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On March 18, 2023, Tata Steel Limited's Stakeholders' Relationship Committee approved the conversion of 31,658 partly paid-up equity shares into fully paid-up shares. The company received the first and final call money of ₹461/- per share on these shares, which originally had a face value of ₹10/- each (₹2.504 paid-up). Shareholders had previously approved on June 28, 2022, a sub-division of one equity share of face value ₹10/- each into 10 equity shares of Re. 1/- each, resulting in the converted shares having a face value of Re. 1/- each.
| Date | 20 Mar 2023 |
| Time | 07:00:01 |
| Category | Corporate updates |
| ID | 4407T |
March 18, 2023
London Stock Exchange
London
Dear Madam, Sirs,
Re: Conversion of partly paid-up equity shares to fully paid-up equity shares
This has reference to our letters dated February 9, 2021, February 23, 2021, March 24, 2021, April 14, 2021, May 15, 2021, June 21, 2021, September 13, 2021, October 30, 2021, November 23, 2021, January 21, 2022 and February 8, 2023 in relation to the first and final call on the partly paid-up equity shares of the Company.
In this connection, the Stakeholders' Relationship Committee, duly authorized by the Board of Directors of the Company, has on March 18, 2023 approved the conversion of 31,658 partly paid-up equity shares into fully paid-up shares of the Company. The partly paid-up shares were of face value ₹10/- each (₹2.504 paid-up) on which the first and final call money of ₹461/- per share (comprising face value of ₹7.496 per share and securities premium of ₹453.504 per share) has been received.
The Shareholders of the Company at their Annual General Meeting held on June 28, 2022 has approved the sub-division of 1 equity share of face value ₹10/- each into 10 equity shares of face value Re. 1/- each.
Consequent to the sub-division of equity shares of the Company, the above-mentioned partly paid-up shares of face value ₹10/- each has been converted into fully paid-up equity shares of face value Re. 1/- each and ranks pari passu with the existing fully paid-up equity shares. Further, these shares shall be available to trade under the ISIN INE081A01020, subject to completion of necessary corporate actions and receipt of listing and trading approvals.
This disclosure is being made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
This is for your information and records.