Last checked at 11 Sep 2023 15:32
September 11, 2023
London Stock Exchange
London
Dear Madam, Sirs,
Sub: Result of Postal Ballot by remote e-voting process
This is further to our disclosure dated August 11, 2023, enclosing the copy of Postal Ballot Notice dated August 11, 2023 ('Notice') for seeking approval of the Members of Tata Steel Limited ('the Company') on the following ordinary resolutions:
SN | Description of the Ordinary Resolution(s) |
1. | Material Related Party Transaction(s) With Angul Energy Limited |
2. | Material related party transaction(s) with Tata Projects Limited |
3. | 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 |
4. | Material modification in approved related party transaction(s) with Tata Motors Limited and Poshs Metal Industries Private Limited, a third party |
5. | Re-Appointment of Mr. T.V. Narendran (DIN: 03083605) as Chief Executive Officer and Managing Director and payment of remuneration |
Pursuant to the provisions of Section 110, Section 108 and other applicable provisions of the Companies Act, 2013, read with related Rules, as amended, Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') read with other applicable SEBI Circulars and the Secretarial Standard on General Meetings issued by The Institute of Company Secretaries of India, the Company has transacted special business by way of Postal Ballot through remote e-voting process as set out in the Notice.
The remote e-voting process concluded on Monday, September 11, 2023 at 5:00 p.m. (IST). The Scrutinizer has today, i.e., September 11, 2023, submitted his report on the results of the Postal Ballot through remote e-voting. Based on the report of the scrutinizer, we hereby inform that, the Members of the Company have duly passed the above Ordinary Resolutions with requisite majority.
Pursuant to Regulation 44(3) of the Listing Regulations, we are enclosing herewith the details of the voting results as Annexure A and the Report of the Scrutinizer as Annexure B.
The voting results and the Report of the Scrutinizer are being made available on the website of the Company www.tatasteel.com and on website of National Securities Depository Limited www.evoting.nsdl.com as well as on the notice board at the Registered Office of the Company at Bombay House, 24 Homi Mody Street, Fort, Mumbai 400 001.
This is for your information and records.
http://www.rns-pdf.londonstockexchange.com/rns/0595M_1-2023-9-11.pdf