REG - Tata Steel Limited - Outcome of Board meeting

TATA SteelAnnouncement

02/05/2023 17:00

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RNS Number : 1712Y  Tata Steel Limited  02 May 2023

May 2, 2023

 

 London Stock Exchange

 London

 

Dear Madam, Sirs,

Sub: Outcome of Board meeting

 

This is with reference to our intimation dated April 14, 2023.

 

The Board of Directors ('Board') of Tata Steel Limited ('Company') at its
meeting held today, i.e., May 2, 2023, inter alia, transacted the following
business:

 

1.   Financial Results

 

a.)  Considered and approved the audited Standalone and unaudited
Consolidated Financial Statements and Results of the Company for the quarter
ended March 31, 2023.

 

b.)  Considered and approved the audited Standalone and Consolidated
Financial Statements and Results of the Company for the financial year ended
March 31, 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.

 

Price Waterhouse & Co. Chartered Accountants LLP, the Statutory Auditors
of the Company have issued auditors' reports with an unmodified opinion on the
Financial Results of the Company for the Financial Year ended March 31, 2023.
Further, there are no opinions / adverse remarks provided by the auditors in
their audit report which have bearing on the interest payment / principal
repayment capacity of the Company.

 

2.   Dividend and 116(th) Annual General Meeting

 

Recommended a dividend of ₹3.60 per Ordinary (Equity) Share of ₹1/- each
(360%) to the shareholders of the Company for the FY2022-23.

 

The dividend recommended by the Board of Directors of the Company is subject
to the approval of the shareholders at the ensuing Annual General Meeting
(AGM) of the Company scheduled to be held on Wednesday, July 5, 2023.

 

The dividend, if approved by the shareholders at the AGM, will be paid,
subject to deduction of tax at source, on and from Monday, July 10, 2023.

 

3.   Book Closure

 

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, the Board approved the closure of the
Register of Members and Share Transfer Books of the Company from Friday, June
23, 2023 to Wednesday, July 5, 2023 (both days inclusive) for taking record of
the Members of the Company for the purpose of payment of dividend and the AGM
for the financial year ended March 31, 2023.

 

The Board meeting commenced at 2.30 p.m. (IST) and concluded at 6:15 p.m.
(IST).

 

A copy of the said results together with the Auditors' Report for quarter and
financial year ended March 31, 2023, press release, investor presentation are
enclosed herewith.

 

These are also being made available on the website of the Company at
www.tatasteel.com (http://www.tatasteel.com)

 

This is for your information and records.

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