REG - Tata Steel Limited - Effective Date of the Scheme of Amalgamation

TATA SteelAnnouncement

15/11/2023 07:00

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RNS Number : 5256T  Tata Steel Limited  15 November 2023

November 15, 2023

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: 'Effective Date' of the Scheme of Amalgamation amongst Tata Steel Limited
and

Tata Steel Long Products Limited and their respective shareholders

 

This is further to our disclosures dated October 20, 2023, October 27, 2023,
November 1, 2023, and November 3, 2023, in connection with the Scheme of
Amalgamation amongst Tata Steel Limited ('the Company') and Tata Steel Long
Products Limited ('TSLP') and their respective shareholders ('Scheme of
Amalgamation'), as approved and sanctioned by the Hon'ble National Company Law
Tribunal, Mumbai bench (having jurisdiction over the Company) vide its Order
dated October 20, 2023 ('NCLT Mumbai Order') as well as the Hon'ble National
Company Law Tribunal, Cuttack bench (having jurisdiction over TSLP) vide its
Order dated October 18, 2023 ('NCLT Cuttack Order').

 

We wish to inform you that, after fulfilling all the conditions specified in
Clause 9.1(h) (Definition of Effective Date) read with Clause 22
(Conditionality of the Scheme becoming Effective) of the Scheme of
Amalgamation, the Company and TSLP have today, i.e., November 15, 2023, filed
the certified copy of the NCLT Mumbai Order and NCLT Cuttack Order with the
Ministry of Corporate Affairs, Government of India.  The filing has been made
in compliance with Section 232(5) of the Companies Act, 2013 read with Rule
25(7) of the Companies (Compromises, Arrangements and Amalgamations) Rules,
2016.

 

Accordingly, in terms of Clause 8 (Effectiveness of the Scheme) read with
Clause 9.1(h) (Definition of Effective Date) of the Scheme of Amalgamation,
the Scheme of Amalgamation has become operative on and from today i.e.,
November 15, 2023 ('Effective Date').

 

This disclosure is being made in terms of Regulation 30 of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended.

 

This is for your information and record.

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