Disclosure under Reg 30&51 of Listing Regulations

Summary by AI ^BETAClose X

Tata Steel Limited has received a Demand Letter for ₹1902,72,53,760 concerning a revised assessment of mineral dispatch shortfall from its Sukinda Chromite Block. The company filed a writ petition challenging this demand, and the Hon'ble High Court of Orissa has extended interim protection against coercive action until the next hearing on December 3, 2025. This ongoing litigation and the potential financial impact remain a key disclosure for investors.

Disclaimer*

Tata Steel Limited

26 November 2025

Ref: SEC/1226/2025-26

November 26, 2025

London Stock Exchange

London

Dear Sir, Madam,

Sub: Disclosure under Regulations 30 and 51 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

This has reference to our disclosure dated October 13, 2025 regarding material litigation relating to the Sukinda Chromite Block of Tata Steel Limited ('Company').

Background:

On July 3, 2025, the Company had received a Demand Letter issued by the Office of Deputy Director of Mines, Jajpur ('Demand Letter'), raising a demand of ₹1902,72,53,760/-, in connection with revised assessment of shortfall in dispatch of minerals from the Company's Sukinda Chromite Block, for the fourth year in terms of Mine Development and Production Agreement (i.e., July 23, 2023 through July 22, 2024) in alleged violation of Rule 12-A of the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016 ('MCR 2016'), and consequent appropriation of performance security.

The Company, on August 8, 2025, had filed Writ petition (Civil) No. 22431 of 2025 before the Hon'ble High Court of Orissa at Cuttack ('Hon'ble High Court') inter alia seeking quashing of the Demand Letter. On August 14, 2025, the Hon'ble High Court tagged the petition with similar cases and granted interim protection, restraining opposite parties/authorities from taking coercive action until the next date of hearing this matter.

Thereafter, the matter was heard by the Hon'ble High Court on several occasions and the interim protection was extended till the next date for hearing.

Present Status:

The latest hearing on the matter was held on November 21, 2025. Based on the order copy made available today, i.e. November 26, 2025, the Company hereby informs that the Hon'ble High Court has further extended the interim protection till the next date of hearing scheduled on December 3, 2025.

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

This is for your information and records.

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