Acquisition

Ref: SEC/1408/2026-27 November 7, 2026 The Secretary, Listing Department The Manager, Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange 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 Sir, Madam, Sub: Acquisition of 38,222 equity shares of face value ₹10/- each in Creative Port Development Private Limited (‘CPDPL’) due to conversion of 25,10,830 Optionally Convertible Redeemable Preference Shares of CPDPL, as per terms of issue This is in reference to the above-mentioned subject. On November 7, 2026, Tata Steel Limited (‘Company’) completed the acquisition of 38,222 equity shares of face value ₹10/- each in Creative Port Development Private Limited (‘CPDPL’), a subsidiary of the Company, due to conversion of 25,10,830 Optionally Convertible Redeemable Preference Shares (‘OCRPS’) held by the Company in CPDPL in the ratio of 1 equity share of ₹10/- each for every 65.69 number of OCRPS of ₹100/- each, as per the terms of the issue. Post this conversion, the Company’s equity stake in CPDPL has increased by 6.5% from 51% to 57.5% and CPDPL continues to remain a subsidiary of the Company. For further details on the acquisition, please refer Annexure 1 as enclosed. 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 Encl: Annexure Annexure 1 SN Particulars Details Target entity: Creative Development Port Private Limited (‘CPDPL’) is a subsidiary of Tata Steel Limited (‘Company’). It was incorporated under the Companies Act,1956 and is an existing company under the Companies Act, 2013. CPDPL is engaged in development of a Port Project through its subsidiary company, Subarnarekha Port Private Limited. Turnover for last 3 financial years is as below: Financial Year Amount (₹ crore) 2023-24 0 Name of the target entity, details in 1. 2024-25 0 brief such as size, turnover etc. 2025-26 0 Other Income for last 3 financial years is as below: Financial Year Amount (₹ crore) 2023-24 4.40 2024-25 3.67 2025-26 3.69 Further, the PAT for FY2025-26 was ₹0.31 crore and Net worth for FY2025-26 was ₹222.01 crore. CPDPL is a subsidiary company of Tata Steel Limited and hence, a related party of the Company. Whether the acquisition would fall As on date of this disclosure i.e. November 7, 2026 and within related party transaction(s) after taking into consideration the conversion of and whether the promoter/promoter OCRPS into equity shares in favour of the Company, group/ group companies have any 2. Tata Steel Limited continues to hold 1,65,722 equity interest in the entity being acquired? shares of face value ₹10/- each representing 57.5% If yes, nature of interest and details equity shareholding in CPDPL and 1,97,00,000 thereof and whether the same is OCRPS of face value ₹100/- each representing 100% done at “arm’s length” preference shareholding in CPDPL. The acquisition is in compliance with applicable laws. Industry to which the entity being 3. Transportation and Storage (Port) acquired belongs Objects and impact of acquisition The acquisition of aforementioned 38,222 equity (including but not limited to, shares is due to conversion of 25,10,830 OCRPS of disclosure of reasons for acquisition CPDPL held by the Company, at conversion ratio of of target entity, if its business is 1:65.69 and as per the terms of the issue. The outside the main line of business of fractional entitlement has been settled through cash the listed entity) payment. SN Particulars Details Post the acquisition, the equity stake of Tata Steel Limited in CPDPL increased by 6.5% from 51% to 57.5%. CPDPL continues to be a subsidiary of the Company. Brief details of any governmental or 5. regulatory approvals required for the None acquisition Tata Steel Limited has on November 7, 2026 acquired 38,222 equity shares of face value ₹10/- each pursuant Indicative time period for completion to conversion of 25,10,830 OCRPS of face value of the acquisition ₹100/- each in the ratio of 1 equity share of ₹10/- each for every 65.69 number of OCRPS of ₹100/- each, as per the terms of the issue. As per the terms of the OCRPS issue and considering the conversion ratio as 1 equity share of ₹10/- each for every 65.69 number of OCRPS of ₹100/- each, the Company became entitled to 38,222.41 equity shares Consideration - whether cash of CPDPL. 7. consideration or share swap or any other form and details of the same Accordingly, CPDPL allotted 38,222 equity shares to the Company and provided cash settlement of ₹6,876.11 towards the fractional entitlement of 0.41 shares based on the terms of issue. Cost of acquisition or the price at 8. Same as mentioned in point no. 6 above. which the shares are acquired Percentage of shareholding / control 9. acquired and / or number of shares Enclosed as Annexure 2. acquired Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the Please refer point no. 1. acquired entity has presence and any other significant information (in brief); Annexure 2 Pre-acquisition Post-acquisition Name of shareholder No. of shares % No. of shares % Tata Steel Limited Equity Shares of face value ₹10/- each 1,27,500 51 1,65,722 57.5 OCRPS of face value ₹100/- each 2,22,10,830 100 1,97,00,000 100