REG - Tata Steel Limited - Disclosure under Regulation 30 of SEBI LODR, 2015

TATA SteelAnnouncement

24/05/2024 18:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240524:nRSX9279Pa&default-theme=true

RNS Number : 9279P  Tata Steel Limited  24 May 2024

 

 

 
         May 24, 2024

 

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 is further to our disclosure dated April 2, 2024 in connection with the
writ petition filed by Tata Steel Limited ('Company') in the Hon'ble High
Court of Calcutta ('Hon'ble High Court'), in the matter of rejection of a
representation made by the Company in respect of waiver of loans availed by
the Company from the Steel Development Fund ('SDF'). The loan outstanding
(principal and interest) as of the last annual audited financial statements is
₹2,751.17 crore. The entire amount of ₹2,751.17 crore has already been
accounted for as Borrowings in the last audited financial statements.

 

In connection with the above, the Hon'ble High Court, today i.e., May 24,
2024, dismissed the writ petition filed by the Company, with a liberty to the
Company, to approach the Joint Plant Committee. The Company will seek further
legal remedies in the matter.

 

This disclosure is being made by the Company in compliance with Regulation 30
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.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCDZGZKVDZGDZM