Last checked at 24 May 2024 17:45
May 24, 2024
London Stock Exchange
London
Dear Sir, Madam,
Sub: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
This is further to our disclosure dated April 2, 2024 in connection with the writ petition filed by Tata Steel Limited ('Company') in the Hon'ble High Court of Calcutta ('Hon'ble High Court'), in the matter of rejection of a representation made by the Company in respect of waiver of loans availed by the Company from the Steel Development Fund ('SDF'). The loan outstanding (principal and interest) as of the last annual audited financial statements is ₹2,751.17 crore. The entire amount of ₹2,751.17 crore has already been accounted for as Borrowings in the last audited financial statements.
In connection with the above, the Hon'ble High Court, today i.e., May 24, 2024, dismissed the writ petition filed by the Company, with a liberty to the Company, to approach the Joint Plant Committee. The Company will seek further legal remedies in the matter.
This disclosure is being made by the Company in compliance with Regulation 30 read withPart A, Para B of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
This is for your information and records.