Tata Steel - Outcome of Board Meeting

 May 16, 2018

London Stock Exchange

London

Dear Sir, Madam,

Re: Outcome of the Board Meeting

The Board of Directors at the meeting held today, i.e. May 16, 2018, 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, 2018.

b) Approved the Audited Standalone and Consolidated Financial Results of the Company for the financial year ended March 31, 2018.

Price Waterhouse & Co Chartered Accountants LLP, the Statutory Auditors of the Company have issued auditors' reports with an unmodified opinion on the financial statements.

http://www.rns-pdf.londonstockexchange.com/rns/3233O_-2018-5-16.pdf

2. Dividend and 111th Annual General Meeting (AGM)

Recommended a dividend of Rs. 10/- per Ordinary Share of Rs. 10 each andRs. 2.504 per partly paid Ordinary Share of Rs. 10/- each (paid-up Rs. 2.504 per share) to the shareholders for the financial year ended March 31, 2018. The dividend recommended by the Board is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company to be held on Friday, July 20, 2018.

The dividend, if approved by the shareholders at the AGM, will be paid on and fromJuly 23, 2018.

3. Book Closure

Approved closure of the Register of Members and Share Transfer Books of the Company from Saturday, July 7, 2018 to Friday, July 20, 2018 (both days inclusive) for the purpose of AGM and payment of Dividend.

The Board meeting commenced at 2:00 p.m. (IST) and concluded at 5:55 p.m. (IST).  

A copy of the said results together with the Auditors' Report and Press Release is 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.