Outcome of the Meeting of Committee of Directors

Summary by AI BETAClose X

Tata Steel Limited has approved the divestment of its entire 100% equity stake in its wholly-owned subsidiary, Jamshedpur Football and Sporting Private Limited, to Churchill Brothers Sports Club Private Limited for a nominal consideration of ₹100. This transaction, which involves the transfer of 4,08,00,000 equity shares, is subject to conditions precedent including approvals from the All-India Football Federation. A Share Purchase Agreement has been entered into, outlining the terms of the transfer.

Disclaimer*

Tata Steel Limited
14 August 2026
 

 

Ref No. SEC/837/2026-27

                        August 14, 2026

 

London Stock Exchange

London

 

Dear Madam, Sirs,

 

Sub: Outcome of the Meeting of Committee of Directors - Divestment of entire stake held in Jamshedpur Football and Sporting Private Limited, wholly owned subsidiary

 

The Committee of Directors (constituted by the Board of Directors of Tata Steel Limited at its meeting held on July 30, 2026 to consider and approve the proposal of divestment of stake in Jamshedpur Football and Sporting Private Limited), at its meeting held today i.e., August 14, 2026, considered and approved the transfer of entire 100% equity stake comprising of 4,08,00,000 equity shares of face value ₹10/- each held by Tata Steel Limited in Jamshedpur Football and Sporting Private Limited ('JFSPL'), wholly owned subsidiary, to Churchill Brothers Sports Club Private Limited ('Churchill'), at a nominal consideration of ₹100/-.

 

Pursuant to the aforesaid approval, Tata Steel Limited and Churchill have, today, entered into a Share Purchase Agreement setting out the terms and conditions governing the proposed transfer of Tata Steel's entire shareholding (100%) in JFSPL to Churchill.

 

The completion of the transaction is subject to the satisfaction of certain conditions precedent, including receipt of necessary approvals from the All-India Football Federation and completion of other customary actions and activities as agreed between Tata Steel and Churchill.

 

Details relating to this transaction are provided in Annexure 1.

 

Further, please find enclosed press release titled "Tata Steel transfers ownership of Jamshedpur Football & Sporting Pvt. Ltd. to Churchill Brothers FC" in relation to the above transaction, as Annexure 2.

 

The meeting started at 12 noon (IST) and concluded at 12:15 p.m. (IST).

 

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

 

Thank you.



http://www.rns-pdf.londonstockexchange.com/rns/7319Q_1-2026-8-14.pdf 

 

 

 

 

 

 

 

 

 

 

 

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