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

TATA SteelAnnouncement

19/08/2025 14:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250819:nRSS9537Va&default-theme=true

RNS Number : 9537V  Tata Steel Limited  19 August 2025

 

Ref: SEC/738/2025-26

 
August 19, 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 is in continuation to disclosure no. SEC/523/2025-26 dated July 4, 2025
and disclosure no. SEC/700/2025-26 dated August 8, 2025 made by Tata Steel
Limited ('the 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.

 

In this connection, the Company, on August 8, 2025, had filed a 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.

 

Present Status:

 

The Hon'ble High Court heard the matter on August 14, 2025. Based on the copy
of the order received by the Company on August 19, 2025, the Company hereby
informs that, the Hon'ble High Court has tagged the Company's Writ Petition
with Writ Petitions raising similar and identical issues that are pending
before the Hon'ble High Court and due to be heard on September 2, 2025.
Further, the Hon'ble High Court has also restrained the opposite
parties/authorities from taking any coercive step till the next date of
hearing of this matter.

 

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.

 

 

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  MSCDZGMRFLMGKZM