The Board of Tata Steel on 22 November 2023 has approved the allotment of 7,58,00,309 fully paid-up equity shares of the Company of face value Rs 1/- each, to eligible shareholders of Tata Steel Long Products (TSLP) as on the record date i.e. 17 November 2023 (Record Date), in the share exchange ratio of 67:10 i.e., 67 fully paid-up equity shares of the Company of face value Rs 1/- each to be allotted for every 10 fully paid-up equity shares of TSLP of face value Rs 10/- each, in terms of the Scheme of Amalgamation as approved and sanctioned by the Hon`ble National Company Law Tribunal (`Hon`ble NCLT`), Mumbai Bench vide order dated 20 October 2023 and the Hon`ble NCLT, Cuttack Bench vide order dated 18 October 2023.Powered by Capital Market - Live News

Tata Steel Long Products (TSLP) announced that the scheme of amalgamation among TSLP and Tata Steel has become effective on and from 15 November 2023. With the Scheme of Amalgamation coming into effect, TSLP stands dissolved without winding up and accordingly, the Key Managerial Personnels (KMP) of TSLP shall cease to hold their positions and cease to be the KMPs of TSLP.Powered by Capital Market - Live News

Tata Steel Long Products has received the true copy of the order of the National Company Law Tribunal, Cuttack Bench that sanctioned the scheme of amalgamation amongst Tata Steel Long Products and Tata Steel and their respective shareholders Powered by Capital Market - Live News

Net Loss of Tata Steel Long Products reported to Rs 135.76 crore in the quarter ended September 2023 as against net loss of Rs 333.36 crore during the previous quarter ended September 2022. Sales declined 9.40% to Rs 1734.04 crore in the quarter ended September 2023 as against Rs 1913.94 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales1734.041913.94 -9 OPM %10.39-3.91 - PBDT-5.72-254.78 98 PBT-94.04-341.08 72 NP-135.76-333.36 59 Powered by Capital Market - Live News

Tata Steel Long Products will hold a meeting of the Board of Directors of the Company on 13 October 2023.Powered by Capital Market - Live News