Tata Steel CEO, MD, chairman, board of directors and AGM

NSE: TATASTEELBSE: 500470Ferrous MetalsLarge Cap

Formerly Tata Iron and Steel Co.

₹167.67₹4.66 (2.70%)BSE ₹167.25

Share price at the NSE close on 23 Oct 2026. Previous close ₹172.33.

52-week range of traded prices to 23 Oct 2026

₹160.06Low, 9 Dec 2025₹224.40High, 15 May 2026

Next results date: the board meets on 27 Oct 2026 to consider: financial results and other business matters.

Market cap: ₹2,09,311 Cr36th largest listed
P/E: 19.0
P/E without one-offs: 17.0
P/B: 2.0
Dividend yield: 2.39%
ROE: 11.4%
ROE without one-offs: 12.7%
ROCE: 11.9%
Debt to equity: 0.89
Volume, NSE: 3,03,32,37544.7% delivered

Tata Steel board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

ChairpersonNatarajan ChandrasekaranRelated to the promoter
Managing director and CEOT. V. Narendran
Company Secretary and Compliance OfficerParvatheesam Kanchinadham

10 directors5 independent2 executive3 non-executive

Natarajan Chandrasekaran · ChairpersonNon-executive · joined Jan 2017 · 7 listed boards
Noel Naval TataNon-executive · joined Mar 2022 · 5 listed boards · 1 committee seat, 1 as chair
Deepak KapoorIndependent · joined Apr 2017 · reappointed Apr 2022 · 114 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 3 as chair
Vijay Kumar SharmaIndependent · joined Mar 2022 · reappointed Mar 2022 · 54 months as independent · 4 listed boards · 4 as independent · 4 committee seats, 2 as chair
Bharti Gupta RamolaIndependent · joined Nov 2022 · reappointed Nov 2022 · 46 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 1 as chair
Shekhar Chintamani MandeIndependent · joined Jun 2023 · reappointed Jun 2023 · 40 months as independent · 2 listed boards · 2 as independent
Pramod AgrawalIndependent · joined Nov 2024 · reappointed Nov 2024 · 22 months as independent · 6 listed boards · 6 as independent · 4 committee seats, 1 as chair
Saurabh AgrawalNon-executive · joined Aug 2017 · reappointed Aug 2017 · 5 listed boards · 2 committee seats
T. V. Narendran · Managing director and CEOExecutive · joined Sep 2013 · reappointed Sep 2023 · 1 listed board · 1 committee seat
Koushik ChatterjeeExecutive · joined Nov 2012 · reappointed Nov 2022 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left

Farida Khambata, left 11 Dec 2024: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

Board
- 30 Jul 202610 of 10 present5 independent · 75 days in between
- 15 May 202610 of 10 present5 independent
Audit Committee
Chair Deepak Kapoor
Bharti Gupta Ramola, Pramod Agrawal, Saurabh Agrawal
- 30 Jul 20264 of 4 present3 independent · 75 days in between
- 15 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair Vijay Kumar Sharma
Natarajan Chandrasekaran, Deepak Kapoor
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair Pramod Agrawal
T. V. Narendran, Koushik Chatterjee
No meeting listed in the filing.
Risk Management Committee
Chair Bharti Gupta Ramola
Saurabh Agrawal, T. V. Narendran, Koushik Chatterjee, Samita Shah
- 28 Jul 20264 of 4 present1 independent · 75 days in between
- 13 May 20264 of 4 present1 independent
Corporate Social Responsibility Committee
Chair Deepak Kapoor
Shekhar Chintamani Mande, T. V. Narendran, Koushik Chatterjee
- 24 Jul 20264 of 4 present2 independent · 70 days in between
- 14 May 20264 of 4 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

Price Waterhouse & Co Chartered Accountants LLPPeer-review certificate valid to Nov 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Tata Steel AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Tata Steel dividend history

Annual general meeting, 2 Jul 2026

53,58,294 shareholders on the register on 25 Jun 2026; present: 7 promoters and 270 others; votes counted by P.N. Parikh / Parikh & Associates.The company's voting result (opens in a new tab)

To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary
99.00% for1.00% against
Against: promoters 0.00% · institutions 1.81% · other public 0.24%
Turnout: all 74.42% · promoters 99.72% · institutions 89.72% · other public 1.49%
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Report of the Auditors thereon.
Ordinary
99.03% for0.97% against
Against: promoters 0.00% · institutions 1.75% · other public 0.24%
Turnout: all 74.37% · promoters 99.72% · institutions 89.62% · other public 1.49%
Declaration of Dividend of ₹4/- per Ordinary (equity) Share of face value ₹1 /- each for the Financial Year 2025-26
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.17%
Turnout: all 74.96% · promoters 99.72% · institutions 90.89% · other public 1.49%
Appointment of a Director in the place of Mr. Koushik Chatterjee (DIN: 00004989), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks re-appointment.MoreLess
Ordinary
96.87% for3.13% against
Against: promoters 0.00% · institutions 5.61% · other public 0.43%
Turnout: all 74.96% · promoters 99.72% · institutions 90.89% · other public 1.49%
Ratification of Remuneration of Messrs Shome & Banerjee, Cost Accountants, appointed as the Cost Auditors of the Company for FY2026-27
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.35%
Turnout: all 74.96% · promoters 99.72% · institutions 90.89% · other public 1.49%
Material Related Party Transaction(s) with Tata Capital Limited
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.35%
Turnout: all 42.11% · promoters 0.00% · institutions 90.89% · other public 1.49%
Material Related Party Transaction(s) with Tata International West Asia DMCC
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.37%
Turnout: all 42.11% · promoters 0.00% · institutions 90.89% · other public 1.49%
Material Related Party Transaction(s) between Tata Steel UK Limited, wholly owned subsidiary of Tata Steel Limited, and Tata International West Asia DMCC, related party of Tata Steel Limited
OrdinaryPromoters have an interest in it
100.00% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.31%
Turnout: all 42.11% · promoters 0.00% · institutions 90.89% · other public 1.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 2 Jul 2025, 6 resolutions

60,61,549 shareholders on the register on 25 Jun 2025; present: 6 promoters and 283 others; votes counted by P. N. Parikh / Parikh & Associates.The company's voting result (opens in a new tab)

To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
Ordinary
99.88% for0.12% against
Against: promoters 0.00% · institutions 0.21% · other public 0.15%
Turnout: all 72.84% · promoters 99.72% · institutions 89.73% · other public 1.97%
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Report of the Auditors thereon.
Ordinary
99.92% for0.08% against
Against: promoters 0.00% · institutions 0.14% · other public 0.15%
Turnout: all 72.84% · promoters 99.72% · institutions 89.73% · other public 1.96%
Declaration of Dividend of ₹3.60 per Ordinary (equity) Share of face value ₹ 1 /- each for the Financial Year 2024-2025
Ordinary
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.02% · other public 0.16%
Turnout: all 73.44% · promoters 99.72% · institutions 91.09% · other public 1.96%
Appointment of a Director in the place of Mr. Noel Naval Tata (DIN: 00024713), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks re-appointment.
OrdinaryPromoters have an interest in it
96.91% for3.09% against
Against: promoters 0.00% · institutions 5.69% · other public 0.25%
Turnout: all 73.43% · promoters 99.72% · institutions 91.08% · other public 1.96%
Appointment of M/s Parikh & Associates, Practicing Company Secretaries, as the Secretarial Auditors of the Company for a period of five years, beginning from the Financial Year 2025-26 through the Financial Year 2029-30.MoreLess
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.21%
Turnout: all 73.43% · promoters 99.72% · institutions 91.08% · other public 1.96%
Ratification of Remuneration of Messrs Shome & Banerjee, Cost Accountants, appointed as the Cost Auditors of the Company for the Financial Year 2025-26
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.01% · other public 0.26%
Turnout: all 73.43% · promoters 99.72% · institutions 91.08% · other public 1.96%

Postal ballot, 15 May 2025, 20 resolutions

62,18,921 shareholders on the register on 4 Apr 2025; votes counted by P. N. Parikh / Parikh & Associates.The company's voting result (opens in a new tab)

Material Related Party Transaction(s) with Tata Capital Limited
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.63%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) with Neelachal Ispat Nigam Limited
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.64%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) with Tata BlueScope Steel Private Limited
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.67%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) with Jamshedpur Continuous Annealing & Processing Company Private Limited – Operational Transaction
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.63%
Turnout: all 39.20% · promoters 0.00% · institutions 89.07% · other public 2.10%
One-time Material Related Party Transaction(s) with Jamshedpur Continuous Annealing & Processing Company Private Limited - Financial Transaction
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.63%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) with Tata Motors Limited and Poshs Metal Industries Private Limited / ancillary entities of Tata Motors Limited, third-party entities
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.60%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) with TM International Logistics Limited
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.69%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) with Tata International Limited
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.64%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) with Tata International Singapore Pte. Limited
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.64%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) with The Tata Power Company Limited
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.61%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) with Tata International West Asia DMCC
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.69%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) with Tata Projects Limited
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.66%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
One-time Material Related Party Transaction(s) between TSMUK Limited and Tata Steel Minerals Canada Limited, both being subsidiary companies of Tata Steel Limited - Financial Transaction
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.65%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) between Tata Steel UK Limited, wholly owned subsidiary of Tata Steel Limited and Tata International West Asia DMCC, subsidiary company of the Promoter Company of Tata Steel LimitedMoreLess
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.65%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) between Tata Steel Downstream Products Limited, wholly owned subsidiary of Tata Steel Limited and Tata Motors Limited, part of Promoter Group of Tata Steel Limited and ancillary entities of Tata Motors LimitedMoreLess
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.61%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) between T S Global Procurement Company Pte. Limited, wholly owned subsidiary of Tata Steel Limited and Tata International Singapore Pte. Limited, subsidiary company of the Promoter company of Tata Steel LimitedMoreLess
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.63%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) between Tata Steel Minerals Canada Limited, subsidiary of Tata Steel Limited and IOC Sales Limited, a third party, to benefit Tata Steel IJmuiden BV, wholly owned subsidiary of Tata Steel Limited via T S Global Procurement Company Pte. Limited, wholly owned subsidiary of Tata Steel LimitedMoreLess
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.61%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) between Tata Steel Minerals Canada Limited, subsidiary of Tata Steel Limited and T S Global Procurement Company Pte. Limited, wholly owned subsidiary of Tata Steel LimitedMoreLess
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.65%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) between Neelachal Ispat Nigam Limited and T S Global Procurement Company Pte. Limited, both being subsidiary companies of Tata Steel Limited
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.61%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%
Material Related Party Transaction(s) between Tata Steel IJmuiden BV, wholly owned subsidiary of Tata Steel Limited and Wupperman Staal Nederland B.V., associate company of Tata Steel Limited
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.62%
Turnout: all 39.20% · promoters 0.00% · institutions 89.08% · other public 2.10%

Postal ballot, 25 Dec 2024, 1 resolution

The company's voting result (opens in a new tab)

Appointment of Mr. Pramod Agrawal (DIN: 00279727) as an Independent Director
Special
99.73% for0.27% against
Against: promoters 0.00% · institutions 0.49% · other public 0.84%
Turnout: all 72.07% · promoters 99.72% · institutions 90.06% · other public 2.15%

Annual general meeting, 15 Jul 2024, 9 resolutions

Present: 9 promoters and 314 others.The company's voting result (opens in a new tab)

To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024 and the Reports of the Board of Directors and Auditors thereon.
Ordinary
99.89% for0.11% against
Against: promoters 0.00% · institutions 0.21% · other public 0.12%
Turnout: all 71.00% · promoters 99.72% · institutions 85.44% · other public 2.11%
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024 and the Report of the Auditors thereon.
Ordinary
99.89% for0.11% against
Against: promoters 0.00% · institutions 0.21% · other public 0.12%
Turnout: all 71.00% · promoters 99.72% · institutions 85.44% · other public 2.11%
To declare dividend of Rs.3.60 per Ordinary (Equity) Share of face value Re.1/- each for Financial Year 2023-24.
Ordinary
99.84% for0.16% against
Against: promoters 0.00% · institutions 0.31% · other public 0.11%
Turnout: all 71.48% · promoters 99.72% · institutions 86.55% · other public 2.11%
To appoint a Director in the place of Mr. Saurabh Agrawaln(DIN:02144558), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks re-appointment.
Ordinary
95.12% for4.88% against
Against: promoters 0.00% · institutions 9.19% · other public 0.33%
Turnout: all 71.48% · promoters 99.72% · institutions 86.54% · other public 2.11%
Ratification of remuneration of Messrs Shome & Banerjee, Cost Auditors of the Company for the Financial Year 2024-25.
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 71.47% · promoters 99.72% · institutions 86.51% · other public 2.11%
Material Related Party Transaction(s) with Tata International West Asia DMCC
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 38.36% · promoters 0.00% · institutions 86.50% · other public 2.11%
Material modification in the approved related party transaction(s) with Tata InternationalnSingapore Pte. Limited
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.27%
Turnout: all 38.31% · promoters 0.00% · institutions 86.37% · other public 2.11%
Material modification in the approved related party transaction(s) with Tata InternationalnLimited
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 38.31% · promoters 0.00% · institutions 86.37% · other public 2.11%
Material Related Party Transaction(s) between Tata Steel UK Limited, a wholly ownednsubsidiary of Tata Steel Limited, and Tata International West Asia DMCC, a subsidiary company of the Promoter Company of Tata Steel LimitedMoreLess
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 38.36% · promoters 0.00% · institutions 86.50% · other public 2.11%

Postal ballot, 27 Apr 2024, 20 resolutions

The company's voting result (opens in a new tab)

Material Related Party Transaction(s) with Neelachal Ispat Nigam Ltd – Operational Transaction
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.33%
Turnout: all 39.15% · promoters 0.00% · institutions 88.25% · other public 2.24%
One time Material Related Party Transaction(s) with Neelachal Ispat Nigam Ltd – Financial Transaction
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.29%
Turnout: all 39.15% · promoters 0.00% · institutions 88.25% · other public 2.23%
Material Related Party Transaction(s) with The Indian Steel & Wire Products Ltd – Operational Transaction
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.27%
Turnout: all 39.15% · promoters 0.00% · institutions 88.25% · other public 2.23%
One time Material Related Party Transaction(s) with The Indian Steel & Wire Products Ltd – Financial Transaction
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.31%
Turnout: all 39.15% · promoters 0.00% · institutions 88.25% · other public 2.23%
Material Related Party Transaction(s) with Tata BlueScope Steel Private Limited
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 39.15% · promoters 0.00% · institutions 88.25% · other public 2.23%
Material Related Party Transaction(s) with Jamshedpur Continuous Annealing & Processing Company Private Limited
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.27%
Turnout: all 39.15% · promoters 0.00% · institutions 88.25% · other public 2.23%
Material Related Party Transaction(s) with TM International Logistics Limited
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 39.15% · promoters 0.00% · institutions 88.25% · other public 2.23%
Material Related Party Transaction(s) with Tata Capital Limited
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 39.15% · promoters 0.00% · institutions 88.25% · other public 2.23%
Material Related Party Transaction(s) with Tata International Limited
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.27%
Turnout: all 39.15% · promoters 0.00% · institutions 88.25% · other public 2.23%
Material Related Party Transaction(s) with Tata Projects Limited
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.27%
Turnout: all 39.15% · promoters 0.00% · institutions 88.25% · other public 2.23%
Material Related Party Transaction(s) with Tata International Singapore Pte. Limited
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.30%
Turnout: all 39.15% · promoters 0.00% · institutions 88.25% · other public 2.23%
Material Related Party Transaction(s) with The Tata Power Company Limited and its ancillary entities, third parties
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.26%
Turnout: all 39.12% · promoters 0.00% · institutions 88.19% · other public 2.23%
Material Related Party Transaction(s) with Tata Motors Limited and Poshs Metal Industries Private Limited / ancillary entities of Tata Motors Limited, third-party entities
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 39.12% · promoters 0.00% · institutions 88.19% · other public 2.23%
Material Related Party Transaction(s) between Neelachal Ispat Nigam Ltd and T S Global Procurement Company Pte. Ltd., both being subsidiary companies of Tata Steel Limited
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.27%
Turnout: all 39.12% · promoters 0.00% · institutions 88.19% · other public 2.22%
Material Related Party Transaction(s) between T S Global Holdings Pte. Ltd. and Tata Steel Minerals Canada Limited, both being subsidiary companies of Tata Steel Limited
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.32%
Turnout: all 39.12% · promoters 0.00% · institutions 88.19% · other public 2.23%
Material Related Party Transaction(s) between T S Global Procurement Company Pte. Ltd., wholly owned subsidiary of Tata Steel Limited and Tata NYK Shipping Pte. Ltd, joint venture company of Tata Steel LimitedMoreLess
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.30%
Turnout: all 39.12% · promoters 0.00% · institutions 88.19% · other public 2.22%
Material Related Party Transaction(s) between Tata Steel IJmuiden BV, wholly owned subsidiary of Tata Steel Limited and Wupperman Staal Nederland B.V., an associate company of Tata Steel Limited
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.31%
Turnout: all 39.12% · promoters 0.00% · institutions 88.19% · other public 2.23%
Material Related Party Transaction(s) between Tata Steel Downstream Products Limited, a wholly owned subsidiary of Tata Steel Limited and Tata Capital Limited, a subsidiary company of the Promoter company of Tata Steel LimitedMoreLess
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 39.12% · promoters 0.00% · institutions 88.19% · other public 2.22%
Material Related Party Transaction(s) between Tata Steel Downstream Products Limited, a wholly owned subsidiary of Tata Steel Limited and Tata Motors Limited, a related party of Tata Steel Limited and ancillary entities of Tata Motors LimitedMoreLess
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.28%
Turnout: all 39.12% · promoters 0.00% · institutions 88.19% · other public 2.22%
Material Related Party Transaction(s) between T S Global Procurement Company Pte. Ltd., wholly owned subsidiary of Tata Steel Limited and Tata International Singapore Pte. Limited, subsidiary company of the Promoter company of Tata Steel LimitedMoreLess
OrdinaryPromoters have an interest in it
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.29%
Turnout: all 39.12% · promoters 0.00% · institutions 88.19% · other public 2.22%

Postal ballot, 2 Mar 2024, 4 resolutions

The company's voting result (opens in a new tab)

Material modification in the approved related party transaction(s) with The Indian Steel and Wire Products Ltd
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.39%
Turnout: all 38.84% · promoters 0.00% · institutions 87.92% · other public 2.60%
Material modification in the approved related party transaction(s) between Tata Steel Downstream Products Limited, a wholly owned subsidiary of Tata Steel Limited and Tata Motors Limited, a related party of Tata Steel Limited, and ancillary entities of Tata Motors LimitedMoreLess
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.34%
Turnout: all 38.84% · promoters 0.00% · institutions 87.92% · other public 2.60%
Material modification in the approved related party transaction(s) with Tata Motors Limited and Poshs Metal Industries Private Limited / ancillary entities of Tata Motors Limited, third party entities
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.38%
Turnout: all 38.84% · promoters 0.00% · institutions 87.92% · other public 2.60%
Material related party transactions with Tata Capital Ltd, a related party of Tata Steel Limited
OrdinaryPromoters have an interest in it
99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.38%
Turnout: all 38.84% · promoters 0.00% · institutions 87.92% · other public 2.60%

Meeting called by the tribunal, 9 Feb 2024, 1 resolution

Present: 9 promoters and 78 others.The company's voting result (opens in a new tab)

Approval for the Scheme of Amalgamation amongst Tata Steel Limited and Angul Energy Limited and their respective Shareholders.
Special
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.14%
Turnout: all 71.55% · promoters 99.72% · institutions 86.02% · other public 2.13%

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 2 Jul 2026, 19 fund houses so far (houses' deadline to file 15 Oct 2026)

To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
19 for0 against
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Report of the Auditors thereon.
19 for0 against
Declaration of Dividend of ₹4/- per Ordinary (equity) Share of face value ₹1 /- each for the Financial Year 2025-26
19 for0 against
Appointment of a Director in the place of Mr. Koushik Chatterjee (DIN: 00004989), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks re-appointment.MoreLess
19 for0 against
Ratification of Remuneration of Messrs Shome & Banerjee, Cost Accountants, appointed as the Cost Auditors of the Company for FY2026-27
19 for0 against
Material Related Party Transaction(s) with Tata Capital Limited
19 for0 against
Material Related Party Transaction(s) with Tata International West Asia DMCC
19 for0 against
Material Related Party Transaction(s) between Tata Steel UK Limited, wholly owned subsidiary of Tata Steel Limited, and Tata International West Asia DMCC, related party of Tata Steel Limited
19 for0 against

Mutual fund votes, meeting of 2 Jul 2025, 37 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
37 for0 against
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025, together with the Report of the Auditors thereon.
36 for0 against
Declaration of Dividend of ₹3.60 per Ordinary (equity) Share of face value ₹ 1 /- each for the Financial Year 2024-2025
36 for0 against
Appointment of a Director in the place of Mr. Noel Naval Tata (DIN: 00024713), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks re-appointment.
37 for0 against
Appointment of M/s Parikh & Associates, Practicing Company Secretaries, as the Secretarial Auditors of the Company for a period of five years, beginning from the Financial Year 2025-26 through the Financial Year 2029-30.MoreLess
36 for0 against
Ratification of Remuneration of Messrs Shome & Banerjee, Cost Accountants, appointed as the Cost Auditors of the Company for the Financial Year 2025-26
36 for0 against

4 proposals not matched to one resolution

Item 2, as a fund house numbered it
1 for0 against
Item 3, as a fund house numbered it
1 for0 against
Item 5, as a fund house numbered it
1 for0 against
Item 6, as a fund house numbered it
1 for0 against

6 earlier meetings

Mutual fund votes, meeting of 15 May 2025, 37 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

Material Related Party Transaction(s) with Tata Capital Limited
36 for0 against
Material Related Party Transaction(s) with Neelachal Ispat Nigam Limited
31 for0 against
Material Related Party Transaction(s) with Tata BlueScope Steel Private Limited
31 for0 against
Material Related Party Transaction(s) with Jamshedpur Continuous Annealing & Processing Company Private Limited – Operational Transaction
32 for0 against
One-time Material Related Party Transaction(s) with Jamshedpur Continuous Annealing & Processing Company Private Limited - Financial Transaction
29 for0 against
Material Related Party Transaction(s) with Tata Motors Limited and Poshs Metal Industries Private Limited / ancillary entities of Tata Motors Limited, third-party entities
36 for0 against
Material Related Party Transaction(s) with TM International Logistics Limited
36 for0 against
Material Related Party Transaction(s) with Tata International Limited
31 for0 against
Material Related Party Transaction(s) with Tata International Singapore Pte. Limited
31 for0 against
Material Related Party Transaction(s) with The Tata Power Company Limited
31 for0 against
Material Related Party Transaction(s) with Tata International West Asia DMCC
31 for0 against
Material Related Party Transaction(s) with Tata Projects Limited
31 for0 against
One-time Material Related Party Transaction(s) between TSMUK Limited and Tata Steel Minerals Canada Limited, both being subsidiary companies of Tata Steel Limited - Financial Transaction
37 for0 against
Material Related Party Transaction(s) between Tata Steel UK Limited, wholly owned subsidiary of Tata Steel Limited and Tata International West Asia DMCC, subsidiary company of the Promoter Company of Tata Steel LimitedMoreLess
37 for0 against
Material Related Party Transaction(s) between Tata Steel Downstream Products Limited, wholly owned subsidiary of Tata Steel Limited and Tata Motors Limited, part of Promoter Group of Tata Steel Limited and ancillary entities of Tata Motors LimitedMoreLess
31 for0 against
Material Related Party Transaction(s) between T S Global Procurement Company Pte. Limited, wholly owned subsidiary of Tata Steel Limited and Tata International Singapore Pte. Limited, subsidiary company of the Promoter company of Tata Steel LimitedMoreLess
36 for0 against
Material Related Party Transaction(s) between Tata Steel Minerals Canada Limited, subsidiary of Tata Steel Limited and IOC Sales Limited, a third party, to benefit Tata Steel IJmuiden BV, wholly owned subsidiary of Tata Steel Limited via T S Global Procurement Company Pte. Limited, wholly owned subsidiary of Tata Steel LimitedMoreLess
29 for0 against
Material Related Party Transaction(s) between Tata Steel Minerals Canada Limited, subsidiary of Tata Steel Limited and T S Global Procurement Company Pte. Limited, wholly owned subsidiary of Tata Steel LimitedMoreLess
31 for0 against
Material Related Party Transaction(s) between Neelachal Ispat Nigam Limited and T S Global Procurement Company Pte. Limited, both being subsidiary companies of Tata Steel Limited
30 for0 against
Material Related Party Transaction(s) between Tata Steel IJmuiden BV, wholly owned subsidiary of Tata Steel Limited and Wupperman Staal Nederland B.V., associate company of Tata Steel Limited
36 for0 against

32 proposals not matched to one resolution

Item 1, as a fund house numbered it
1 for0 against
Item 2, as a fund house numbered it
1 for0 against
Item 3, as a fund house numbered it
1 for0 against
Item 5, as a fund house numbered it
1 for0 against
Item 6, as a fund house numbered it
1 for0 against
Item 7, as a fund house numbered it
1 for0 against
Item 8, as a fund house numbered it
1 for0 against
Item 9, as a fund house numbered it
1 for0 against
Item 10, as a fund house numbered it
1 for0 against
Item 11, as a fund house numbered it
1 for0 against
Item 12, as a fund house numbered it
1 for0 against
Item 15, as a fund house numbered it
1 for0 against
Item 16, as a fund house numbered it
1 for0 against
Item 17, as a fund house numbered it
1 for0 against
Item 18, as a fund house numbered it
1 for0 against
Item 20, as a fund house numbered it
1 for0 against
17) Approve material related party transactions between Tata Steel Minerals Canada Ltd (TSMC), an indirect foreign subsidiary and Tata Steel IJmuiden BV (TSIJ), indirect wholly owned subsidiary, aggregating Rs. 13.0 bn for FY26.MoreLess
1 for0 against
19) Approve material related party transactions between Neelachal Ispat Nigam Limited (NINL), a 99.66% subsidiary and TS Global Procurement Company Pte Ltd. (TSGPL), an indirect wholly owned subsidiary aggregating Rs. 20.0 bn for FY26,MoreLess
1 for0 against
5) Approve material related party transactions (financial) with JCAPCPL, a joint venture of Tata Steel Downstream Products Limited (wholly owned subsidiary), aggregating Rs. 0.84 bn (including commission) towards renewal of existing corporate guarantee till 31 March 2027.MoreLess
1 for0 against
Approve material related party transactions between Neelachal Ispat Nigam Limited (NINL), a 99.66% subsidiary and TS Global Procurement Company Pte Ltd. (TSGPL), an indirect wholly owned subsidiary aggregating Rs. 20.0 bn for FY26MoreLess
6 for0 against
Approve material related party transactions between Tata Steel Downstream Products Limited (TSDPL), a wholly owned subsidiary and Tata Motors Limited, an associate company of Tata Sons Private Limited (promoter company), and/or its ancillary entities, aggregating Rs. 35.55 bn for FY26MoreLess
5 for0 against
Approve material related party transactions between Tata Steel Minerals Canada Ltd (TSMC), an indirect foreign subsidiary and T S Global Procurement Company Pte. Ltd (TSGPL), an indirect wholly owned subsidiary, aggregating Rs. 9.0 bn for FY26MoreLess
5 for0 against
Approve material related party transactions between Tata Steel Minerals Canada Ltd (TSMC), an indirect foreign subsidiary and Tata Steel IJmuiden BV (TSIJ), indirect wholly owned subsidiary, aggregating Rs. 13.0 bn for FY26MoreLess
6 for0 against
Approve material related party transactions (financial) with JCAPCPL, a joint venture of Tata Steel Downstream Products Limited (wholly owned subsidiary), aggregating Rs. 0.84 bn (including commission) towards renewal of existing corporate guarantee till 31 March 2027MoreLess
6 for0 against
Approve material related party transactions (operational) with Jamshedpur Continuous Annealing & Processing Company Private Limited (JCAPCPL), a joint venture of Tata Steel Downstream Products Limited (wholly owned subsidiary), aggregating Rs. 52.85 bn for FY26MoreLess
5 for0 against
Approve material related party transactions (operational) with Neelachal Ispat Nigam Ltd (NINL), a 99.66% subsidiary, aggregating Rs. 89.25 bn for FY26
5 for0 against
Approve material related party transactions with Tata BlueScope Steel Private Limited_x000D_ (TBSPL), a joint venture of Tata Steel Downstream Products Limited (wholly owned subsidiary), aggregating Rs. 56.55 bn for FY26MoreLess
5 for0 against
Approve material related party transactions with Tata International Limited (TIL), a subsidiary of Tata Sons Private Limited (promoter company), aggregating Rs. 35.02 bn for FY26
5 for0 against
Approve material related party transactions with Tata International Singapore Pte. Limited (TISPL), a subsidiary of Tata Sons Private Limited (promoter company), aggregating Rs. 29.45 bn for FY26
5 for0 against
Approve material related party transactions with Tata International West Asia DMCC (TIWA), a subsidiary of Tata Sons Private Limited (promoter company), aggregating Rs. 22.7 bn for FY26
5 for0 against
Approve material related party transactions with Tata Projects Limited (TPL), an associate of Tata Sons Private Limited (promoter company), aggregating Rs. 17.65 bn for FY26
5 for0 against
Approve material related party transactions with The Tata Power Company Limited (TPCL), an associate company of Tata Sons Private Limited (promoter company) aggregating Rs. 23.75 bn for FY26
5 for0 against

Mutual fund votes, meeting of 25 Dec 2024, 34 fund houses

Appointment of Mr. Pramod Agrawal (DIN: 00279727) as an Independent Director
34 for0 against

Mutual fund votes, meeting of 15 Jul 2024, 37 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024 and the Reports of the Board of Directors and Auditors thereon.
35 for0 against
To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024 and the Report of the Auditors thereon.
35 for0 against
To declare dividend of Rs.3.60 per Ordinary (Equity) Share of face value Re.1/- each for Financial Year 2023-24.
35 for0 against
To appoint a Director in the place of Mr. Saurabh Agrawaln(DIN:02144558), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks re-appointment.
35 for0 against
Ratification of remuneration of Messrs Shome & Banerjee, Cost Auditors of the Company for the Financial Year 2024-25.
35 for0 against
Material Related Party Transaction(s) with Tata International West Asia DMCC
35 for0 against
Material modification in the approved related party transaction(s) with Tata InternationalnSingapore Pte. Limited
34 for0 against
Material modification in the approved related party transaction(s) with Tata InternationalnLimited
6 for0 against
Material Related Party Transaction(s) between Tata Steel UK Limited, a wholly ownednsubsidiary of Tata Steel Limited, and Tata International West Asia DMCC, a subsidiary company of the Promoter Company of Tata Steel LimitedMoreLess
34 for0 against

14 proposals not matched to one resolution

Item 1, as a fund house numbered it
1 for0 against
Item 2, as a fund house numbered it
1 for0 against
Item 3, as a fund house numbered it
1 for0 against
Item 4, as a fund house numbered it
1 for0 against
Item 5, as a fund house numbered it
1 for0 against
Item 6, as a fund house numbered it
1 for0 against
Item 7, as a fund house numbered it
1 for0 against
Item 8, as a fund house numbered it
1 for0 against
Item 9, as a fund house numbered it
1 for0 against
1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the Reports of the Board of Directors and the Auditors thereon. 2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the Report of the Auditors thereon. 3. To declare dividend of Rs. 3.60 per Ordinary (equity) Share of face value Re.1/- each for FY 2023-24. 4. To appoint a Director in the place of Mr. Saurabh Agrawal (DIN:02144558), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and, being eligible, seeks re-appointment. 5. Ratification of Remuneration of Cost Auditors. 6. Material Related Party Transaction(s) with Tata International West Asia DMCC. 7. Material modification in the approved related party transaction(s) with Tata International Singapore Pte. Limited. 8. Material modification in the approved related party transaction(s) with Tata International Limited. 9. Material Related Party Transaction(s) between Tata Steel UK Limited, a wholly owned subsidiary of Tata Steel Limited, and Tata International West Asia DMCC, a subsidiary company of the Promoter Company of Tata Steel LimitedMoreLess
1 for0 against
Increase limit of material related party transactions with Tata International Limited (TIL), a subsidiary of Tata Sons Private Limited (promoter company), by Rs. 20.0 bn to Rs. 62.1 bn for FY25
1 for0 against
Increase limit of material related party transactions with Tata International Singapore Pte. Limited (TISPL), a subsidiary of Tata Sons Private Limited (promoter company), by Rs. 17.0 bn to Rs. 73.56 bn for FY25MoreLess
1 for0 against
Material modification in the approved related party transaction(s) with Tata International Limited for aggregating to Rs. 6,210 crore, for purchase and sale of goods, rendering and receiving of services and other transactions for the purpose of business, to be entered during FY 2024- 25.MoreLess
27 for0 against
Material Related Party Transaction(s) between Tata Steel UK Limited, a wholly owned subsidiary of Tata Steel Limited, and Tata International West Asia DMCC, a subsidiary company of the Promoter Company of Tata Steel Limited.MoreLess
1 for0 against

Mutual fund votes, meeting of 27 Apr 2024, 37 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

Material Related Party Transaction(s) with Neelachal Ispat Nigam Ltd – Operational Transaction
28 for0 against
One time Material Related Party Transaction(s) with Neelachal Ispat Nigam Ltd – Financial Transaction
30 for0 against
Material Related Party Transaction(s) with The Indian Steel & Wire Products Ltd – Operational Transaction
35 for0 against
One time Material Related Party Transaction(s) with The Indian Steel & Wire Products Ltd – Financial Transaction
35 for0 against
Material Related Party Transaction(s) with Tata BlueScope Steel Private Limited
30 for0 against
Material Related Party Transaction(s) with Jamshedpur Continuous Annealing & Processing Company Private Limited
30 for0 against
Material Related Party Transaction(s) with TM International Logistics Limited
30 for0 against
Material Related Party Transaction(s) with Tata Capital Limited
30 for0 against
Material Related Party Transaction(s) with Tata International Limited
30 for0 against
Material Related Party Transaction(s) with Tata Projects Limited
30 for0 against
Material Related Party Transaction(s) with Tata International Singapore Pte. Limited
30 for0 against
Material Related Party Transaction(s) with The Tata Power Company Limited and its ancillary entities, third parties
30 for0 against
Material Related Party Transaction(s) with Tata Motors Limited and Poshs Metal Industries Private Limited / ancillary entities of Tata Motors Limited, third-party entities
35 for0 against
Material Related Party Transaction(s) between Neelachal Ispat Nigam Ltd and T S Global Procurement Company Pte. Ltd., both being subsidiary companies of Tata Steel Limited
30 for0 against
Material Related Party Transaction(s) between T S Global Holdings Pte. Ltd. and Tata Steel Minerals Canada Limited, both being subsidiary companies of Tata Steel Limited
28 for0 against
Material Related Party Transaction(s) between T S Global Procurement Company Pte. Ltd., wholly owned subsidiary of Tata Steel Limited and Tata NYK Shipping Pte. Ltd, joint venture company of Tata Steel LimitedMoreLess
35 for0 against
Material Related Party Transaction(s) between Tata Steel IJmuiden BV, wholly owned subsidiary of Tata Steel Limited and Wupperman Staal Nederland B.V., an associate company of Tata Steel Limited
35 for0 against
Material Related Party Transaction(s) between Tata Steel Downstream Products Limited, a wholly owned subsidiary of Tata Steel Limited and Tata Capital Limited, a subsidiary company of the Promoter company of Tata Steel LimitedMoreLess
28 for0 against
Material Related Party Transaction(s) between Tata Steel Downstream Products Limited, a wholly owned subsidiary of Tata Steel Limited and Tata Motors Limited, a related party of Tata Steel Limited and ancillary entities of Tata Motors LimitedMoreLess
30 for0 against
Material Related Party Transaction(s) between T S Global Procurement Company Pte. Ltd., wholly owned subsidiary of Tata Steel Limited and Tata International Singapore Pte. Limited, subsidiary company of the Promoter company of Tata Steel LimitedMoreLess
33 for0 against

62 proposals not matched to one resolution

Item 1, as a fund house numbered it
1 for0 against
Item 2, as a fund house numbered it
1 for0 against
Item 3, as a fund house numbered it
1 for0 against
Item 4, as a fund house numbered it
1 for0 against
Item 5, as a fund house numbered it
1 for0 against
Item 6, as a fund house numbered it
1 for0 against
Item 7, as a fund house numbered it
1 for0 against
Item 8, as a fund house numbered it
1 for0 against
Item 9, as a fund house numbered it
1 for0 against
Item 10, as a fund house numbered it
1 for0 against
Item 11, as a fund house numbered it
1 for0 against
Item 12, as a fund house numbered it
1 for0 against
Item 13, as a fund house numbered it
1 for0 against
Item 14, as a fund house numbered it
1 for0 against
Item 15, as a fund house numbered it
1 for0 against
Item 16, as a fund house numbered it
1 for0 against
Item 17, as a fund house numbered it
1 for0 against
Item 18, as a fund house numbered it
1 for0 against
Item 19, as a fund house numbered it
1 for0 against
Item 20, as a fund house numbered it
1 for0 against
Item 21, as a fund house numbered it
1 for0 against
1) Approve material related party transactions (operational) with Neelachal Ispat Nigam Ltd (NINL), a 99.66% subsidiary, aggregating Rs. 108.5 bn for FY25.
1 for0 against
1. Material Related Party Transaction(s) with Neelachal Ispat Nigam Ltd 2. One time Material Related Party Transaction(s) with Neelachal Ispat Nigam Ltd 3. Material Related Party Transaction(s) with The Indian Steel & Wire Products Ltd 4. One time Material Related Party Transaction(s) with The Indian Steel & Wire Products Ltd 5. Material Related Party Transaction(s) with Tata BlueScope Steel Private Limited 6. Material Related Party Transaction(s) with Jamshedpur Continuous Annealing & Processing Company Private Limited 7. Material Related Party Transaction(s) with TM International Logistics Limited 8. Material Related Party Transaction(s) with Tata Capital Limited 9. Material Related Party Transaction(s) with Tata International Limited 10. Material Related Party Transaction(s) with Tata Projects Limited 11. Material Related Party Transaction(s) with Tata International Singapore Pte. Limited 12. Material Related Party Transaction(s) with The Tata Power Company Limited and its ancillary entities, third parties 13. Material Related Party Transaction(s) with Tata Motors Limited and Poshs Metal Industries Private Limited / ancillary entities of Tata Motors Limited, third party entities 14. Material Related Party Transaction(s) between Neelachal Ispat Nigam Ltd and T S Global Procurement Company Pte. Ltd., both being subsidiary companies of Tata Steel Limited 15. Material Related Party Transaction(s) between T S Global Holdings Pte. Ltd. and Tata Steel Minerals Canada Limited, both being subsidiary companies of Tata Steel Limited 16. Material Related Party Transaction(s) between T S Global Procurement Company Pte. Ltd., wholly owned subsidiary of Tata Steel Limited and Tata NYK Shipping Pte. Ltd., joint venture company of Tata Steel Limited 17. Material Related Party Transaction(s) between Tata Steel IJmuiden BV, wholly owned subsidiary of Tata Steel Limited and Wupperman Staal Nederland B.V., an associate company of Tata Steel Limited 18. Material Related Party Transaction(s) between Tata Steel Downstream Products Limited, a wholly owned subsidiary of Tata Steel Limited and Tata Capital Limited, a subsidiary company of the Promoter Company of Tata Steel Limited 19. Material Related Party Transaction(s) between Tata Steel Downstream Products Limited, a wholly owned subsidiary of Tata Steel Limited and Tata Motors Limited, a related party of Tata Steel Limited and ancillary entities of Tata Motors Limited 20. Material Related Party Transaction(s) between T S Global Procurement Company Pte. Ltd., wholly owned subsidiary of Tata Steel Limited and Tata International Singapore Pte. Limited, indirect subsidiary company of the Promoter company of Tata Steel Limited 21. Material Related Party Transaction(s) between Tata Steel Minerals Canada Limited, an indirect subsidiary of Tata Steel Limited and IOC Sales Limited, a third party, to benefit Tata Steel UK Limited, a wholly owned subsidiary of Tata Steel Limited via T S Global Procurement Company Pte. Ltd., a wholly owned subsidiary of Tata Steel LimitedMoreLess
1 for0 against
10) Approve material related party transactions with Tata Projects Limited (TPL), an associate of Tata Sons Private Limited (promoter company), aggregating Rs. 28.05 bn for FY25.
1 for0 against
11) Approve material related party transactions with Tata International Singapore Pte. Limited (TISPL), a subsidiary of Tata Sons Private Limited (promoter company), aggregating Rs. 56.56 bn for FY25.
1 for0 against
12) Approve material related party transactions (operational) with The Tata Power Company Limited (TPCL), an associate company of Tata Sons Private Limited (promoter company) and/or its ancillary entities aggregating Rs. 38.2 bn for FY25.MoreLess
1 for0 against
14) Approve material related party transactions (operational) between TS Global Procurement Company Pte Ltd. (TSGPL), an indirect wholly owned subsidiary and Neelachal Ispat Nigam Limited (NINL), a 99.66% subsidiary, aggregating Rs. 34.0 bn for FY25.MoreLess
1 for0 against
15) Approve material related party transactions (financial) between T S Global Holdings Pte. Limited (TSGH), a step down wholly owned subsidiary and Tata Steel Minerals Canada Ltd (TSMC), an indirect foreign subsidiary, aggregating Rs. 11.5 bn for FY25.MoreLess
1 for0 against
18) Approve material related party transactions (operational) between Tata Steel Downstream Products Limited (TSDPL), a wholly owned subsidiary and Tata Capital Limited (TCL), a subsidiary of Tata Sons Private Limited (promoter company), aggregating Rs. 12.01 bn for FY25.MoreLess
1 for0 against
19) Approve material related party transactions (operational) between Tata Steel Downstream Products Limited (TSDPL), a wholly owned subsidiary and Tata Motors Limited, an associate company of Tata Sons Private Limited (promoter company), and/or its ancillary entities, aggregating Rs. 40.55 bn for FY25.MoreLess
1 for0 against
2) Approve material related party transactions (financial) with Neelachal Ispat Nigam Ltd (NINL), a 99.66% subsidiary, aggregating Rs. 66.0 bn for equity infusion in NINL over two years from the date of shareholder approval.MoreLess
1 for0 against
21) Approve material related party transactions between Tata Steel Minerals Canada Ltd (TSMC), an indirect foreign subsidiary and IOC Sales Limited, a third party for the benefit of Tata Steel UK Limited (TSUK), an indirect wholly owned subsidiary, via T S Global Procurement Company Pte. Ltd (TSGPL), an indirect wholly owned subsidiary, aggregating Rs. 13.0 bn for FY25.MoreLess
1 for0 against
5) Approve material related party transactions with Tata BlueScope Steel Private Limited (TBSPL), a joint venture of Tata Steel Downstream Products Limited (wholly owned subsidiary), aggregating Rs. 77.1 bn for FY25.MoreLess
1 for0 against
6) Approve material related party transactions with Jamshedpur Continuous Annealing & Processing Company Private Limited (JCAPCPL), a joint venture of Tata Steel Downstream Products Limited (wholly owned subsidiary), aggregating Rs. 56.4 bn for FY25.MoreLess
1 for0 against
7) Approve material related party transactions with TM International Logistics Limited (TMILL), a joint venture of Tata Steel Limited, aggregating Rs. 39.12 bn for FY25.
1 for0 against
8) Approve material related party transactions with Tata Capital Limited (TCL), a subsidiary of Tata Sons Private Limited (promoter company), aggregating Rs. 120.0 bn for FY25.
1 for0 against
9) Approve material related party transactions with Tata International Limited (TIL), a subsidiary of Tata Sons Private Limited (promoter company), aggregating Rs. 42.1 bn for FY25.
1 for0 against
Approve Material Related Party Transactions between T S Global Procurement Company Pte. Ltd. and Tata International Singapore Pte. Limited
2 for0 against
Approve Material Related Party Transactions between Tata Steel Downstream Products Limited and Tata Capital Limited
2 for0 against
Approve Material Related Party Transactions between Tata Steel Minerals Canada Limited to benefit Tata Steel UK Limited
2 for0 against
Approve material related party transactions between Tata Steel Minerals Canada Ltd (TSMC), an indirect foreign subsidiary and IOC Sales Limited, a third party for the benefit of Tata Steel UK Limited (TSUK), an indirect wholly owned subsidiary, via T S Global Procurement Company Pte. Ltd (TSGPL), an indirect wholly owned subsidiary, aggregating Rs. 13.0 bn for FY25MoreLess
4 for0 against
Approve material related party transactions (financial) between T S Global Holdings Pte. Limited (TSGH), a step down wholly owned subsidiary and Tata Steel Minerals Canada Ltd (TSMC), an indirect foreign subsidiary, aggregating Rs. 11.5 bn for FY25MoreLess
4 for0 against
Approve material related party transactions (financial) with Neelachal Ispat Nigam Ltd (NINL), a 99.66% subsidiary, aggregating Rs. 66.0 bn for equity infusion in NINL over two years from the date of shareholder approvalMoreLess
4 for0 against
Approve material related party transactions (operational) between Tata Steel Downstream Products Limited (TSDPL), a wholly owned subsidiary and Tata Capital Limited (TCL), a subsidiary of Tata Sons Private Limited (promoter company), aggregating Rs. 12.01 bn for FY25MoreLess
4 for0 against
Approve material related party transactions (operational) between Tata Steel Downstream Products Limited (TSDPL), a wholly owned subsidiary and Tata Motors Limited, an associate company of Tata Sons Private Limited (promoter company), and/or its ancillary entities, aggregating Rs. 40.55 bn for FY25MoreLess
4 for0 against
Approve material related party transactions (operational) between TS Global Procurement Company Pte Ltd. (TSGPL), an indirect wholly owned subsidiary and Neelachal Ispat Nigam Limited (NINL), a 99.66% subsidiary, aggregating Rs. 34.0 bn for FY25MoreLess
4 for0 against
Approve material related party transactions (operational) with Neelachal Ispat Nigam Ltd (NINL), a 99.66% subsidiary, aggregating Rs. 108.5 bn for FY25
4 for0 against
Approve material related party transactions (operational) with The Tata Power Company Limited (TPCL), an associate company of Tata Sons Private Limited (promoter company) and/or its ancillary entities aggregating Rs. 38.2 bn for FY25MoreLess
4 for0 against
Approve material related party transactions with Jamshedpur Continuous Annealing & Processing Company Private Limited (JCAPCPL), a joint venture of Tata Steel Downstream Products Limited (wholly owned subsidiary), aggregating Rs. 56.4 bn for FY25MoreLess
4 for0 against
Approve Material Related Party Transactions with Neelachal Ispat Nigam Ltd
2 for0 against
Approve material related party transactions with Tata BlueScope Steel Private Limited (TBSPL), a joint venture of Tata Steel Downstream Products Limited (wholly owned subsidiary), aggregating Rs. 77.1 bn for FY25MoreLess
1 for0 against
Approve material related party transactions with Tata BlueScope Steel Private Limited_x000D_ (TBSPL), a joint venture of Tata Steel Downstream Products Limited (wholly owned subsidiary), aggregating Rs. 77.1 bn for FY25MoreLess
3 for0 against
Approve material related party transactions with Tata Capital Limited (TCL), a subsidiary of Tata Sons Private Limited (promoter company), aggregating Rs. 120.0 bn for FY25
4 for0 against
Approve material related party transactions with Tata International Limited (TIL), a subsidiary of Tata Sons Private Limited (promoter company), aggregating Rs. 42.1 bn for FY25
4 for0 against
Approve material related party transactions with Tata International Singapore Pte. Limited (TISPL), a subsidiary of Tata Sons Private Limited (promoter company), aggregating Rs. 56.56 bn for FY25
4 for0 against
Approve material related party transactions with Tata Projects Limited (TPL), an associate of Tata Sons Private Limited (promoter company), aggregating Rs. 28.05 bn for FY25
4 for0 against
Approve material related party transactions with TM International Logistics Limited (TMILL), a joint venture of Tata Steel Limited, aggregating Rs. 39.12 bn for FY25
1 for0 against
Approve material related party transactions with TM International Logistics Limited (TMILL), a joint venture of Tata Steel Limited,_x000D_ aggregating Rs. 39.12 bn for FY25
3 for0 against
Material Related Party Transaction(s) between T S Global Holdings Pte. Ltd. and Tata Steel Minerals Canada Limited, both being subsidiary companies of Tata Steel Limited for an aggregate value up to Rs. 1,150 crore, for infusion of funds by way of loan or any other form and interest receivables, during FY 2024 - 25, subject to such contract(s)/ arrangement(s)/ transaction(s) being carried out at arm’s length and in the ordinary course of business of TSGH and TSMC.MoreLess
2 for0 against
Material Related Party Transaction(s) between Tata Steel Minerals Canada Limited, a subsidiary of Tata Steel Limited and IOC Sales Limited, a third party, to benefit Tata Steel UK Limited, a wholly owned subsidiary of Tata Steel Limited via T S Global Procurement Company Pte. Ltd., a wholly owned subsidiary of Tata Steel LimitedMoreLess
1 for0 against
Material Related Party Transaction(s) between Tata Steel Minerals Canada Limited, a subsidiary of Tata Steel Limited and IOC Sales Limited, a third party, to benefit Tata Steel UK Limited, a wholly owned subsidiary of Tata Steel Limited via T S Global Procurement Company Pte. Ltd., a wholly owned subsidiary of Tata Steel Limited for an aggregate value up to Rs. 1,300 crore, for purchase and sale of raw materials and other transactions for the purpose of business, to be entered during FY 2024 - 25, subject to such contract(s)/ arrangement(s)/ transaction(s) being carried out at arm’s length and in the ordinary course of business of TSMC, TSGP, TSUK and IOC Sales.MoreLess
26 for0 against
To approve, Material Related Party Transaction(s) between Tata Steel Minerals Canada Limited, a subsidiary of Tata Steel Limited and IOC Sales Limited, a third party, to benefit Tata Steel UK Limited, a wholly owned subsidiary of Tata Steel Limited via T S Global Procurement Company Pte. Ltd., a wholly owned subsidiary of Tata Steel Limited.MoreLess
1 for0 against

Mutual fund votes, meeting of 2 Mar 2024, 33 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

Material modification in the approved related party transaction(s) with The Indian Steel and Wire Products Ltd
8 for0 against
Material modification in the approved related party transaction(s) between Tata Steel Downstream Products Limited, a wholly owned subsidiary of Tata Steel Limited and Tata Motors Limited, a related party of Tata Steel Limited, and ancillary entities of Tata Motors LimitedMoreLess
9 for0 against
Material modification in the approved related party transaction(s) with Tata Motors Limited and Poshs Metal Industries Private Limited / ancillary entities of Tata Motors Limited, third party entities
33 for0 against
Material related party transactions with Tata Capital Ltd, a related party of Tata Steel Limited
9 for0 against

4 proposals not matched to one resolution

Item 1, as a fund house numbered it
1 for0 against
Related party contract(s)/ arrangement(s)/transaction(s) between TSDPL and TML / ancillary entities of TML to benefit TML, on such terms and conditions as may be agreed between TSDPL, TML and ancillary entities of TML and increase the transaction value by Rs. 800 crore, thereby now aggregating to Rs. 4,005 crore, for purchase and sale of steel products, lease agreement and other business transactions to be entered during FY2023-24, subject to such contract(s)/ arrangement(s)/ transaction(s) being carried out at arm’s length and in the ordinary course of business of TSDPL, ancillary entities of TML and TML.MoreLess
24 for0 against
Related party contract(s)/ arrangement(s)/transaction(s) with ISWP and increase the transaction value by Rs. 535 crore (Rs. 10 crore towards sale of goods and Rs. 525 crore towards transactions emerging consequent to the amalgamation of Tata Steel Long Products Limited into and with Tata Steel Limited, and which are proposed to be entered into between the Company and ISWP going forward), thereby now aggregating to Rs. 3,043 crore, to be entered during FY2023-24, subject to such contract(s)/ arrangement(s)/ transaction(s) being carried out at arm’s length and in the ordinary course of business of the Company and ISWP.MoreLess
24 for0 against
Related party under Regulation 2(1)(zb) of the SEBI Listing Regulations, on such terms and conditions as may be agreed between the Company and Tata Capital Ltd., for an aggregate value up to Rs. 3,510 crore for availing and rendering financial services, purchase / sale / leasing of information technology and other assets including technologies and other business transactions, to be entered during FY2023-24, subject to such contract(s)/ arrangement(s)/ transaction(s) being carried out at arm’s length and in the ordinary course of business of the Company and Tata Capital Limited (including transactions entered into with Tata Capital Financial Services Ltd. prior to its amalgamation with Tata Capital Ltd).MoreLess
24 for0 against

Mutual fund votes, meeting of 9 Feb 2024, 33 fund houses

Approval for the Scheme of Amalgamation amongst Tata Steel Limited and Angul Energy Limited and their respective Shareholders.
32 for0 against
1 abstained

Each fund house counted once, from its own disclosure; the reasons are its own words.

Dealings with its subsidiaries, promoters, directors and their firms, reported every half-year.Promoters and their stake

Half-year to Mar 2026: ₹7,14,808 Cr1,016 dealings, 56 loans and advances
Half-year to Sep 2025: ₹7,44,513 Cr1,359 dealings, 1,294 loans and advances
Half-year to Mar 2025: ₹6,60,307 Cr1,975 dealings, 32 loans and advances
Half-year to Sep 2024: ₹6,57,036 Cr1,657 dealings, 41 loans and advances
Half-year to Mar 2024: ₹3,81,902 Cr1,395 dealings
Half-year to Sep 2023: ₹5,79,485 Cr1,424 dealings

Between	Dealing
Tata Steel Netherlands Holdings BV and Corus Group LimitedSubsidiary	Any other transactionInvestment Closing	–	2,33,674.05
Corus Group Limited and Tata Steel UK LimitedSubsidiary	Any other transactionInvestment Closing	–	1,15,346.17
Tata Steel Netherlands Holdings BV and Tata Steel Nederland BvSubsidiary	Any other transactionInvestment Closing	–	1,06,662.50
Tata Steel Limited and Tata Steel Holdings Pte. Ltd.Subsidiary	Investment	–	22,398.70
Tata Steel Limited and Tata Steel Holdings Pte. Ltd.Subsidiary	Any other transactionInvestment Closing	–	22,398.70
Tata Steel Limited and T S Global Procurement Company Pte. Ltd.Subsidiary	Purchase of goods or services	–	13,583.56
Tata Steel Netherlands Holdings BV and Corus Group LimitedSubsidiary	Investment	–	12,395.61
Corus Group Limited and Tata Steel UK LimitedSubsidiary	Investment	–	12,330.84
ABJA Investment Co. Pte. Limited and T S Global Holdings Pte Ltd.Subsidiary	Any other transactionLoan Opening	–	12,079.85
Tata Steel Limited and T S Global Procurement Company Pte. Ltd.Subsidiary	Any other transactionOutstanding Payables-Closing	–	11,128.28
Tata Steel Nederland Bv and Tata Steel Ijmuiden BVSubsidiary	Any other transactionInvestment Closing	–	10,949.09
Tata Steel Limited and Tata Capital LimitedPromoter Group	Any other transactionSecuritisation of receivables	–	8,490.66
Tata Steel UK Limited and Corus International LimitedSubsidiary	Any other transactionInvestment Closing	–	6,612.97
T S Global Holdings Pte Ltd. and Tata Steel Minerals Canada LimitedSubsidiary	Any other transactionLoan Opening	–	5,233.04
Tata Steel Limited and Abja Investment Co. Pte. Ltd.Subsidiary	Any other transactionLoan Repaid	–	4,956.87
Tata Steel Nederland Bv and Tata Steel Germany GmbhSubsidiary	Any other transactionInvestment Closing	–	4,708.30
Corus International (Overseas Holdings) Limited and Tata Steel UK LimitedSubsidiary	Any other transactionLoan ClosingLoan at 7.28%, 17-03-2031, unsecured, Business Purpose	–	4,439.60
Tata Steel Limited and Tata Steel Downstream Products LimitedSubsidiary	Sale of goods or services	–	3,749.49
Corus International Limited and Corus International (Overseas Holdings) LimitedSubsidiary	Any other transactionInvestment Closing	–	3,718.11
Corus International (Overseas Holdings) Limited and Corus Group LimitedSubsidiary	Any other transactionLoan ClosingLoan at 7.13%, 20-06-2031, unsecured, Business Purpose	–	3,656.15
Tata Steel Limited and ABJA Investment Co. Pte. Ltd.Subsidiary	Any other transactionLoan Opening	–	3,209.97
Tata Steel Limited and Neelachal Ispat Nigam LimitedSubsidiary	Purchase of goods or services	7,537.00	2,854.33
Tata Steel Limited and T S Global Holdings Pte Ltd.Subsidiary	Any other transactionOutstanding Receivables-Closing	–	2,580.34
Tata Steel Limited and T Steel Holdings Pte. Ltd.Subsidiary	Any other transactionProvision for outstanding loans & receivables	–	2,580.00
Tata Steel Nederland Bv and Tata Steel Ijmuiden BvSubsidiary	Any other transactionLoan ClosingLoan at 1.93%, 30-04-2026, unsecured, Business Purpose	–	2,445.05

The 25 largest of 1,016 dealings in the half-year to Mar 2026, ₹ crore.

Fines, tax disputes and stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

Unlisted stake boughtTM International Logistics LimitedSince 20 Aug 2026
23.00% bought in the quarter; holding 74.00%, from 51.00%
Unlisted stake heldTata Steel Minerals Canada LimitedSince 30 Sep 2026
0.00% bought in the quarter; holding 99.99%, from 99.99%
Fine or penaltyJharkhand Bijli Vitran Nigam Ltd.Since 11 Sep 2026₹97,135
Penalty of ₹97,135/- was imposed and payment processed
Late payment penalty for failure to pay electricity bill dues relating to Noamundi Pellet Plant under section 24 of the Indian Electricity Act, 1910.
Fine or penaltyOdisha Motor Vehicle DepartmentSince 13 Sep 2026₹77,500
Penalty of ₹77,500/- was imposed and payment processed
Penalty for road safety violation under the Motor Vehicles Act, 1988
Fine or penaltyEmployees’ Provident Fund OrganisationSince 15 Sep 2026₹9,384
Penalty of ₹9,384/- was imposed and payment processed
Recovery of damage towards belated remittances of provident fund amount by Tata Steel Limited to EPFO under section 14B of The Employees' Provident Funds and Miscellaneous Provisions, 1952.
Tax disputeThe Deputy Commissioner of Income Tax, Circle 2(3)(1), MumbaiSince 7 Feb 2014
Background: For the period FY2009, the Deputy Commissioner of Income Tax, Circle 2(3)(1), Mumbai vide order dated January 10, 2014, had disallowed the claim amounting to ₹813.65 crore towards deduction for interest expenditure under Section 36(1)(iii) of the Income Tax Act, 1961. On February 4, 2014, the Company had filed an appeal against the order before the Authority and the matter was heard over multiple hearings. Current Status: On September 28, 2026, the Company received a favourable order from the Income Tax Appellate Tribunal for FY2009 wherein the claim of deduction for interest expenditure was allowed following the earlier order for FY2008. The tax exposure for FY2009 was ~₹427 crore. Accordingly, the tax exposure against the Company in aggregate (for FY2008 and FY2009) will get reduced from ~₹1,901 crore to ~₹1,259 crore once the Assessing Officer will give effect to the orders of the Tribunal for FY2008 and FY2009 through separate orders. Subsequently, the Company will make necessary adjustments in its contingent liability reported in notes to its Financial Statements. The Company believes that this order will have persuasive impact on co-related pending litigations on the same issue for other years. Appeals pertaining to other Fiscals in relation to the above matter, preferred by the Company are pending before the Income Tax Appellate Tribunal and Commissioner of Income Tax (Appeals).MoreLess
At the filing before: The Income Tax Authorities had disallowed interest expenditure in respect of loans borrowed and utilized for acquisition of a subsidiary. The tax exposure involved in this matter amounted to ₹1,901 crore. The issue forms part of litigation covering years from FY2008 to FY2015. On February 27, 2026, the Company received a favourable order from Income Tax Appellate Tribunal for FY2008 wherein the claim of deduction for interest expenditure was allowed. Accordingly, the tax exposure against the Company will get reduced from ~₹1,901 crore to ~₹1,686 crore once the Assessing Officer will give effect to this Order of the Tribunal through a separate order. The Company believes that this Order will have persuasive impact on co-related pending litigations on the same issue for other years.MoreLess
Tax disputeThe Office of the Commissioner of CGST & Central Excise, JamshedpurSince 24 Jun 2025
The Hon’ble Supreme Court heard the Company’s Special Leave Petition on August 19, 2026. On August 25, 2026, the Hon’ble Supreme Court pronounced its final judgement in the matter as follows: i. Allowed the appeal filed by the Company; ii. The Show Cause Notice dated June 13, 2025, issued under Section 74 of the CGST Act and the Order-in-Original dated December 26, 2025 issued by the Additional/Joint Commissioner, CGST & Central Excise, Jamshedpur, Jharkhand have been set aside. iii. Granted liberty to the Tax Department, if it thought fit, to initiate appropriate proceedings under Section 74 of the CGST Act, but with the foundational facts, coming out from the notice itself and an order being passed before February 28, 2027. Accordingly, the tax demand of ₹890,52,10,202/-, penalty of ₹890,52,10,202/- and the applicable interest thereon stands quashed.MoreLess
At the filing before: On June 24, 2025, Tata Steel Limited (‘Company’) received a Demand cum Show Cause Notice dated June 13, 2025 (‘SCN’), issued by the Office of the Commissioner of CGST & Central Excise, Jamshedpur, requiring the Company to show cause before the Additional/Joint Commissioner of Central GST & Central Excise, Jamshedpur (‘Adjudicating Authority’) as to why an amount of ₹890,52,10,202/- should not be demanded from the Company towards irregular availing of Input Tax Credit in contravention to the provisions of Sections 16 and 41 of the Central Goods and Services Tax Act, 2017 (‘CGST’) read with applicable provisions of the Integrated Goods and Services Tax Act, 2017 (‘IGST’) for the period FY2018-19 through FY2020-21 along with appropriate interest and penalty. The Company made its detailed submissions before the Adjudicating Authority within the given timelines as per the said SCN. On December 27, 2025, the Company received an Order dated December 26, 2025, passed by the Joint Commissioner of CGST & Central Excise, Jamshedpur, Jharkhand, directing the Company to pay a tax amount of ₹890,52,10,202/-, penalty of ₹890,52,10,202/- and applicable interest on the total amount of tax. The Company believes that proper cognizance was not taken of the submissions made by the Company while adjudicating the matter. The main issue relates to excess Input Tax Credit (‘ITC’) identified by comparing, the ITC claimed in monthly returns as against the ITC reflected in GST Portal. As per the Company, there is no such excess ITC and difference is on account of credit pertaining to one financial year but availed in subsequent financial year which is permissible as per GST Laws. The Company on strong grounds of jurisdiction and merits, challenged the demand and hence, on February 24, 2026, filed a Writ Petition before the Hon’ble High Court of Jharkhand. The said Writ Petition was disposed of vide order dated April 23, 2026, with a liberty granted to the Company to approach the Appellate Authority. Being aggrieved by the Order of Hon’ble High Court of Jharkhand, the Company filed a Special Leave Petition before the Hon’ble Supreme Court of India (‘Hon’ble Supreme Court’), challenging the said Order of the Hon’ble High Court of Jharkhand. The Hon’ble Supreme Court had heard the matter on May 19, 2026, and vide its Order dated May 19, 2026 issued Notice to the Respondents and stayed all further proceedings in the matter until next date of hearing.MoreLess
Tax disputeThe Office of the Commissioner (Audit), Central Tax, RanchiSince 28 Jun 2025
The Company is of the considered view that it has a good case on merit and hence will contest the same before the Appellate Authority within the statutory timelines.
At the filing before: On June 28, 2025, Tata Steel Limited (‘Company’) received a Show Cause cum demand Notice dated June 27, 2025 (‘SCN’), issued by the Office of the Commissioner (Audit), Central Tax, Ranchi, requiring the Company to show cause before the Additional/Joint Commissioner of Central GST & Central Excise, Jamshedpur (‘Adjudicating Authority’) as to why an amount of ₹1007,54,83,342/- shall not be demanded/recovered from the Company towards irregular availment of Input Tax Credit in contravention of the provisions of Section 74(1) of the Central Goods and Services Tax Act, 2017/State Goods and Services Tax Act, 2017 (‘CGST/SGST’) read with Section 20 of the Integrated Goods and Services Tax Act, 2017 (‘IGST’) for the period FY2018-19 through FY2022-23, along with appropriate interest and penalty. Of the aggregate GST amount demanded, the Company had already paid GST of ₹514,19,36,211/- in the normal course of business and therefore the alleged GST exposure of the Company was ₹493,35,47,131/- only. The Company made its detailed submissions before the appropriate forum within the given timelines as per the said SCN. Subsequently, on December 18, 2025, the Company received an Order passed by the Commissioner of CGST & Central Excise, Jamshedpur, Jharkhand, directing the Company to pay a tax amount of ₹493,35,47,131/-, penalty of ₹638,82,62,185/- and appropriate interest on the total amount of tax. In the said Adjudication Order, the Adjudicating Authority had dropped the penalty amount of ₹368,72,21,158/- earlier proposed in the SCN. Thereafter, the Company filed a Writ Petition before the Hon’ble High Court of Jharkhand (‘Hon’ble High Court’) on March 11, 2026, challenging the Order passed by the Commissioner of CGST & Central Excise, Jamshedpur, Jharkhand dated December 18, 2025, and seeking quashing of the Order. The Hon’ble High Court vide its Order dated March 24, 2026, granted stay on all further proceedings relating to this matter, until the next date of hearing. Further, on June 16, 2026, the Assistant Commissioner, Division-I, CGST & Central Excise, Jamshedpur, Jharkhand (‘Department’) filed an appeal before the Commissioner (Appeals) of CGST & Central Excise, Ranchi against the abovementioned Adjudication Order dated December 18, 2025, to the extent that the Adjudicating Authority has dropped the penalty amounting to ₹368,72,21,158/-. The Department had filed an appeal pertaining to the levy of penalty amounting to ₹368,72,21,158/-. However, this matter is, inter alia, contingent upon the final adjudication of the issue concerning the issuance of show cause notices for multiple periods, which is presently sub judice before the Hon’ble High Court.MoreLess

1 more

Tax disputeDeputy Commissioner of Income Tax, Circle 2(3)(1), MumbaiSince 24 Mar 2025
On July 20, 2026, the Hon’ble High Court of Bombay has restored all the matters involving this issue. The hearing on this matter is currently ongoing. The Hon’ble High Court of Bombay has granted liberty to the Company to amend the writ petition to challenge the constitutional validity of the retrospective amendment in Finance Act, 2026. Further, the tax department has been directed to file its counter affidavit thereafter. The Company continues to believe that it has a strong case on merits apart from the other technical infirmities in the Order. The retrospective amendment introduced by the Finance Act, 2026 would not have any bearing on the merits and other technical infirmities for which the Company is already before the Hon’ble High Court of Bombay.MoreLess
At the filing before: The Company, through its earlier disclosures, had informed that it had received a show cause notice from the Assessing Officer, Office of the Deputy Commissioner of Income Tax, Circle 2(3)(1), Mumbai (‘Assessing Officer’) in connection with waiver of ₹25,185.51 crore loan in favour of Tata Steel BSL Limited (now merged with the Company), for the purpose of reassessment of taxable income for AY 2019-20 (‘Notice’). On March 24, 2025, the Company had filed a writ petition with the Hon’ble High Court of Bombay (‘Hon’ble High Court’), questioning the authority of the Assessing Officer in conducting the reassessment of taxable income for AY 2019-20. The Company had on March 31, 2025, received an Assessment Order issued by the Assessing Officer, reassessing the taxable income for AY 2019-20 and increasing the taxable amount by the amount of debt waived. On August 12, 2025, the Hon’ble High Court heard the matter. As per the order, the Hon’ble High Court had set aside the Notice along with all consequential proceedings and orders on the technical ground that the Notice had been issued by the Jurisdictional Assessing Officer instead of the statutorily prescribed Faceless Assessing Officer. In arriving at this conclusion, the Hon’ble High Court relied on its earlier judgement in a separate matter, which was challenged by the tax authorities before the Hon’ble Supreme Court of India and was pending for adjudication. The order further mentioned that if such precedent is set aside by the Hon’ble Supreme Court of India in the future and the tax authorities seek to revive the matter, the case would then be adjudicated on its merits, including other technical grounds raised by the Company in challenging the reassessment proceedings. Subsequently, the Finance Act, 2026 introduced a retrospective amendment to the income-tax law, to provide that Jurisdictional Assessing Officer shall be empowered to issue reassessment notices. Pursuant to this amendment, the favourable judicial precedents relating to this matter were set aside by the Hon’ble Supreme Court of India and have been remanded back to the respective High Courts for consideration. Accordingly, the writ petition filed by the Company in March 2025, along with similar placed matters, involving this issue was listed by the Hon’ble High Court of Bombay on July 20, 2026, for restoration.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

Received
Resolved

Open at the quarter's end

At most 34 complaints open, quarter to Mar 2026.

The board is made up as the listing rules require: Yes
The board has a regular chairperson: Yes
The company has a risk management committee: Yes
The chair is related to the managing director: No
The filing has a part on fines and penalties: Yes
The filing has a part on tax disputes: Yes
There was a cyber security incident in the quarter: No

The company's own answers in its filing.

Tata Steel board of directors

Committees and meetings

Board

Audit Committee

Nomination and remuneration committee

Stakeholders Relationship Committee

Risk Management Committee

Corporate Social Responsibility Committee

Statutory auditor

Tata Steel AGM and shareholder votes

Annual general meeting, 2 Jul 2026

How mutual funds voted

Mutual fund votes, meeting of 2 Jul 2026, 19 fund houses so far (houses' deadline to file 15 Oct 2026)

Mutual fund votes, meeting of 2 Jul 2025, 37 fund houses

Mutual fund votes, meeting of 15 May 2025, 37 fund houses

Mutual fund votes, meeting of 25 Dec 2024, 34 fund houses

Mutual fund votes, meeting of 15 Jul 2024, 37 fund houses

Mutual fund votes, meeting of 27 Apr 2024, 37 fund houses

Mutual fund votes, meeting of 2 Mar 2024, 33 fund houses

Mutual fund votes, meeting of 9 Feb 2024, 33 fund houses

Related party transactions

Fines, tax disputes and stakes in unlisted companies

Investor complaints and compliance

Investor complaints received and resolved, the company's own count

Open at the quarter's end