Outcome of NCLT Meeting of Equity Shareholders

March 26, 2021

Dear Madam, Sirs,

Subject: Summary of Proceedings and Voting Results of the Meeting of the Equity Shareholders of Tata Steel Limited ('Company') convened pursuant to the directions of the Hon'ble National Company Law Tribunal, Mumbai Bench ('NCLT') held on March 26, 2021

We refer to our letters dated February 17, 2021 and February 19, 2021.

Pursuant to the order dated February 20, 2020 in the Company Scheme Application No. CA (CAA) 3083/MB/2019 and orders dated January 11, 2021, January 19, 2021 and February 5, 2021 in the Company Application No. 1056/2020 (collectively 'Orders'), passed by the NCLT, and in compliance with applicable provisions of the Companies Act, 2013 ('Act') and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), each as amended from time to time, the meeting of the Equity Shareholders of the Company ('Members') was held on Friday, March 26, 2021 at 11:00 a.m. (IST) through two-way video conferencing/other audio-visual means ('VC/OAVM') ('Meeting') to approve the Composite Scheme of Amalgamation of Bamnipal Steel Limited and Tata Steel BSL Limited (formerly known as Bhushan Steel Limited) into and with Tata Steel Limited ('Scheme'). The Scheme was approved by the shareholders of the Company with requisite majority. The Company also facilitated the live webcast of the proceedings of the Meeting.

In this regard, please find enclosed the following:

(i)      Summary of the proceedings of the Meeting of the Company, as required under Regulation 30 and Part A of Schedule Ill of the SEBI Listing Regulations enclosed as Annexure - A.

(ii)      Consolidated voting results of the postal ballot and remote e-voting (prior to as well as during the meeting), in relation to the item of business transacted at the said Meeting, as required under Regulation 44(3) of the SEBI Listing Regulations enclosed as
Annexure - B.

(iii)     The Scrutinizer's Report dated March 26, 2021, pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 enclosed as Annexure - C.

The Meeting concluded at 12.15 p.m. (IST).

The Voting Results along with the Scrutinizer's Report is available on the website of the Company at www.tatasteel.com and the National Securities Depository Limited at www.evoting.nsdl.com 

You are requested to kindly take the same on record.

http://www.rns-pdf.londonstockexchange.com/rns/6935T_1-2021-3-26.pdf