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Tata Steel Limited's Members passed 14 ordinary resolutions concerning Material Related Party Transactions with various entities. The approval was conducted via a remote e-voting postal ballot, which concluded on May 29, 2023. A scrutinizer's report submitted on May 30, 2023, confirmed that these resolutions passed with the requisite majority.
| Date | 30 May 2023 |
| Time | 14:52:17 |
| Category | Miscellaneous |
| ID | 0572B |
May 30, 2023
London Stock Exchange,
London
Dear Madam, Sirs,
Sub: Result of Postal Ballot by remote e-voting process
This is further to our disclosure dated April 28, 2023, enclosing the copy of Postal Ballot Notice dated April 26, 2023 ('Notice') for seeking approval of the Members of Tata Steel Limited ('the Company') on the following ordinary resolutions:
|
SN |
Description of the Ordinary Resolution(s) |
|
1. |
Material Related Party Transaction(s) with Neelachal Ispat Nigam Ltd |
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2. |
Material Related Party Transaction(s) with Tata Steel Long Products Limited |
|
3. |
Material Related Party Transaction(s) with Jamshedpur Continuous Annealing & Processing Company Private Limited |
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4. |
Material Related Party Transaction(s) with Tata BlueScope Steel Private Limited |
|
5. |
Material Related Party Transaction(s) with The Tinplate Company of India Ltd |
|
6. |
Material Related Party Transaction(s) with TM International Logistics Limited |
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7. |
Material Related Party Transaction(s) with Tata Metaliks Ltd |
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8. |
Material Related Party Transaction(s) with The Tata Power Company Limited |
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9. |
Material Related Party Transaction(s) with The Indian Steel and Wire Products Ltd |
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10. |
Material Related Party Transaction(s) with Tata International Limited |
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11. |
Material Related Party Transaction(s) between TS Global Procurement Company Pte Ltd, wholly-owned subsidiary of Tata Steel Limited and Neelachal Ispat Nigam Ltd, subsidiary company of Tata Steel Limited |
|
12. |
Material Related Party Transaction(s) between TS Global Procurement Company Pte Ltd, wholly-owned subsidiary of Tata Steel Limited and Tata International Singapore Pte. Limited, indirect subsidiary company of the Promoter company of Tata Steel Limited |
|
13. |
Material Related Party Transaction(s) between TS Global Procurement Company Pte Ltd, wholly-owned subsidiary of Tata Steel Limited and Tata NYK Shipping Pte. Ltd, Joint Venture Company of Tata Steel Limited |
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14. |
Material Related Party Transaction(s) between Tata Steel Ijmuiden BV, wholly-owned subsidiary of Tata Steel Limited and Wupperman Staal Nederland BV, an Associate Company of Tata Steel Limited |
Pursuant to the provisions of Section 110, Section 108 and other applicable provisions of the Companies Act, 2013, read with related Rules, as amended, Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') read with other applicable SEBI Circulars and the Secretarial Standard on General Meetings issued by The Institute of Company Secretaries of India, the Company has transacted special business by way of Postal Ballot through remote e-voting process as set out in the Notice.
The remote e-voting process concluded on Monday, May 29, 2023 at 5:00 p.m. (IST). The Scrutinizer has today, i.e., May 30, 2023, submitted his report on the results of the Postal Ballot through remote e-voting. Based on the report of the scrutinizer, we hereby inform that, the Members of the Company have duly passed the above Ordinary Resolutions with requisite majority.
Pursuant to Regulation 44(3) of the Listing Regulations, we are enclosing herewith the details of the voting results as Annexure A and the Report of the Scrutinizer as Annexure B.
The voting results and the Report of the Scrutinizer are being made available on the website of the Company www.tatasteel.com and on website of National Securities Depository Limited www.evoting.nsdl.com as well as on the notice board at the Registered Office of the Company at Bombay House, 24 Homi Mody Street, Fort, Mumbai 400 001.
This is for your information and records.
http://www.rns-pdf.londonstockexchange.com/rns/0572B_1-2023-5-30.pdf