Last checked at 28 Mar 2024 13:19
March 28, 2024
London Stock Exchange
London
Dear Madam, Sir,
Subject: Notice of Postal Ballot of Tata Steel Limited
We enclose herewith a copy of the Postal Ballot Notice of Tata Steel Limited ('the Company') dated March 20, 2024, along with the Statement pursuant to Section 102 and other applicable provisions of the Companies Act, 2013 and related Rules read with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and applicable Circulars issued by the Securities and Exchange Board of India ('SEBI') ('Notice') for seeking approval of the Member(s) of the Company on the following 21 Ordinary resolutions:
SN | Description of Ordinary Resolutions |
1. | Material Related Party Transaction(s) with Neelachal Ispat Nigam Ltd - Operational Transaction |
2. | One time Material Related Party Transaction(s) with Neelachal Ispat Nigam Ltd - Financial Transaction |
3. | Material Related Party Transaction(s) with The Indian Steel & Wire Products Ltd - Operational Transaction |
4. | One time Material Related Party Transaction(s) with The Indian Steel & Wire Products Ltd - Financial Transaction |
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 andT 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. andTata 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, subsidiary company of the Promoter company of Tata Steel Limited |
21. | 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 viaT S Global Procurement Company Pte. Ltd., a wholly owned subsidiary of Tata Steel Limited |
In compliance with the provisions of the General Circular Nos. 14/2020 dated April 8, 2020, 17/2020 dated April 13, 2020, 22/2020 dated June 15, 2020, 33/2020 dated September 28, 2020, 39/2020 dated December 31, 2020, 10/2021 dated June 23, 2021, 20/2021 dated December 8, 2021, 3/2022 dated May 5, 2022, 11/2022 dated December 28, 2022 and 09/2023 dated September 25, 2023, issued by the Ministry of Corporate Affairs, Government of India, read with applicable SEBI Circulars, this Notice is being sent only through electronic mode to those members whose e-mail addresses are registered with the Company/Depositories/Depository Participants/Registrar and Transfer Agent and whose names are recorded in the Register of Members maintained by the Company or in the Register of Beneficial Owners maintained by the Depositories as on Friday, March 22, 2024 ('Cut-Off Date'). Accordingly, physical copy of the Notice along with the Postal Ballot Form and pre-paid business reply envelope is not being sent to the Members for this Postal Ballot.
The Company has engaged the services of National Securities Depository Limited ('NSDL') to provide remote e-voting facility to the Members. The remote e-voting period commences on Friday, March 29, 2024, from 9:00 a.m. (IST) and ends on Saturday, April 27, 2024, at5:00 p.m. (IST). The e-voting module shall be disabled by NSDL thereafter. Voting rights of the Members shall be in proportion to the equity shares held by them in the paid-up equity share capital of the Company as on the Cut-off date. Please note that communication of assent or dissent of the Members would only take place through the remote e-voting system. The instructions for remote e-voting is provided in the 'Notes' section to the Notice.
Members intending to receive the notice and whose e-mail address is not registered with the Company/Depositories, may register their e-mail address with the Company's Registrar and Transfer Agent, Link Intime India Private Limited, before 5:00 p.m. (IST) on April 19, 2024. The process for registration of e-mail address is provided below and is also provided in the 'Notes' section to the Notice:
A. One-time registration of e-mail address with RTA for receiving the Notice and casting votes electronically:
As part of Company's green initiative and to facilitate Members to receive this Notice electronically, the Company has made special arrangements with its RTA, Link Intime India Private Limited for registration of e-mail addresses. Eligible Members who have not registered their e-mail addresses with the RTA, are required to provide the same to the RTA before 5:00 pm (IST) on April 19, 2024.
B. Process to be followed for one-time registration of e-mail address (for shares held in physical form or in electronic form) is as follows:
a) Visit the link: https://liiplweb.linkintime.co.in/EmailReg/Email_Register.html
b) Select the name of the Company from drop-down: Tata Steel Limited
c) Enter details in respective fields such as DP ID and Client ID (if shares held in electronic form) / Folio no. and Certificate no. (if shares held in physical form), Shareholder name, PAN, mobile number and e-mail id
d) System will send One Time Password ('OTP') on mobile no. and e-mail id
e) Enter OTP received on mobile no. and e-mail id and submit.
After successful submission of the e-mail address, NSDL will e-mail a copy of the Postal Ballot Notice along with the e-Voting user ID and password.
For voting process, please refer 'Notes' section of the Postal Ballot Notice. In case of any queries, Members may write to csg-unit@tcplindia.co.in or evoting@nsdl.com
C. Registration of e-mail address permanently with Company / DP: Members are requested to register the e-mail address with their concerned DPs, in respect of electronic holding and with the Company / RTA in respect of physical holding. Please visit https://tcplindia.co.in/client-downloads.html to know more about the registration process. Further, those Members who have already registered their e-mail addresses are requested to ensure that their E-mail ID is valid or in case of change, update the same with their DPs/RTA to enable service of notices/documents/Integrated Reports and other communications electronically to their e-mail address in future.
The Notice is available on the website of the Company at
https://www.tatasteel.com/investors/investor-information/postal-ballot/ and on the website of NSDL at www.evoting.nsdl.com
This disclosure is being made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
This is for your information and records.
http://www.rns-pdf.londonstockexchange.com/rns/7601I_1-2024-3-28.pdf