of Tata
                                                                             Steel Limited or NINL, arising from the said SCN.

 

 

 

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