REG - Tata Steel Limited - Outcome of Board Meeting

TATA SteelAnnouncement

31/10/2022 14:00

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RNS Number : 7741E  Tata Steel Limited  31 October 2022

 
          October 31, 2022

London Stock Exchange

London

 

Dear Madam, Sir,

Subject: Outcome of Board Meeting

 

The Board of Directors ('Board') of Tata Steel Limited ('Company') at its
Meeting held today i.e., Monday, October 31, 2022, inter alia, transacted the
following business:

 

a)  Financial Results: Approved the audited Standalone and unaudited
Consolidated Financial Results of the Company for the quarter and half year
ended September 30, 2022. 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.

 

A copy of the Financial Results together with the Auditors' Report, Press
Release and Investor Presentation are enclosed herewith.

 

b)  Re-appointment of Whole-time Director: Based on the recommendation of the
Nomination and Remuneration Committee, the Board considered and unanimously
approved the re-appointment of Mr. Koushik Chatterjee (DIN: 00004989) as the
Whole-time Director ('WTD') designated as Executive Director and Chief
Financial Officer for a further period of five years effective

November 9, 2022, through November 8, 2027. This re-appointment is subject to
the approval of the Shareholders of the Company.

 

Mr. Chatterjee's present tenure as the WTD of the Company will conclude on

November 8, 2022.

 

There are no inter-se relations between Mr. Chatterjee and the other members
of the Board.

 

Further, Mr. Chatterjee is not debarred from holding the 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 re-appointment of Mr. Koushik Chatterjee are
enclosed herewith.

 

The Board meeting commenced at 1:30 p.m. (IST) and concluded at 5.05 p.m.
(IST).

 

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 being submitted in compliance with Regulation 30 read with
Regulation 51 of the Listing Regulations.

http://www.rns-pdf.londonstockexchange.com/rns/7741E_1-2022-10-31.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/7741E_1-2022-10-31.pdf)

 

This is for your information and records.

 

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