Resignation of Director
Updated : 17:44
July 7, 2021
London Stock Exchange London
|
Dear Madam, Sirs,
Sub: Resignation of Director
This has reference to our letter dated July 5, 2021, informing that Dr. Peter Blauwhoff
(DIN: 07728872) has conveyed his intention to step down as Independent Director of the Company effective July 13, 2021.
Further to the said disclosure of July 5, 2021, we give below the details pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') read with Clause 7B of Part A of Schedule III of the Listing Regulations.
1. Reason for Resignation: Dr. Blauwhoff has stated in his letter that he has decided to step down, since Tata Steel Limited has indicated that after the separation of TSN and TSUK, for which the consultation process with the Central Works Council started last week, it prefers direct Executive representation from Tata Steel in the Supervisory Board of TSN.
2. Confirmation from the Independent Director : Dr. Peter Blauwhoff has confirmed that there are no other material reasons other than those mentioned above, for his resignation as Independent Director of Tata Steel Limited. The confirmation received from Dr. Blauwhoff is enclosed herewith.
This is for your information and records.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.