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Tata Steel Limited's Board of Directors met on July 24, 2023, approving the Audited Standalone and Unaudited Consolidated Financial Results for the quarter ended June 30, 2023. The Board also unanimously approved the re-appointment of Mr. T. V. Narendran as Chief Executive Officer and Managing Director. This re-appointment is for a five-year period, effective from September 19, 2023, to September 18, 2028, and is subject to shareholder approval.
| Date | 24 Jul 2023 |
| Time | 14:37:58 |
| Category | Miscellaneous |
| ID | 9997G |
July 24, 2023
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The London Stock Exchange London
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Dear Sir, Madam,
Re: Outcome of Board Meeting of Tata Steel Limited
The Board of Directors of Tata Steel Limited ('Company') at its meeting held today i.e., Monday, July 24, 2023, inter alia, transacted the following business:
(a) Financial Results: Approved the Audited Standalone and Unaudited Consolidated Financial Results of the Company for the quarter ended June 30, 2023.
The financial information as required to be provided in terms of Regulation 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 forms part of the Financial Results.
A copy of the said Results together with the Auditors' Report for the quarter ended June 30, 2023 are enclosed herewith as Annexure - 1.
(b) Re-Appointment of Chief Executive Officer and Managing Director: Based on the recommendation of the Nomination and Remuneration Committee, the Board considered and unanimously approved the re-appointment of Mr. T. V. Narendran (DIN: 03083605) as the Chief Executive Officer and Managing Director of the Company for a further period of five years effective September 19, 2023 through September 18, 2028, not liable to retire by rotation. The re-appointment is subject to approval of the shareholders of the Company.
Mr. Narendran's present tenure as CEO & MD will conclude on September 18, 2023.
There are no inter-se relations between Mr. Narendran and other Members of the Board. Further, Mr. Narendran is not debarred from holding office of Director by virtue of any order passed by the Securities and Exchange Board of India or any other such authority.
The details pertaining to the re-appointment of Mr. Narendran is enclosed as Annexure - 2.
Also find attached the press release and investor's presentation.
http://www.rns-pdf.londonstockexchange.com/rns/9997G_1-2023-7-24.pdf
The above announcements are also being made available on the website of the Company at
This disclosure is made in compliance with Regulation 30 read with Regulation 51 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
This is for your information and records.