Tata Steel Ltd.

Tata Steel has informed that it enclosed a statement indicating no deviation or variation in utilization of proceeds received in the form of first and final call money from conversion of partly paid-up equity shares of the Company of face value ?10 each (?2.504 paid-up) into fully paid-up equity shares of the Company of face value ?10 each, on which the first and final call money of ?461 per share (comprising face value of ?7.496 per share and securities premium of ?453.504 per share) has been received aggregating to ?2.72 crore during the quarter ended March 31, 2022. The said conversion is in terms of the Letter of Offer dated January 22, 2018 pertaining to Company’s Rights Issue 2018. This disclosure is being made in terms of the SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019 read with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The above information is a part of company’s filings submitted to BSE.