Meeting Details

The 119th Annual General Meeting (AGM) of Tata Steel Limited was held on Thursday, July 2, 2026, from 10:30 a.m. to 2:05 p.m. (IST). The meeting was conducted through Video Conferencing/Other Audio-Visual Means with live webcast facility.

Attendance

  • Total shareholders on record date: 5,358,294
  • Promoters and promoter group attendees through VC: 7
  • Public shareholders attendees through VC: 270
  • Physical attendance was dispensed with as per regulatory guidelines

Key Participants

  • Mr. Natarajan Chandrasekaran, Chairman of the Board, chaired the meeting
  • All Directors of the Company were present
  • Representatives of Price Waterhouse & Co. Chartered Accountants LLP (Statutory Auditors)
  • M/s Shome & Banerjee (Cost Auditors)
  • M/s Parikh and Associates (Secretarial Auditors)
  • Union representatives of the Company
  • Mr. Parvatheesam Kanchinadham, Company Secretary and Chief Legal Officer

Business Transacted

The following eight resolutions were approved through remote e-voting prior to and during the meeting:

Ordinary Business

1. Adoption of Audited Standalone Financial Statements for FY2025-26 with Reports of Board of Directors and Auditors

  • Votes in favor: 9,196,954,609 (99.00% of valid votes)
  • Votes against: 93,129,801 (1.00% of valid votes)

2. Adoption of Audited Consolidated Financial Statements for FY2025-26 with Report of Auditors

  • Votes in favor: 9,194,334,038 (99.03% of valid votes)
  • Votes against: 90,087,192 (0.97% of valid votes)

3. Declaration of Dividend of ₹4 per Ordinary (equity) Share of face value ₹1 each for FY2025-26

  • Votes in favor: 9,357,220,583 (99.9993% of valid votes)
  • Votes against: 68,345 (0.0007% of valid votes)

4. Re-appointment of Mr. Koushik Chatterjee (DIN: 00004989) as Director retiring by rotation

  • Votes in favor: 9,064,455,659 (96.87% of valid votes)
  • Votes against: 292,821,414 (3.13% of valid votes)

Special Business

5. Ratification of Remuneration of Messrs Shome & Banerjee, Cost Auditors for FY2026-27

  • Votes in favor: 9,357,137,912 (99.9985% of valid votes)
  • Votes against: 137,134 (0.0015% of valid votes)

6. Material Related Party Transaction with Tata Capital Limited amounting to ₹15,060 crore

  • Votes in favor: 525,599,7442 (99.9947% of valid votes)
  • Votes against: 278,507 (0.0053% of valid votes)
  • Invalid votes: 54,962,950 (from 1 member)

7. Material Related Party Transaction with Tata International West Asia DMCC amounting to ₹5,715 crore

  • Votes in favor: 525,598,1905 (99.9945% of valid votes)
  • Votes against: 287,283 (0.0055% of valid votes)
  • Invalid votes: 54,962,950 (from 1 member)

8. Material Related Party Transaction between Tata Steel UK Limited (wholly owned subsidiary) and Tata International West Asia DMCC amounting to ₹6,700 crore

  • Votes in favor: 525,601,1609 (99.9950% of valid votes)
  • Votes against: 264,132 (0.0050% of valid votes)
  • Invalid votes: 54,962,950 (from 1 member)

Total Transaction Value

The three related party transactions approved aggregate to ₹27,475 crore.

Voting Process

The remote e-voting was conducted through NSDL's e-voting platform:

  • Pre-AGM voting period: June 28, 2026 (9:00 a.m.) to July 1, 2026 (5:00 p.m.)
  • Cut-off date for voting eligibility: June 25, 2026
  • Scrutinizer: P. N. Parikh of Parikh & Associates, Practising Company Secretaries

Additional Information

  • The Notice convening the AGM was dated May 15, 2026
  • No qualifications, observations or adverse remarks in the Statutory Auditors' or Secretarial Auditors' Reports
  • The Chairman addressed members on company performance during FY2025-26 and strategic plans
  • The CEO & Managing Director made a presentation on operational and financial performance
  • All required registers and documents were available for inspection in electronic mode