REG - Tata Steel Limited - Outcome of Board Meeting

TATA SteelAnnouncement

06/02/2023 14:00

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RNS Number : 0570P  Tata Steel Limited  06 February 2023

February 6, 2023

 

London Stock Exchange

London

 

Dear Madam, Sir,

Re: Outcome of Board Meeting

 

This has reference to our letter dated January 12, 2023.

 

The Board of Directors ('Board') of Tata Steel Limited ('Company') at its
Meeting held today i.e., Monday, February 6, 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 and nine months ended December 31, 2022. 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 ('Listing Regulations') forms part of the
Financial Results.

 

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

 

b)  Scheme of Amalgamation:

 

Considered and approved the Scheme of Amalgamation of Angul Energy Limited
('AEL' / 'Transferor Company') into and with Tata Steel Limited ('Transferee
Company') (hereinafter referred to as 'the Scheme').

 

The Scheme was reviewed and recommended to the Board by the Committee of
Independent Directors and the Audit Committee of the Company.

 

The Scheme is subject to the receipt of approval from the (a) requisite
majority of the shareholders of the Transferor Company and Transferee Company;
(b) Competent Authority (as defined in the Schemes), (c) SEBI (d) The National
Stock Exchange of India Limited and the BSE Limited (hereinafter collectively
referred to as "Stock Exchanges"); and (e) such other approvals, permissions
and sanctions of regulatory and other statutory or governmental authorities /
quasi-judicial authorities, as may be necessary as per applicable laws.

 

The Scheme along with the related documents/certificates will be submitted to
the Stock Exchanges, as per the provisions of Regulation 37 of the Listing
Regulations read with the applicable SEBI Circulars.

 

Pursuant to Regulation 30 of the Listing Regulations, details in respect of
the Scheme are enclosed herewith as Annexure II.

 

The Board meeting commenced at 2:30 p.m. (IST) and concluded at 6:15 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/0570P_1-2023-2-6.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/0570P_1-2023-2-6.pdf)

This is for your information and records.

 

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