Tata Steel Limited - Outcome of Board Meeting

June 29, 2020

London Stock Exchange,

London

Dear Madam, Sir(s),

Re: Outcome of the Board Meeting

The Board of Directors at the meeting held today, i.e. June 29, 2020, inter alia, transacted the following business:

1. Financial Results

a) Approved the Audited Standalone and Unaudited Consolidated Financial Results of the Company for the quarter ended March 31, 2020.

b) Approved the Audited Standalone and Consolidated Financial Results of the Company for the financial year ended March 31, 2020.

Price Waterhouse & Co Chartered Accountants LLP, the Statutory Auditors of the Company have issued auditors' reports with an unmodified opinion on the Financial Results of the Company for the Financial Year ended March 31, 2020.

2. Dividend

Recommended a dividend of Rs. 10/- per Ordinary Share of Rs. 10/- each (100%) and Rs. 2.504 per partly paid Ordinary Share of Rs. 10/- each (paid-up Rs. 2.504 per share) (100%) to the shareholders of the Company for the Financial Year ended March 31, 2020. The dividend recommended by the Board of Directors of the Company is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company and will be paid post the AGM.

The Board meeting commenced at 1:45 p.m (IST) and concluded at 5:50 p.m. (IST).  

A copy of the said results together with the Auditors' Report and Press Release for quarter and financial year ended March 31, 2020 are enclosed herewith. These are also being made available on the website of the Company at www.tatasteel.com.

This is for your information and record.

 http://www.rns-pdf.londonstockexchange.com/rns/4394R_1-2020-6-29.pdf