29th Oct 2025 14:55
Ref: SEC/1048/2025-26 October 29, 2025
London Stock Exchange
London
Dear Sir, Madam,
Sub: Disclosure under Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
This has reference to our disclosure dated October 4, 2025.
Background:
On October 3, 2025, Tata Steel Limited ('Company') received a Demand Letter issued by the Office of Deputy Director of Mines, Jajpur ('Demand Letter'), in connection with assessment of shortfall in dispatch of Chrome Ore from the Company's Sukinda Chromite Block, for the 5th year in terms of Mine Development and Production Agreement (i.e., July 23, 2024 through July 22, 2025) in alleged violation of Rule 12A of the Minerals (Other than Atomic and Hydrocarbon Energy Minerals) Concession Rules, 2016, and consequent appropriation of performance security.
The alleged shortfall in mineral dispatch by the Company as per the aforementioned Mine Development and Production Agreement for Sukinda Chromite Block resulted in an aggregate demand of ₹2410,89,66,881/- based on sale value of shortfall quantity and appropriation of performance security.
Present Status:
The Company has today, i.e. October 29, 2025, filed a Writ petition before the Hon'ble High Court of Orissa at Cuttack inter alia seeking quashing of the aforementioned Demand Letter.
The details of the litigation as required under the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') are provided in the Annexure enclosed herewith.
This disclosure is being made by the Company in compliance with Regulations 30 and 51 read with Schedule III of the SEBI Listing Regulations.
This is for your information and records.
Encl.: Annexure
Annexure
SN | Particulars | Details |
1 | Brief details of litigation viz. name(s) of the opposing party, court/ tribunal/ agency where litigation is filed, brief details of dispute/litigation. |
On October 3, 2025, Tata Steel Limited ('Company') received a Demand Letter issued by the Office of Deputy Director of Mines, Jajpur, in connection with assessment of shortfall in dispatch of Chrome Ore from the Company's Sukinda Chromite Block, for the 5th year in terms of Mine Development and Production Agreement (i.e., July 23, 2024 through July 22, 2025) in alleged violation of Rule 12A of the Minerals (Other than Atomic and Hydrocarbon Energy Minerals) Concession Rules, 2016, and consequent appropriation of performance security.
The alleged shortfall in mineral dispatch by the Company as per the aforementioned Mine Development and Production Agreement for Sukinda Chromite Block has resulted in an aggregate demand of ₹2410,89,66,881/- based on sale value of shortfall quantity and appropriation of performance security.
The Company has today, i.e. October 29, 2025, filed a Writ petition before the Hon'ble High Court of Orissa at Cuttack inter alia seeking quashing of the Demand Letter.
The respondents to the Writ Petition are:
1. State of Odisha 2. Union of India (Ministry of Mines) 3. Director of Mines, Odisha 4. Deputy Director of Mines, Jajpur, Odisha
|
2 | Expected financial implications, if any, due to compensation, penalty etc./ Quantum of Claims | ₹2410,89,66,881/- |
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Tata Steel