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

TATA SteelAnnouncement

24/07/2023 14:45

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RNS Number : 9997G  Tata Steel Limited  24 July 2023

July 24, 2023

 

 The London Stock Exchange

 London

Dear Sir, Madam,

 

Re: Outcome of Board Meeting of Tata Steel Limited

 

The Board of Directors of Tata Steel Limited ('Company') at its meeting held
today i.e., Monday, July 24, 2023, inter alia, transacted the following
business:

 

(a)  Financial Results: Approved the Audited Standalone and Unaudited
Consolidated Financial Results of the Company for the quarter ended June 30,
2023.

 

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 forms part of the Financial
Results.

 

A copy of the said Results together with the Auditors' Report for the quarter
ended June 30, 2023 are enclosed herewith as Annexure - 1.

 

(b)  Re-Appointment of Chief Executive Officer and Managing Director: Based
on the recommendation of the Nomination and Remuneration Committee, the Board
considered and unanimously approved the re-appointment of Mr. T. V. Narendran
(DIN: 03083605) as the Chief Executive Officer and Managing Director of the
Company for a further period of five years effective September 19, 2023
through September 18, 2028, not liable to retire by rotation. The
re-appointment is subject to approval of the shareholders of the Company.

 

Mr. Narendran's present tenure as CEO & MD will conclude on September 18,
2023.

 

There are no inter-se relations between Mr. Narendran and other Members of the
Board. Further, Mr. Narendran is not debarred from holding office of Director
by virtue of any order passed by the Securities and Exchange Board of India or
any other such authority.

 

The details pertaining to the re-appointment of Mr. Narendran is enclosed as
Annexure - 2.

 

Also find attached the press release and investor's presentation.

http://www.rns-pdf.londonstockexchange.com/rns/9997G_1-2023-7-24.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/9997G_1-2023-7-24.pdf)

The above announcements are also being made available on the website of the
Company at

www.tatasteel.com (http://www.tatasteel.com)

 

This disclosure is made in compliance with Regulation 30 read with Regulation
51 and 52 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 and the SEBI Circular No.
SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

 

This is for your information and records.

 

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