Last checked at 1 Feb 2024 12:11
February 1, 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 February 1, 2024, along with the Statement pursuant to Section 102 and other applicable provisions of the Companies Act, 2013 and related Rules read with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and applicable SEBI Circulars ('Notice') for seeking approval of the Member(s) of the Company on the following four Ordinary resolutions:
SN | Description of Ordinary Resolutions |
1. | Material modification in the approved related party transaction(s) with The Indian Steel and Wire Products Ltd |
2. | 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 Limited |
3. | 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 |
4. | Material related party transactions with Tata Capital Ltd, a related party 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, January 26, 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, February 2, 2024, from 9:00 a.m. (IST) and ends on Saturday, March 2, 2024, at 5:00 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 February 23, 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 February 23, 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://tcpl.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/7401B_1-2024-2-1.pdf