REG - Tata Steel Limited - Outcome of Board Meeting

TATA SteelAnnouncement

24/01/2024 17:45

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RNS Number : 8234A  Tata Steel Limited  24 January 2024

January 24, 2024

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., Wednesday, January 24, 2024, 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, 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 ('SEBI LODR') forms part of the Financial
Results.

 

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

 

(b) Issuance of shares in terms of the sanctioned Scheme of Amalgamation:

 

In terms of the Scheme of Amalgamation amongst Tata Steel Limited and Tata
Metaliks Limited ('TML') and their respective shareholders as approved and
sanctioned by the Hon'ble National Company Law Tribunal, Kolkata bench vide
Order dated

December 21, 2023 and the Hon'ble National Company Law Tribunal, Mumbai bench
vide Order dated January 11, 2024, the Board of Directors of the Company, has
approved the issuance of up to 9,97,01,239 fully paid-up equity shares of
₹1/-  each, in the ratio of

79 fully paid-up equity shares of Tata Steel Limited of face value ₹1/- each
for every

10 fully paid-up equity shares of TML of face value ₹10/- each, to the
eligible shareholders of TML as on the Record Date approved in accordance with
the Scheme of Amalgamation.

In accordance with the Scheme of Amalgamation, Tuesday, February 6, 2024, has
been fixed as the Record Date to determine the eligible shareholders of TML
who will receive fully paid-up equity shares of Tata Steel Limited as per the
share exchange ratio.

 

The Board meeting commenced at 2:30 p.m. (IST) and concluded at 6.35 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 made in compliance with Regulation 30 read with Regulation
51 and 52 of SEBI LODR, as amended.

 

http://www.rns-pdf.londonstockexchange.com/rns/8234A_1-2024-1-24.pdf
(http://www.rns-pdf.londonstockexchange.com/rns/8234A_1-2024-1-24.pdf)

This is for your information and records.

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