Disclosure under Reg30(4) of SEBI(LODR)Regulations

Tata Steel Limited

17 January 2025

 

January 17, 2025

London Stock Exchange

London

Dear Madam, Sir,

Sub: Disclosure pursuant to Regulation 30(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

This has reference to our earlier disclosures dated November 6, 2024, August 14, 2024, and July 31, 2024, regarding litigation of Tata Steel Limited ('Company') concerning imposition of tax on mineral bearing land of the Company by the State of Odisha under the provisions of the Orissa Rural Infrastructure and Socio-Economic Development Act, 2004.

In our earlier disclosures, the Company had informed about the judgement of the Constitutional Bench of the Hon'ble Supreme Court of India pronounced on July 25, 2024 dealing with the legislative authority of the State to tax minerals. The Hon'ble Supreme Court of India vide its judgement dated July 25, 2024 ruled that the Mines and Minerals (Development & Regulation) Act, 1957, will not denude the States of the power to levy tax on mineral rights. The Constitutional Bench further directed the listing of the pending matters before an appropriate Regular Bench of the Hon'ble Supreme Court of India. This was followed by an order dated August 14, 2024, of the Constitutional Bench of the Hon'ble Supreme Court of India, directing/clarifying certain matters in respect of its judgement dated July 25, 2024. Further, the Hon'ble Supreme Court of India dismissed a batch of review petitions in the above matter vide its order dated
September 24, 2024.

In continuation of our disclosure dated November 6, 2024, we wish to inform you that, the Company has today i.e., January 17, 2025, filed Curative Petition before the Hon'ble Supreme Court of India praying invocation of extraordinary jurisdiction of the Hon'ble Supreme Court of India under order XLVIII,
Rule 1 of the Supreme Court Rules, 2013 in respect of the order dated September 24, 2024 passed by the Constitutional Bench of the Hon'ble Supreme Court of India in Karnataka Iron & Steel Manufacturers Association vs. Mineral Area Development Authority & Another.

This disclosure is made in compliance with Para B of Part A of Schedule III to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

This is for your information and records.

 

END