REG - Tata Steel Limited - Outcome of Board meeting of Tata Steel Limited

TATA SteelAnnouncement

12/11/2025 13:45

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RNS Number : 2892H  Tata Steel Limited  12 November 2025

 

 

 

Ref.: SEC/1153/2025-26

 
                              November 12, 2025

 

 

London Stock Exchange

London

 

Dear Madam/Sirs,

 

Sub: Outcome of Board meeting of Tata Steel Limited

 

The Board at its meeting held today, i.e., Wednesday, November 12, 2025, inter
alia, transacted the following business:

 

1.    Financial Results

 

Considered and approved the Audited Standalone and Unaudited Consolidated
Financial Results of Tata Steel Limited ('Company') for the quarter and half
year ended

September 30, 2025.

 

The financial information as required to be provided in terms of Regulation 52
of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') forms
part of the said Financial Results.

 

A copy of the said Financial Results together with the Auditors' Report
thereon for the quarter and half year ended September 30, 2025, is enclosed
herewith as Annexure-1.

 

2.    Acquisition of 50% equity stake in Tata BlueScope Steel Private
Limited

 

Considered and approved the acquisition of 50% equity stake in Tata BlueScope
Steel Private Limited ('TBSPL') (a 50:50 joint venture between Tata Steel
Limited through its wholly owned subsidiary - Tata Steel Downstream Products
Limited and BlueScope Steel Limited through its wholly owned subsidiary -
BlueScope Steel Asia Holdings Pty Ltd), from BlueScope Steel Asia Holdings Pty
Ltd ('BSAH'), for a consideration of up to ₹1,100 crore.

 

Pursuant to the approval of the Board, the Company has today executed the
share purchase agreement with TBSPL, BSAH and BlueScope Steel Limited. The
transaction is subject to customary conditions precedent, approvals from
regulatory authorities including the Competition Commission of India and other
stakeholders as applicable.

 

On consummation of the above transaction, TBSPL will become an indirect wholly
owned subsidiary of Tata Steel.

 

 

In terms of the Regulation 30, 51 and other applicable provisions of the SEBI
Listing Regulations read with SEBI Master Circular No.
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, further details of the
said acquisition are enclosed herewith as

Annexure-2.

 

Further, please find enclosed herewith the press release titled 'Tata Steel
reports Consolidated EBITDA of Rs 9,106 crores for the quarter and Rs 16,585
crores for the half year ended

September 30, 2025' and presentation to be made to Analysts/Investors on the
Financial Results of Tata Steel Limited for the quarter and half-year ended
September 30, 2025 as Annexure-3.

 

The Board meeting commenced at 2:00 p.m. (IST) and concluded at 5:00 p.m.
(IST).

 

The above disclosures are available on the website of the Company at
www.tatasteel.com (http://www.tatasteel.com)

 

These disclosures are being made pursuant to Regulation 30, 51, 52, Schedule
III and other applicable provisions of the SEBI Listing Regulations read with
SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

 

This is for your information and records.

 

 

Encl..: Annexures

 

 http://www.rns-pdf.londonstockexchange.com/rns/2892H_1-2025-11-12.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/2892H_1-2025-11-12.pdf)

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