REG - Tata Steel Limited - Disclosure under Regulation 30 of LODR

TATA SteelAnnouncement

04/07/2025 13:30

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RNS Number : 8510P  Tata Steel Limited  04 July 2025

 
 

 

 

July 4, 2025

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

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

 

This has reference to the aforementioned subject.

 

On July 3, 2025, Tata Steel Limited ('Company') has received a Demand Letter
issued by the Office of Deputy Director of Mines, Jajpur, 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 12A of the Minerals (Other than Atomic and Hydrocarbon
Energy Minerals) Concession Rules, 2016, and consequent appropriation of
performance security. The revision in assessment is based on declaration of
average sale price notified by the Indian Bureau of Mines.

 

The alleged shortfall in mineral dispatch by the Company as per the
aforementioned Mine Development and Production Agreement for Sukinda Chromite
Block has resulted in an aggregate demand of ₹1902,72,53,760/- including
sale value of shortfall quantity and appropriation of performance security.

 

The Management believes that the State's demands lack justification and
substantive basis. Accordingly, the Company will pursue suitable legal
remedies before the appropriate judicial or quasi-judicial forum(s).

 

This disclosure is being made by the Company in compliance with Regulations 30
and 51 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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