REG - Tata Steel Limited - Outcome of Board Meeting

TATA SteelAnnouncement

11/11/2021 14:55

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211111:nRSK1343Sa&default-theme=true

RNS Number : 1343S  Tata Steel Limited  11 November 2021

November 11, 2021

 

 

London Stock Exchange

London

 

Dear Madam, Sir,

Re: Outcome of Board Meeting

 

The Board of Directors of Tata Steel Limited ('the Company') at its
meeting held today, i.e. November 11, 2021, inter
alia, approved the audited Standalone and unaudited Consolidated
Financial Results of the Company for the quarter and half year ended
September 30, 2021. The
financial information as required to be provided in terms of Regulation 52(4) of the Securities and
Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015 ('Listing Regulations') forms part of the
Financial Results.

Further, we confirm that, pursuant to Regulation 52(7) & (7A) of the Listing Regulations, the issue
proceeds of non-convertible securities have been fully
utilized without any material deviation.

A copy of the said Results together with the Auditors' Report for quarter and
half year ended September 30, 2021, Press Release and Investor Presentation
are enclosed herewith.

http://www.rns-pdf.londonstockexchange.com/rns/1343S_1-2021-11-11.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/1343S_1-2021-11-11.pdf)

In terms of the Composite Scheme of Amalgamation of Bamnipal Steel Limited ('BNPL') and Tata
Steel BSL Limited ('TSBSL') into and
with Tata Steel Limited ('Scheme of Amalgamation') as
approved and sanctioned by the Hon'ble National
Company Law Tribunal, Mumbai bench vide Order dated October 29,
2021, the Board of Directors of the Company, today, approved the
issuance of one fully paid-up Equity Share
of Tata Steel Limited of face value Rs. 10/- each for
every fifteen Equity shares of TSBSL of face value Rs.
2/- each upto 1,99,34,052 equity shares,
to eligible shareholders of TSBSL as on the Record Date i.e., November 16, 2021 (as announced
by TSBSL). Further, in terms of the Scheme of Amalgamation, the Equity shares owned by BNPL
in TSBSL and Equity shares owned by the Company in
BNPL shall stand cancelled. Also, the Preference shares held by the
Company in TSBSL shall also stand cancelled.

The Board meeting commenced at 2:30 p.m. (IST) and concluded
at 6.30 p.m. (IST).

The above announcements are also being made available on the website of the
Company www.tatasteel.com (http://www.tatasteel.com)

 

This disclosure is being submitted pursuant to Regulation 30 read
with Regulation 51 of the Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended.

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  MSCDKDBQQBDDCDD