Outcome of Board Meeting

Ref: SEC/733/2026-27 July 30, 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 July 17, 2026. The Board of Directors (‘Board’) of the Company at its meeting held today, i.e. July 30, 2026, inter alia, transacted the following business: 1. Financial Results for quarter ended June 30, 2026 Considered and approved the Audited Standalone and Unaudited Consolidated Financial Results of the Company for the quarter ended June 30, 2026. The financial information as required to be provided in terms of Regulation 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 for the quarter ended June 30, 2026, is enclosed herewith as Annexure. 2. Capacity addition at Neelachal Ispat Nigam Limited (‘NINL’), wholly owned subsidiary Approved the core project of steelmaking capacity expansion by 4.8 MTPA in NINL at an estimated capex of ₹33,873 crore. This will enable Tata Steel to further expand the long products portfolio especially in the retail space where our branded products are in high demand. NINL is currently going through the process of amalgamation into and with Tata Steel Limited. The above disclosures are being made available on the website of the Company at www.tatasteel.com The Board meeting commenced at 2:00 p.m. (IST) and concluded at 6:00 p.m. (IST). These disclosures are being made pursuant to Regulation 30, 33, 52, 51 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. Price Waterhouse & Co Chartered Accountants LLP INDEPENDENT AUDITOR'S REPORT The Board of Directors Tata Steel Limited Bombay House, 24, Homi Mody Street, Fort, Mumbai - 400001 Report on the Audit of the Standalone Financial Results Opinion 1. We have audited the accompanying standalone quarterly financial results of Tata Steel Limited (hereinafter referred to as "the Company") for the quarter ended June 30,2026, attached herewith (the "Standalone Financial Results") which are included in the accompanying 'Standalone Statement of Profit and Loss for the quarter ended on 30th June 2026' (the Statement), being submitted by the company pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"). 2. In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results: () are presented in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, 2015 in this regard; and (ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 0f the Companies Act, 2013 and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the quarter ended June 30, 2026. Basis for Opinion 3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Standalone Financial Results' section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the 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 opinion. Management's Responsibilities for the Standalone Financial Results 4. These quarterly Standalone Financial Results have been prepared on the basis of the interim financial statements. The Company's Board of Directors are responsible for the preparation of these Standalone Financial Results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (Ind AS) 34, 'Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted Price Waterhouse & Co Chartered Accountants LLP, 252, Veer Savarkar Marg, Mumbai - 400 028 T: +91 (22) 66697508 Registered office and Head office: Plot No. 56 & 57, Block DN, Sector-V, Salt Lake, Kolkata - 700 091 P uri Pce W AAate cr -h 4o au 6s 2e &w C»o . e(a P eca trt n toe mrsh i Jp F yir m 7,) c 2o onv ±e rt Pe od tin t so P cr onice erW siat onerh o tou s Pe C ah tea rrte or ue sd A sc c coou n cta rn ats eL iK,T2Ra.a men o s: 304026E/E300009 (ICAI registration number before conversion was 304026E) Price Waterhouse & Co Chartered Accountants LLP in India and in compliance with Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, 2015. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error. 5. In preparing the Standalone Financial Results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. 6. The Board of Directors are also responsible for overseeing the Company's financial reporting process. Auditor's Responsibilities for the Audit of the Standalone Financial Results 7. Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expec [Showing first 8,000 characters — download PDF for full document]