12th Aug 2021 14:37
August 12, 2021
London Stock Exchange
London
Dear Madam, Sir,
Re: Outcome of Board Meeting
The Board of Directors of Tata Steel Limited ('the Company') at its meeting held today, i.e.August 12, 2021, inter alia,
1. Approved the audited Standalone and unaudited Consolidated Financial Results of the Company for the quarter ended June 30, 2021.
A copy of the said Results together with the Auditors' Report and Press Release are enclosed herewith.
2. Based on the recommendations of the Nomination and Remuneration Committee, the Board unanimously approved the appointment of Mrs. Farida Khambata (DIN: 06954123) as Additional Director (Non-Executive, Independent) with effect from August 12, 2021, subject to shareholders' approval. Mrs. Farida Khambata has also been appointed as a member of the Audit Committee and Risk Management Committee effective August 12, 2021.
There are no inter-se relations between Mrs. Farida Khambata and the other members of the Board. Further, Mrs. Farida Khambata is not debarred from holding the office of Director by virtue of any Order passed by the Securities and Exchange Board of India or any other such authority.
The details in respect of Mrs. Farida Khambata is enclosed herewith in Annexure A.
The Board meeting commenced at 2:30 p.m. (IST) and concluded at 5:30 p.m. (IST).
The above announcements are also being made available on the website of the Company www.tatasteel.com
This disclosure is being submitted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
This is for your information and records.
http://www.rns-pdf.londonstockexchange.com/rns/4949I_1-2021-8-12.pdf
Annexure A
Details pertaining to appointment of Mrs. Farida Khambata as Additional Director(Non-Executive, Independent) of Tata Steel Limited are given below:
SN | Particulars | Details |
1 | Reason for change in Directors | Appointment |
2 | Date of Appointment & term of appointment | Mrs. Farida Khambata is appointed as Additional Director (Non-Executive, Independent) effective August 12, 2021 subject to shareholders' approval. |
3 | Brief Profile | Mrs. Farida Khambata is a Co-Founder of Cartica.
Prior to co-founding Cartica, Mrs. Khambata was a member of IFC's Management Group. In her last position at IFC she served as the Regional Vice President in charge of operations in East Asia and the Pacific, South Asia, Latin America and the Caribbean. She was responsible for strategy, investment operations and advisory services in IFC's member countries in these regions. She also oversaw IFC's equity investments globally.
Prior to that, Mrs. Khambata was Vice President for Portfolio and Risk Management where she had responsibility for the Corporation's portfolio (approximately $14 billion) and risk management operations, as well as for information technology, controls, budgeting, trust funds and back office operations. Previously she was the Treasurer of IFC and coined the term Frontier Markets.
Mrs. Khambata earned her MA in Economics from the University of Cambridge and her MS in Business Management from the London Business School. She serves on the boards of directors of Kotak Mahindra Bank in India and Dragon Capital in Vietnam.
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4 | Disclosure relationships directors | There are no inter-se relations betweenMrs. Farida Khambata and the other members of the Board |
Related Shares:
Tata Steel