Outcome of Board Meeting - Tata Steel Limited

Tata Steel Limited

24 July 2023

 

July 24, 2023

The 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., Monday, July 24, 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 ended June 30, 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.

A copy of the said Results together with the Auditors' Report for the quarter ended June 30, 2023 are enclosed herewith as Annexure - 1.

(b)  Re-Appointment of Chief Executive Officer and Managing Director: Based on the recommendation of the Nomination and Remuneration Committee, the Board considered and unanimously approved the re-appointment of Mr. T. V. Narendran (DIN: 03083605) as the Chief Executive Officer and Managing Director of the Company for a further period of five years effective September 19, 2023 through September 18, 2028, not liable to retire by rotation. The re-appointment is subject to approval of the shareholders of the Company.

Mr. Narendran's present tenure as CEO & MD will conclude on September 18, 2023.

There are no inter-se relations between Mr. Narendran and other Members of the Board. Further, Mr. Narendran is not debarred from holding 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 the re-appointment of Mr. Narendran is enclosed as Annexure - 2.

Also find attached the press release and investor's presentation.

http://www.rns-pdf.londonstockexchange.com/rns/9997G_1-2023-7-24.pdf

The above announcements are also being made available on the website of the Company at

www.tatasteel.com

This disclosure is made in compliance with Regulation 30 read with Regulation 51 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

This is for your information and records.

 

END