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MUMBAI - Tata Steel (NSE:TISC) Limited announced today that its shareholders have approved a series of material related party transactions through a postal ballot and remote e-voting process. The voting, which concluded on Thursday, May 15, 2025, resulted in the passage of various ordinary resolutions with the requisite majority.
The transactions involved several entities related to Tata Steel, including Tata Capital Limited, Neelachal Ispat Nigam Limited, and Tata Motors (NYSE:TTM) Limited, among others. These approvals encompassed both operational and financial transactions with subsidiary and associate companies.
The e-voting period for the resolutions began on April 16, 2025, and was conducted in accordance with the provisions of the Companies Act, 2013, and other relevant regulations and circulars. The scrutinizer’s report, confirming the results of the voting, was submitted on the closing day of the ballot.
Details of the voting results and the scrutinizer’s report, as per Regulation 44(3) of the Listing Regulations, have been made available on Tata Steel’s website, as well as the websites of National Securities Depository Limited, BSE Limited, and the National Stock Exchange of India Limited.
The approval of these transactions by Tata Steel’s shareholders indicates a continuation of the company’s business relationships with its various related parties. The specific terms and potential impacts of these transactions on Tata Steel’s operations and financials were not disclosed in the statement.
This announcement is based on a press release statement from Tata Steel Limited.
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