Outcome of Board Meeting
October 31, 2022
London Stock Exchange
Dear Madam, Sir,
Subject: Outcome of Board Meeting
The Board of Directors ('Board') of Tata Steel Limited ('Company') at its Meeting held today i.e., Monday, October 31, 2022, inter alia, transacted the following business:
a) Financial Results: Approved the audited Standalone and unaudited Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2022. The financial information as required to be provided in terms of Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') forms part of the Financial Results.
A copy of the Financial Results together with the Auditors' Report, Press Release and Investor Presentation are enclosed herewith.
b) Re-appointment of Whole-time Director: Based on the recommendation of the Nomination and Remuneration Committee, the Board considered and unanimously approved the re-appointment of Mr. Koushik Chatterjee (DIN: 00004989) as the Whole-time Director ('WTD') designated as Executive Director and Chief Financial Officer for a further period of five years effective
November 9, 2022, through November 8, 2027. This re-appointment is subject to the approval of the Shareholders of the Company.
Mr. Chatterjee's present tenure as the WTD of the Company will conclude on
November 8, 2022.
There are no inter-se relations between Mr. Chatterjee and the other members of the Board.
Further, Mr. Chatterjee 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 pertaining to re-appointment of Mr. Koushik Chatterjee are enclosed herewith.
The Board meeting commenced at 1:30 p.m. (IST) and concluded at 5.05 p.m. (IST).
The above announcements are also being made available on the website of the Company at
This disclosure is being submitted in compliance with Regulation 30 read with Regulation 51 of the Listing Regulations.
This is for your information and records.