Acquisition of equity stake in TSHP

Summary by AI ^BETAClose X

Tata Steel Limited has acquired 178,571,4286 equity shares of its wholly owned foreign subsidiary, T Steel Holdings Pte. Ltd., for USD 180 million, equivalent to approximately ₹1,680.27 crore. This transaction, which occurred on March 24, 2026, ensures T Steel Holdings Pte. Ltd. remains a wholly owned subsidiary and is in compliance with SEBI Listing Obligations and Disclosure Requirements.

Disclaimer*

Tata Steel Limited

24 March 2026

Ref.: SEC/2152/2025-26

March 24, 2026

London Stock Exchange

London

Dear Madam, Sirs,

Sub: Acquisition of equity stake in T Steel Holdings Pte. Ltd

This is further to our disclosures dated May 12, 2025, June 25, 2025, July 10, 2025, August 26, 2025, September 24, 2025, October 29, 2025, December 19, 2025, February 2, 2026 and February 26, 2026 regarding infusion of funds by Tata Steel Limited ('Company') by way of subscription to equity shares of T Steel Holdings Pte. Ltd ('TSHP'), a wholly owned foreign subsidiary of the Company.

In this connection, we wish to inform you that, the Company has today i.e., on March 24, 2026, acquired 178,57,14,286 equity shares of face value USD 0.1008 each aggregating to USD 180 million (~₹1,680.27 crore*) in TSHP. Post this acquisition, TSHP will continue to be a wholly owned foreign subsidiary of the Company.

This disclosure is being made in compliance with Regulation 30 and 51 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

*USD to INR exchange rate has been taken as ₹93.3483 as published by Reserve Bank of India on
March 20, 2026.

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