Integrated Filing-Governance



General information about company

Scrip Code 500470
NSE Symbol TATASTEEL
MSEI Symbol NOTLISTED
ISIN INE081A01020
Name of the entity Tata Steel Limited
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? Yes
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? No
Reason For Part D Of Annexure I Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity The Company does not have any imposition of fine or penalty to be reported during Q4 FY2025-26.
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? Yes
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 100 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID T00039
Reason For No SCORE ID
Type of Submission New
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Natrajan Chandrasekaran 00121863 Non-Executive - Non Independent Director Chairperson related to Promoter 02-Jun-1963 No Active NA 13-Jan-2017 7 0 0 0
2 Mr. Noel Naval Tata 00024713 Non-Executive - Non Independent Director Not Applicable 12-Nov-1956 No Active NA 28-Mar-2022 5 0 2 1
3 Mr. Deepak Kapoor 00162957 Non-Executive - Independent Director Not Applicable 07-Jan-1959 No Active NA 01-Apr-2017 01-Apr-2022 108 3 3 5 3
4 Mr. Vijay Kumar Sharma 02449088 Non-Executive - Independent Director Not Applicable 19-Dec-1958 No Active NA 28-Mar-2022 28-Mar-2022 48 4 4 4 2
5 Ms. Bharti Gupta Ramola 00356188 Non-Executive - Independent Director Not Applicable 21-Oct-1958 No Active NA 25-Nov-2022 25-Nov-2022 40 3 3 2 1
6 Mr. Shekhar C. Mande 10083454 Non-Executive - Independent Director Not Applicable 05-Apr-1962 No Active NA 01-Jun-2023 01-Jun-2023 34 1 1 0 0
7 Mr. Pramod Agrawal 00279727 Non-Executive - Independent Director Not Applicable 03-Jun-1963 No Active NA 06-Nov-2024 06-Nov-2024 16 6 6 4 1
8 Mr. Saurabh Agrawal 02144558 Non-Executive - Non Independent Director Not Applicable 13-Aug-1969 No Active NA 10-Aug-2017 10-Aug-2017 5 0 2 0
9 Mr. T. V. Narendran 03083605 Executive Director Not Applicable CEO-MD 02-Jun-1965 No Active NA 19-Sep-2013 19-Sep-2023 1 0 1 0
10 Mr. Koushik Chatterjee 00004989 Executive Director Not Applicable 03-Sep-1968 No Active NA 09-Nov-2012 09-Nov-2022 1 0 1 0



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00162957 Deepak Kapoor Non-Executive - Independent Director Chairperson 25-Apr-2019
2 00356188 Bharti Gupta Ramola Non-Executive - Independent Director Member 25-Nov-2022
3 00279727 Pramod Agrawal Non-Executive - Independent Director Member 11-Dec-2024
4 02144558 Saurabh Agrawal Non-Executive - Non Independent Director Member 10-Aug-2017



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 02449088 Vijay Kumar Sharma Non-Executive - Independent Director Chairperson 21-May-2022
2 00121863 Natrajan Chandrasekaran Non-Executive - Non Independent Director Member 16-May-2017
3 00162957 Deepak Kapoor Non-Executive - Independent Director Member 13-Jun-2023



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00279727 Pramod Agrawal Non-Executive - Independent Director Chairperson 11-Dec-2024
2 03083605 T. V. Narendran Executive Director Member 13-Aug-2018
3 00004989 Koushik Chatterjee Executive Director Member 11-Apr-2014



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00356188 Bharti Gupta Ramola ID Chairperson 11-Dec-2024
2 02144558 Saurabh Agrawal NED Member 10-Aug-2017
3 03083605 T. V. Narendran ED Member 17-Dec-2014
4 00004989 Koushik Chatterjee ED Member 17-Dec-2014
5 00000000 Samita Shah Member of Management Member 13-Nov-2020 Textual Information(1)



Text Block
Textual Information(1) Ms. Samita Shah, Member of Management, is a Member of the Risk Management Committee.



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 12-Nov-2025 Yes 10 10 5
2 10-Dec-2025 27 Yes 10 10 5
3 06-Feb-2026 57 Yes 10 10 5
4 17-Mar-2026 38 Yes 10 10 5



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 12-Nov-2025 Yes 4 4 3 0
2 Audit Committee 06-Feb-2026 85 Yes 4 4 3 0
3 Audit Committee 30-Mar-2026 51 Yes 4 4 3 0
4 Nomination and remuneration committee 17-Mar-2026 Yes 3 3 2 0
5 Risk Management Committee 17-Nov-2025 Yes 4 4 1 1
6 Risk Management Committee 03-Feb-2026 77 Yes 4 4 1 1
7 Stakeholders Relationship Committee 28-Jan-2026 Yes 3 3 1 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory Parvatheesam Kanchinadham
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://www.tatasteel.com/corporate/our-organisation/company-profile/
1.2 Memorandum of Association and Articles of Association Yes tatasteel.com/media/23115/moa-aoa-september-1-2024.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.tatasteel.com/corporate/our-organisation/leadership/
2 Terms and conditions of appointment of independent directors Yes https://www.tatasteel.com/media/2917/terms-and-conditions-of-appointment-of-independent-directors.pdf
3 Composition of various committees of board of directors Yes https://www.tatasteel.com/corporate/our-organisation/leadership/
4 Code of conduct of board of directors and senior management personnel Yes https://www.tatasteel.com/corporate/our-organisation/ethics/
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.tatasteel.com/media/11322/revised-whistleblower-policy-december-18-2019.pdf
6 Criteria of making payments to non-executive directors Yes https://www.tatasteel.com/media/3931/criteria-of-making-payments-to-neds.pdf
7 Policy on dealing with related party transactions Yes https://www.tatasteel.com/media/25414/policy-on-related-party-transactions-february-6-2026.pdf
8 Policy for determining material subsidiaries Yes https://www.tatasteel.com/media/23680/policy-on-determining-material-subsidiaries.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://www.tatasteel.com/media/23897/familiarization-programme-ids-2025.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.tatasteel.com/investors/investor-information/contacts/
11 Email address for grievance redressal and other relevant details Yes https://www.tatasteel.com/investors/investor-information/contacts/
12 Financial results Yes https://www.tatasteel.com/investors/financial-performance/financial-results/
13 Shareholding pattern Yes https://www.tatasteel.com/investors/stock-exchange-compliances/shareholding-pattern/
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://www.tatasteel.com/investors/financial-performance/analyst-presentations/
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.tatasteel.com/investors/financial-performance/analyst-call-recording/
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.tatasteel.com/investors/stock-exchange-compliances/stock-exchange-releases/
18 Credit rating or revision in credit rating obtained Yes https://www.tatasteel.com/investors/stock-exchange-compliances/stock-exchange-releases/
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://www.tatasteel.com/investors/financial-statements-of-subsidiary-companies-fy-2024-25
20 Secretarial compliance report Yes https://www.tatasteel.com/investors/stock-exchange-compliances/annual-secretarial-compliance-report/
21 Materiality policy as per regulation 30 (4) Yes https://www.tatasteel.com/media/23682/policy-on-determination-of-materiality-for-disclosures.pdf
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://www.tatasteel.com/investors/investor-information/contacts/
23 Disclosures under regulation 30(8) Yes https://www.tatasteel.com/investors/stock-exchange-compliances/stock-exchange-releases/
24 Statements of deviation(s) or variations(s) as specified in regulation 32 NA
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://www.tatasteel.com/media/6086/dividend-policy-final.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.tatasteel.com/media/24552/annual-return-mgt-7.pdf
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://www.tatasteel.com/investors/information-pursuant-to-regulation-46-2-and-62-1
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://www.tatasteel.com/investors/information-pursuant-to-regulation-46-2-and-62-1
29 Disclosure of notes on website in terms of Listing Regulations explanatory


Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) Yes
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) Yes
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) Yes
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) NA
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided



Annexure II
1 Name of signatory Parvatheesam Kanchinadham
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0
Promoter Group or any other entity controlled by them 0 0
Directors (including relatives) or any other entity controlled by them 0 0
KMPs or any other entity controlled by them 0 0
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them NIL 0 0
Promoter Group or any other entity controlled by them NIL 0 0
Directors (including relatives) or any other entity controlled by them NIL 0 0
KMPs or any other entity controlled by them NIL 0 0
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them NIL 0 0
Promoter Group or any other entity controlled by them NIL 0 0
Directors (including relatives) or any other entity controlled by them NIL 0 0
KMPs or any other entity controlled by them NIL 0 0
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. Yes
Name Koushik Chatterjee
Designation Chief Financial Officer
Place Kolkata
Date 29-Apr-2026



Signatory Details
Name of signatory Parvatheesam Kanchinadham
Designation of person Company Secretary and Compliance Officer
Place Hyderabad
Date 29-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 19
No. of investor complaints received during the Quarter 85
No. of investor complaints disposed off during the Quarter 70
No. of investor complaints those remaining unresolved at the end of the Quarter 34


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies During the reporting quarter, the Company acquired 0.01% Optionally Convertible Redeemable Preference Shares ('OCRPS') constituting 31.85% preference share stake and 49% equity stake in Medica TS Hospital Private Limited. On completion of the aforesaid acquisition, the Company holds 100% stake in equity shareholding and in OCRPS of Medica TS Hospital Private Limited.
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter
1 Thriveni Pellets Private Limited (‘TPPL’) 30-Jan-2026 0 50.0100 50.0100
2 Brahmani River Pellets Private Limited (shares held by Tata Steel through TPPL) 30-Jan-2026 0 50.0100 50.0100
3 Medica TS Hospital Private Limited 30-Mar-2026 51.00 49.00 100


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 The Deputy Commissioner of Income Tax, Circle 2(3)(1), Mumbai 07-Feb-2014 The Income Tax Authorities have disallowed interest expenditure in respect of loans borrowed and utilized for acquisition of a subsidiary. The tax exposure involved in this matter amounts to ₹1,901 crore. An Appeal preferred by Tata Steel Limited is pending before the Income Tax Appellate Tribunal and Commissioner of Income Tax (Appeals). The issue is part of litigation covering years from FY2008 to FY2015. On February 27, 2026, the Company received 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. Appeals pertaining to other Fiscals in relation to the above matter, preferred by Tata Steel Limited are pending before the Income Tax Appellate Tribunal and Commissioner of Income Tax (Appeals).
2 The Office of the Commissioner of CGST & Central Excise, Jamshedpur 24-Jun-2025 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 proposed to contest the same, on strong merits, before the Appropriate forum within the statutory timelines. 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 believed that it had strong grounds on merit to challenge 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. The Company is currently studying the available legal remedies and will take necessary steps in due course.
3 The Office of the Commissioner (Audit), Central Tax, Ranchi 28-Jun-2025 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 Act, 2017 (‘CGST/SGST’) read with Section 20 of 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 Adjudicating Authority within the given timelines as per the said SCN. 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. The Company proposed to contest the same, on strong merits, before the Appropriate forum within the statutory timelines. The Company believes that proper cognizance was not taken of the submissions made while adjudicating the matter. The Company has a good case on merit and hence proposed to contest the same before the Appropriate forum within the statutory timelines. The Company believes that it has a good case on merits and hence, has filed a Writ Petition before the Hon’ble High Court of Jharkhand on March 11, 2026, challenging the Order passed by Commissioner of CGST & Central Excise, Jamshedpur, Jharkhand dated December 18, 2025, and seeking quashing of the Order. The matter was heard by the Hon’ble High Court of Jharkhand. The Hon’ble High Court of Jharkhand vide its order dated March 24, 2026, granted stay on all further proceedings relating to this matter, until next date of hearing.