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
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
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