8th Aug 2025 14:59
August 8, 2025
London Stock Exchange
London
Dear Sir, Madam,
Sub: Disclosure under Regulations 30 and 51 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
This has reference to our disclosure dated July 4, 2025.
Background:
On July 3, 2025, Tata Steel Limited ('Company') had received a Demand Letter issued by the Office of Deputy Director of Mines, Jajpur ('Demand Letter'), in connection with revised assessment of shortfall in dispatch of minerals from the Company's Sukinda Chromite Block, for the fourth year, in terms of Mine Development and Production Agreement (i.e., July 23, 2023 through July 22, 2024) in alleged violation of Rule 12-A of the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016 ('MCR 2016'), and consequent appropriation of performance security. The revision in assessment is based on declaration of average sale price notified by the Indian Bureau of Mines.
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 ₹1902,72,53,760/- including sale value of shortfall quantity and appropriation of performance security.
Present Status:
The Company has today, i.e. August 8, 2025, filed a Writ petition before the Hon'ble High Court of Orissa at Cuttack inter alia seeking quashing of the 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 Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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 July 3, 2025, Tata Steel Limited ('Company') had received a Demand Letter issued by the Office of Deputy Director of Mines, Jajpur ('Demand Letter'), in connection with revised assessment of shortfall in dispatch of minerals from the Company's Sukinda Chromite Block, for the fourth year, in terms of Mine Development and Production Agreement (i.e., July 23, 2023 through July 22, 2024) in alleged violation of Rule 12-A of the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession Rules, 2016 ('MCR 2016'), and consequent appropriation of performance security. The revision in assessment is based on declaration of average sale price notified by the Indian Bureau of Mines.
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 ₹1902,72,53,760/- including sale value of shortfall quantity and appropriation of performance security.
The Company has today, i.e. August 8, 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, Odisha |
2 | Expected financial implications, if any, due to compensation, penalty etc./ Quantum of Claims | ₹1902,72,53,760/- |
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Tata Steel