REG - Tata Steel Limited - Disclosure under Regulations 30 & 51 of SEBI LODR

TATA SteelAnnouncement

08/08/2025 15:00

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RNS Number : 6630U  Tata Steel Limited  08 August 2025

 

 
August 8, 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 July 4, 2025.

 

Background:

 

On July 3, 2025, Tata Steel Limited ('Company') had received a Demand Letter
issued by the Office of Deputy Director of Mines, Jajpur ('Demand Letter'), 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 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.

 

Present Status:

 

The Company has today, i.e. August 8, 2025, filed a Writ petition before the
Hon'ble High Court of Orissa at Cuttack inter alia seeking quashing of the
Demand Letter.

 

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

 

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.

 

 

Encl.: Annexure

 

Annexure

 

 SN  Particulars                                                                  Details
 1   Brief details of litigation viz. name(s) of the opposing party, court/       On July 3, 2025, Tata Steel Limited ('Company') had received a Demand Letter
     tribunal/ agency where litigation is filed, brief details of                 issued by the Office of Deputy Director of Mines, Jajpur ('Demand Letter'), in
     dispute/litigation.                                                          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 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 Company has today, i.e. August 8, 2025, filed a Writ petition before the
                                                                                  Hon'ble High Court of Orissa at Cuttack inter alia seeking quashing of the
                                                                                  Demand Letter.

                                                                                  The respondents to the Writ Petition are:

                                                                                  1.   State of Odisha

                                                                                  2.   Union of India (Ministry of Mines)

                                                                                  3.   Director of Mines, Odisha

                                                                                  4.   Deputy Director of Mines, Odisha
 2   Expected financial implications, if any, due to compensation, penalty etc./  ₹1902,72,53,760/-
     Quantum of Claims

 

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