Outcome of Board Meeting

Ref: SEC/1403/2026-27 November 7, 2026 The Secretary, Listing Department The Manager, Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Pladza, 5th Floor, Plot No. C/1, Dalal Street, G Block, Bandra-Kurla Complex, Bandra, Mumbai - 400 001. Mumbai - 400 051. Maharashtra, India. Maharashtra, India. Scrip Code: 500470 Symbol: TATASTEEL Dear Madam, Sirs, Sub: Outcome of Board meeting of Tata Steel Limited This has reference to our intimation of meeting of the Board of Directors of Tata Steel Limited (‘Company’) dated October 24, 2026. The Board of Directors (‘Board’) of the Company at its meeting held today, i.e. November 7, 2026, inter alia, transacted the following business: 1. Financial Results for quarter and half year ended September 30, 2026 Considered and approved the Audited Standalone and Unaudited Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. The financial information as required to be provided in terms of Regulations 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’) forms part of the Financial Results. A copy of the said Financial Results together with the Statutory Auditors’ Report (with modified opinion) for the quarter and half year ended September 30, 2026, is enclosed herewith as Annexure A. Response to the Statutory Auditor’s opinion is provided in point no. 4 of the Notes to the Financial Results forming part of the SEBI Release enclosed in Annexure A. 2. Retirement of Mr. Noel Naval Tata as the Non-Executive, Non-Independent Director and Vice Chairman of the Board In accordance with the Tata Group Governance Guidelines, Mr. Noel Naval Tata (DIN: 00024713) will retire as the Non-Executive, Non-Independent Director and Vice Chairman of the Board, effective close of business hours on November 11, 2026. Mr. Tata has been associated with the Company since March 2022 and during his tenure, he has provided valuable guidance and strategic direction to the Company. The Board places on record its deep appreciation for his invaluable contributions to the Company. The details required in terms of the Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, issued and notified by the Securities and Exchange Board of India are given in Annexure B. The Board meeting commenced at 9:00 a.m. (IST) and concluded at 12:00 noon (IST). These are also being made available on the website of the Company at www.tatasteel.com These disclosures are being made pursuant to Regulation 30, 33, 51, 52 read with Schedule III and other applicable provisions of the SEBI Listing Regulations, as amended, along with applicable SEBI Circulars notified in this regard. This is for your information and records. Yours faithfully, Tata Steel Limited Parvatheesam Kanchinadham Company Secretary and Chief Legal Officer Encl.: As above. PLL stnatnuoccA deretrahC oC esuohretaW ecirP & TROPER S'ROTIDUA TNEDNEPEDNI srotceriD fo draoB ehT ,detimiL leetS ataT ,esuoH yabmoB ydoM ,teertS imoH ,42 100004-iabmuM ,troF stluseR laicnaniF enoladnatS eht fo tiduA eht no tropeR noinipO deifilauQ detimiL leetS ataT fo stluser laicnanif enoladnats eht detidua evah eW ylretrauq gniynapmocca .t ot raey eht dna 62o2 ,o3 dedne eht rof eht" sa ot derrefer retfaniereh( rebmetpeS retrauq )"ynapmoC tnemetatS morf eht ,htiwereh dehcatta ,6202 ,03 rebmetpeS ot 62o2 lirpA doirep eht rof stluser etad ,1 taht no dedne raey-flah eht rof swolF hsaC fo tnemetatS eht dna etad taht no sa seitilibaiL dna stessA fo enoladnatS' eht ni dedulcni era hcihw )"stluseR laicnaniF enoladnatS" eht( etad gniynapmocca enoladnatS ,62o2 hto3 no dedne shtnom eht rof ssoL dna tiforP fo tnemetatS rebmetpeS xis/retrauq shtnom xis eht rof swolF hsaC fo tnemetatS enoladnatS dna 62o2 rebmetpeS hto3 ta sa teehS ecnalaB eht ot eht dettimbus ,)tnemetatS eht( '62o2 hto3 no dedne tnausrup ynapmoC yb gnieb rebmetpeS gnitsiL( IBES eht fo 36 htiw daer 25 dna 33 fo noitalugeR noitalugeR noitalugeR tnemeriuqer ,snoitalugeR gnitsiL" eht( dednema sa ,5102 ,snoitalugeR )stnemeriuqeR erusolcsiD dna snoitagilbO )5102 tpecxe ,su ot nevig snoitanalpxe eht ot gnidrocca dna noitamrofni ruo fo tseb eht ot dna noinipo ruo nI .2 eht eht ruo fo noitces deifilauQ rof sisaB" eht ni debircsed rettam eht fo stceffe rof ,troper "noinipO :stluseR laicnaniF enoladnatS htiw daer 25 dna 33 fo stnemeriuqer eht htiw ecnadrocca ni era )i( noitalugeR noitalugeR detneserp dna siht ni 51o2 eht fo 36 ;drager ,snoitalugeR gnitsiL noitalugeR nwod dial tnemerusaem dna eht htiw ytimrofnoc ni weiv riaf dna eurt a evig )ii( selpicnirp noitingocer dna 31o2 ,tcA seinapmoC eht fo 331 noitceS rednu debircserp sdradnats elbacilppa eht ni gnitnuocca rehto dna ten eht fo ,aidnI ni rehto evisneherpmoc tiforp detpecca yllareneg selpicnirp gnitnuocca eht sa llew sa 6202 ,03 dedne eht rof noitamrofni laicnanif rehto dna emocni raey rebmetpeS retrauq fo tnemetatS eht osla dna ,6202 ,o3 rebmetpeS ot 6202 ,1 lirpA morf doirep eht rof stluser etad ot eht rof swolF hsaC fo tnemetatS eht dna 62o2 ,o3 rebmetpeS ta sa seitilibaiL dna stessA raey-flah etad taht no dedne noinipO deifilauQ rof sisaB ni seitniatrecnu tnerruc eht gninialpxe tnemetatS eht ot 4 etoN ot noitnetta ward eW .3 tcepser tnacifingis ot eht fo a ,)'NST'( .V.B dnalredeN leetS ataT fo ,ynapmoC yraidisbus nwod-pets noitingocer-non gnidael ton sah .eulav riaf ni noitcuder rehtruf fo evitnatsbus/lairetam elbaborp desingocer tnemeganaM rof emocnI rehtO ni stnuoma eht fo ssecxe ni ,eulav riaf ni noitcuder evisneherpmoC ydaerla desingocer ot 1 morf eht rof stluser etad ot raey eht dna ,6202 ,o3 rebmetpeS dedne retrauq eht lirpA doirep fo sa erorc 31.870,95 fo eulav a ,tnemtsevni sti ot tcepser htiw ,6202 ,03 rebmetpeS .sR gniyrrac gnivah .)NST fo eht( .dtL .etP leetS T ni ,6202 ,03 rebmetpeS ynapmoc gnidloh sgnidloH ni noitces rednu )sAS( no sdradnatS eht htiw ecnadrocca tidua ruo detcudnoc eW .4 deificeps gnitiduA era rehtruf sdradnatS esoht rednu seitilibisnopser ruO .)tcA eht( 31o2 ,tcA seinapmoC eht fo )010341 fo noitces 'stluseR laicnaniF enoladnatS eht fo tiduA eht rof seitilibisnopseR s'rotiduA' eht ni debircsed eht deussi scihtE fo edoC eht htiw ecnadrocca ni eht fo era eW .troper ruo ynapmoC tnednepedni yb gnew ,tad1� " vihS ,graM rakravaS reeV ,252 ,PLL stnatnuoccA deretrahC oC esuohretaW ecirP & g' @-cAAv 820 004- iabmuM ss > % ] (5[ 70/40874566 )22( 19+ :F,00519666 )22( 19+ :T ) stnatnuocc#erotanc '$_,...,' � I!-i.,J\i ('fI), � li0001•11Ua<tl,t<ialtlaS,V-,c1:ctS NOeoiB,15&85 eN tolP � t:<!lcdNHlltratelffOde,.t•" , !' l :\'E p_1�� ii-J#t .a oC oC ""y1,1 a( PlL atn,U-ccA HUOl'rt1all' itcnP c!ni l<tt..,.,roc i....l,a,lC & lm'"F polllrtnnaP HUOI'lrttaW ec,rP a( .st/ si rebrun noitan ger stnatnuoccA deretrahC A esuohretaW ecirP ot noisrevnoc sti tsoP .4102 ,7 htw oC =u mort tctte NIP.LL yluJ 2634-CAA )£620403 900003/E820403 saw noisrevnoc erofeb rbnrur IAC@ noitartsiger Price Waterhouse & Co Chartered Accountants LLP Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. Emphasis of Matter 5. Wedraw attention to Note 3 to the Statement in respect of the Scheme of Amalgamation (the "Scheme") between the Company and its subsidiary, Rujuvalika Investments Limited, which has been approved by the National Company Law Tribunal, Mumbai Bench (the "NCLT" ) ide its Order dated October 1, 2026 with an 'appointed date' of April 1, 2023. Pursuant to the NCLT approval, the Company has given effect to the Scheme in accord [Showing first 8,000 characters — download PDF for full document]