‘Effective Date’ of the Scheme of Amalgamation

December 1, 2023 

London Stock Exchange

London

Dear Madam, Sirs, 

Subject: 'Effective Date' of the Scheme of Amalgamation of S & T Mining Company Limited into and with Tata Steel Limited

This has reference to our disclosures dated November 10, 2023, and November 22, 2023.

The Scheme of Amalgamation of S & T Mining Company Limited ('S&T Mining') into and with Tata Steel Limited ('Company') ('Scheme of Amalgamation'), was approved and sanctioned by the Hon'ble National Company Law Tribunal, Kolkata Bench vide Order dated November 10, 2023 ('NCLT Order').

We wish to inform you that S&T Mining and the Company have in terms of Clause 9.1(h) (Definition of Effective Date) read with Clause 21 (Scheme conditional upon) of the Scheme of Amalgamation, filed the certified copy of the NCLT Order, sanctioning the Scheme of Amalgamation with the respective jurisdictional Registrar of Companies on
November 30, 2023, and today, i.e., December 1, 2023, respectively. With this filing, the Company and S&T Mining have now complied with all the conditions specified in Clause 9.1 read with Clause 21 of the Scheme of Amalgamation.

Accordingly, in terms of Clause 8 (Effectiveness of the Scheme) read with Clause 9.1(h) (Definition of Effective Date) of Part I of the Scheme of Amalgamation, the captioned Scheme of Amalgamation has become operative and effective from today i.e., December 1, 2023 ('Effective Date').

In terms of the Scheme of Amalgamation, S&T Mining stands dissolved without being wound up, effective December 1, 2023. 

Further in terms of the Scheme of Amalgamation, the Memorandum of Association of the Company stands amended to the extent given below:

a.   The applicable main objects in the Memorandum of Association of S&T Mining shall be added to the matters which are necessary for furtherance of the objects of the Memorandum of Association of the Company, to the extent such objects are not already covered in the existing Memorandum of Association of the Company.

b.   The authorized share capital of ₹90 crore of S&T Mining stands merged with the authorized share capital of the Company. Consequently, the authorized share capital of the Company will be ₹31,315 crore.

This disclosure is being made in terms of 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 record.