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Steel LimitedMain BoardEquity2026-04-012027-03-312026-11-072026-10-24INRCroresQuarterlySecond quarterMulti segment2026-11-0709:00:002026-11-0712:00:00trueCash Flow IndirectStatement on impact of audit qualification2026-07-012026-09-30UnauditedConsolidated654362400000248280000065684520000021521880000062290200000-17574100000666551000002005320000037818300000222441700000606903200000499420000003486800000534288000001571350000018421000001755560000003587320000000011227000003699590000065446000004354050000036664100000331800000431619000003786000001247430000012.942.94002.942.940.00860.00830.0462026-04-012026-09-30UnauditedConsolidated126230530000048096000001267114900000417075600000114113700000-417097000001389131000003775830000074214800000435938500000117630430000090810600000320000009084260000025710800000636770000032078500000058764100000000208420000060848300000606050000066908800000598476000001000700000660313000008775000001247430000014.84.8004.84.80.00870.00910.0457Other Expenses222441700000Other 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liabilities840400000Other financial liabilities169233600000Retirement benefit obligations1684300000Deferred income330400000Other liabilities135098700000Tata Steel India425352800000Neelachal Ispat Nigam Limited15071700000Other Indian Operations58295000000Tata Steel Netherlands Operations153296600000Tata Steel UK Operations52750100000Other Trade Related Operations115294100000South East Asian Operations20783300000Rest of the World4474800000Inter Segment Eliminations-190956000000Tata Steel India794318300000Neelachal Ispat Nigam Limited32194100000Other Indian Operations102245300000Tata Steel Netherlands Operations311323700000Tata Steel UK Operations113903100000Other Trade Related Operations242180200000South East Asian Operations44247400000Rest of the World7874500000Inter Segment Eliminations-38598130000065436240000012623053000006543624000001262305300000Tata Steel India103154500000Neelachal Ispat Nigam Limited3183200000Other Indian Operations3862000000Tata Steel Netherlands Operations7902900000Tata Steel UK Operations-7192500000Other Trade Related Operations2451200000South East Asian Operations920900000Rest of the World-3652300000Inter Segment Eliminations-3978500000Tata Steel India197246100000Neelachal Ispat Nigam Limited8168000000Other Indian Operations8247600000Tata Steel Netherlands Operations8294100000Tata Steel UK Operations-10599700000Other Trade Related Operations1184900000South East Asian Operations2859800000Rest of the World-6761400000Inter Segment Eliminations-8285700000106651400000200353700000200532000003775830000032046700000696686000005455150000092926800000Tata Steel India1946548600000Neelachal Ispat Nigam Limited150465600000Other Indian Operations167082500000Tata Steel Netherlands Operations644586800000Tata Steel UK Operations197284500000Other Trade Related Operations154757300000South East Asian Operations52048500000Rest of the World65782600000Inter Segment Eliminations-255887400000312266900000025506000003125219600000Tata Steel India1482204600000Neelachal Ispat Nigam Limited97078300000Other Indian Operations89737400000Tata Steel Netherlands Operations279707800000Tata Steel UK Operations115413600000Other Trade Related Operations185792400000South East Asian Operations8695800000Rest of the World135911000000Inter Segment Eliminations-32614650000020683944000000206839440000037758300000-64158400000-6708400000000000-2049630000000074214800000000006032000002625000002430000000000-28150000003980000001827900000010912160000000031513700000077607900000-3000002843100000038364000000000356730000068596500000000000000000060000000182500000002605800000156320000006819100000-605984000000300000000000161343100000100109400000722940000050352500000342919000000212000000-30428400000-13418900000-130500000-135494000008884950000075300100000Items that will not be reclassified to profit or loss-430900000-430900000Items that will not be reclassified to profit or loss11081000001108100000-17910000074800000Items that will be reclassified to profit or loss76710000007671000000Items that will be reclassified to profit or loss5825400000582540000087460000079820000065446000006060500000UnauditedQualified opinionPrice Waterhouse & Co Chartered Accountants LLPtrue2029-11-3065684520000065684520000061984930000061984930000036995900000369959000002.942.94312521960000031252196000002068394400000206839440000010033740000001003374000000Impairment of Property,Plant and Equipment and GoodwillQualified opinionWhether appeared first timeNo EstimationNo EstimationRefer Note 4 of the SEBI Results which has been disseminated to the Stock Exchange as part of Outcome of the Board Meeting for Q2FY27.During the quarter ended September 3o, 2026, indicators of impairment to carrying value of property, plant <br /> and equipment ('PP&E') of Rs. 33,272.58 crores and related goodwill of Rs. 5,420.01 crores, pertaining to the <br /> cash generating unit, Tata Steel Nederland B.V., a step-down subsidiary of the Holding Company, were <br /> identified by the management. The indicators mainly relate to extension of the tailormade agreement process <br /> with the government of Netherlands and associated uncertainties, increase in cost of decarbonisation plan <br /> and increase in market interest rate (which is the basis for discount rate). Based on our review, probable <br /> material/substantive adjustments to the aforesaid carrying values of PP&E and goodwill have not been <br /> recognised by management as of September 30, 2026. Note 4 to the Statement explains the current significant <br /> uncertainties leading to non-recognition of any impairment charge by the management. T V NarendranKoushik ChatterjeeDeepak KapoorPrice Waterhouse & Co Chartered Accountants LLPMumbai2026-11-07