NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company4d ago · 18 Sept 2026, 08:14 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Tata Steel Limited · TATASTEEL
✦ AI SummaryLitigation
Tata Steel Limited has informed the Exchange about a court order related to a writ petition filed by the company regarding a loan from the Steel Development Fund (SDF). The Hon'ble High Court of Calcutta has disposed of the interim application with a direction that the fund shall not be utilised or disbursed to third parties until the appeal is disposed of.
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Tata Steel Limited has informed the Exchange about disclosure under Regulations 30 read with 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Ref: SEC/1066/2026-27
September 18, 2026
The Secretary, Listing Department The Manager, Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1,
Dalal Street, G Block, Bandra-Kurla Complex, Bandra (E),
Mumbai - 400 001. Mumbai - 400 051.
Maharashtra, India. Maharashtra, India.
Scrip Code: 500470 Symbol: TATASTEEL
Dear Madam, Sirs,
Sub: Disclosure under Regulations 30 read with 51 of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
This is further to our disclosures dated April 2, 2024 and May 24, 2024 on the abovementioned
subject read with ‘material litigation’ section of the Board’s Report of Tata Steel Limited
(‘Company’) and notes to financial statements, both forming part of the 11th Integrated Report
and 118th Annual Accounts of the Company for FY2025-26, in connection with loans obligations
of the Company arising from Steel Development Fund (‘SDF’).
Background:
On April 2, 2024, the Company filed a writ petition before the Hon’ble High Court of Calcutta
(‘Hon’ble High Court’), in the matter of rejection of a representation made by the Company in
respect of waiver of loans availed by the Company from SDF (in parity with SAIL), managed by
Joint Plant Committee (‘JPC’), Ministry of Steel. The matter was heard by the Hon’ble High
Court over several hearings.
On May 24, 2024, the Hon’ble High Court (Single Bench) dismissed the writ petition filed by the
Company, with a liberty to the Company to approach the JPC. The Company sought further
legal remedies and filed an appeal against this order before the Hon’ble High Court of Calcutta
(Division Bench). This appeal is pending before the Hon’ble High Court of Calcutta.
On January 17, 2025, the Company received a demand from the Ministry of Steel to make
payment towards outstanding balance of SDF loan. During FY2026, the Company discharged
its liability towards JPC aggregating to ₹2,970 crore, without prejudice to its rights and
contentions in the appeal.
Present Status:
The Management believed that an interim protection was necessary to safeguard the amounts
deposited by the Company with JPC. Accordingly, the Company filed an Interim Application
bearing IA no. GA/2/2026 before the Hon’ble High Court of Calcutta seeking injunction on JPC
utilizing the said amount of ₹2,970 crore.
The IA NO. GA/2/2026 was heard by the Hon’ble High Court of Calcutta on September 17, 2026.
As per the order of the Hon’ble High Court of Calcutta dated September 17, 2026 received by
the Company today i.e. September 18, 2026, Hon’ble High Court has disposed of the interim
application with the direction that till the appeal is disposed of, the fund shall not be utilised or
disbursed to third parties.
This disclosure is being made by the Company in compliance with Regulations 30 and 51 of the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended.
This is for your information and records.
Thanking you.
Yours faithfully,
Tata Steel Limited
Parvatheesam Kanchinadham
Company Secretary and Chief Legal Officer