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

TATA SteelAnnouncement

Wed 14:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251210:nRSJ0596La&default-theme=true

RNS Number : 0596L  Tata Steel Limited  10 December 2025

 

 

 

Ref:
SEC/1345/2025-26

December 10, 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, December 10, 2025,
considered and approved the acquisition of 50.01% equity stake in Thriveni
Pellets Private Limited ('TPPL') from Thriveni Earthmovers Private Limited
('TEMPL'), for a consideration of up to ₹636 crore.

 

In terms of Regulations 30, 51 and other applicable provisions of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI
Listing Regulations') read with applicable SEBI Circulars, details of the said
acquisition are enclosed herewith as Annexure-1.

 

Further, please find enclosed a press release titled "Tata Steel Board affirms
the long-term strategy for growth in India" as Annexure-2.

 

Schedule of Investor Meet:

 

Further, we wish to inform you that, in terms of Regulation 30 of the SEBI
Listing Regulations, a group investor meet has been scheduled on December 11,
2025, at 5:30 p.m. (IST). The meet will be conducted virtually and has been
arranged at short notice by the Management to discuss urgent matter forming
part of the outcome of the Board Meeting. Accordingly, the intimation of the
schedule of investor meet is being disseminated to exchanges on even date. For
further details, please refer Annexure-3.

 

The Board meeting commenced at 10:00 a.m. (IST) and concluded at 4:30 p.m.
(IST).

 

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

 

The above disclosures are made in compliance with Regulation 30, 51 and other
applicable provisions of the SEBI Listing Regulations.

 

This is for your information and records.

 

Encl.: Annexures

Annexure 1

Acquisition of 50.01% equity stake in Thriveni Pellets Private Limited by Tata
Steel Limited:

 

 SN   Particulars                                                                                                                                 Details
 1.   Name of the target entity, details in brief such as size, turnover etc.                                                                     Name of Target - Thriveni Pellets Private Limited ('TPPL') is a private
                                                                                                                                                  company incorporated under the Companies Act, 2013.

                                                                                                                                                  TTPL holds 100% stake in Brahmani River Pellets Limited ('BRPL'), which
                                                                                                                                                  operates a 4 MTPA pellet plant at Jajpur, Odisha along with a 212 Kilometer
                                                                                                                                                  slurry pipeline.

                                                                                                                                                  Pre transaction Shareholding in TPPL - 50.01% of TPPL was held by Thriveni
                                                                                                                                                  Earthmovers Private Limited ("TEMPL"), and balance 49.99% stake was held by
                                                                                                                                                  LMEL.

                                                                                                                                                  Post transaction Shareholding in TPPL - 50.01% of TPPL will be held by Tata
                                                                                                                                                  Steel Limited ('Tata Steel') and balance 49.99% stake will continue to be held
                                                                                                                                                  by Llyods Metals & Energy Limited ('LMEL').

                                                                                                                                                  Past Financial Performance of TPPL:

                                                                                                                                                  Turnover (₹ crore)

                                                                                                                                                  a)   FY 24-25: 2,479.34

                                                                                                                                                  b)   FY 23-24: 2,487.55

                                                                                                                                                  c)   FY 22-23: 2,614.04

                                                                                                                                                  Profit After Tax (₹ crore)

                                                                                                                                                  a)   FY 24-25: (45.14)

                                                                                                                                                  b)   FY 23-24: 43.74

                                                                                                                                                  c)   FY 22-23: 32.53

                                                                                                                                                  Net worth (₹ crore)

                                                                                                                                                  a)   FY 24-25: 1,472.80

                                                                                                                                                  b)   FY 23-24: 1,268.70

                                                                                                                                                  c)   FY 22-23: 1,224.96

 2.   Whether the acquisition would fall within         related party                                                                             No. The share purchase is being undertaken between Tata Steel and TEMPL. They
      transaction(s) and whether the promoter/promoter group/ group companies have                                                                are not related parties to each other. Further promoter/promoter group/ group
      any interest in                  the entity being acquired?                                                                                 companies of Tata Steel do not have any interest in
      If yes, nature of interest and details thereof and whether the same is done at                                                                                 the entity being acquired.
      "arm's length"
 3.   Industry to   which   the   entity   being acquired belongs.                                                                                Manufacturing and Trading of Iron Ore Pellets
 4.   Objects and impact of acquisition (including but not limited to, disclosure                                                                 The acquisition aims to secure pellet making facility for supply of iron ore
      of                                 reasons for                                                                                              pellets to Tata Steel in India.
      acquisition of target entity, if  its business is outside the main line of
      business of the listed entity)
 5.   Brief details of any governmental or regulatory approvals required for the                                                                  The transaction is subject to approval from Competition Commission of India.
      acquisition
 6.   Indicative time period for completion of the acquisition                                                                                    The transaction is expected to be completed within a period of 3 - 4 months,
                                                                                                                                                  subject to necessary regulatory approvals.
 7.   Consideration - whether cash         consideration or share swap or                                                                         Cash consideration
      any other form and details of the same
 8.   Cost of acquisition and/or the price at which the shares are acquired                                                                       The shares will be acquired for an aggregate cash consideration of up to
                                                                                                                                                  ₹636 crore, subject to closing adjustments.
 9.   Percentage of shareholding/ control   acquired and/or number of shares                                                                      Tata Steel acquired 90,06,801 shares of face value ₹10/- each comprising
      acquired                                                                                                                                    50.01% equity stake in TPPL from TEMPL.
 10.  Brief background about the entity acquired in terms of products/line of                                                                       Please refer Point 1 of this table.
      business acquired, date of incorporation, history of last 3 years turnover,
      country in which the acquired entity has presence and any other significant
      information (in brief).

 

 

http://www.rns-pdf.londonstockexchange.com/rns/0596L_1-2025-12-10.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/0596L_1-2025-12-10.pdf)

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  ROMZBLFFELLFFBQ



            Copyright 2019 Regulatory News Service, all rights reserved