Tata Steel Limited Disclosure under Regulation 30 of SEBI LODR, 2015
24 May 2024 - 5:45PM
RNS Regulatory News
RNS Number : 9279P
Tata Steel Limited
24 May 2024
May 24,
2024
London Stock Exchange
London
Dear Sir, Madam,
Sub: Disclosure under
Regulation 30 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations,
2015
This is further
to our disclosure dated April 2, 2024 in
connection with the writ petition filed by
Tata Steel Limited ('Company') in the
Hon'ble High Court of Calcutta ('Hon'ble High
Court'), in the matter of rejection
of a representation made by the Company in respect of waiver of
loans availed by the Company from the Steel Development Fund
('SDF'). The loan outstanding
(principal and interest) as of the last annual audited financial
statements is ₹2,751.17 crore. The entire amount of ₹2,751.17 crore
has already been accounted for as Borrowings in the last audited
financial statements.
In connection with the above, the
Hon'ble High Court, today i.e., May 24, 2024, dismissed the writ
petition filed by the Company, with a liberty to the Company, to
approach the Joint Plant Committee. The Company will seek further
legal remedies in the matter.
This disclosure is being made by the
Company in compliance with Regulation 30 read with
Part A, Para B of Schedule III of the Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended.
This is for your information and
records.
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