Disclosure under Regulations 30 & 51 of SEBI LODR

19 August 2025 23:05:59
Source: Sharecast

RNS Number : 9537V

Tata Steel Limited

19 August 2025

Ref: SEC/738/2025-26

August 19, 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 is in continuation to disclosure no. SEC/523/2025-26 dated July 4, 2025 and disclosure no. SEC/700/2025-26 dated August 8, 2025 made by Tata Steel Limited ('the 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.

In this connection, the Company, on August 8, 2025, had filed a 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.

Present Status:

The Hon'ble High Court heard the matter on August 14, 2025. Based on the copy of the order received by the Company on August 19, 2025, the Company hereby informs that, the Hon'ble High Court has tagged the Company's Writ Petition with Writ Petitions raising similar and identical issues that are pending before the Hon'ble High Court and due to be heard on September 2, 2025. Further, the Hon'ble High Court has also restrained the opposite parties/authorities from taking any coercive step till the next date of hearing of this matter.

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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END

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