Press Release

Ref No. SEC/832/2026-27 August 14, 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 Mumbai - 400 001. Mumbai - 400 051. Maharashtra, India. Maharashtra, India. Scrip Code: 500470 Symbol: TATASTEEL Dear Madam, Sirs, Sub: Outcome of the Meeting of Committee of Directors - Divestment of entire stake held in Jamshedpur Football and Sporting Private Limited, wholly owned subsidiary The Committee of Directors (constituted by the Board of Directors of Tata Steel Limited at its meeting held on July 30, 2026 to consider and approve the proposal of divestment of stake in Jamshedpur Football and Sporting Private Limited), at its meeting held today i.e., August 14, 2026, considered and approved the transfer of entire 100% equity stake comprising of 4,08,00,000 equity shares of face value ₹10/- each held by Tata Steel Limited in Jamshedpur Football and Sporting Private Limited (‘JFSPL’), wholly owned subsidiary, to Churchill Brothers Sports Club Private Limited (‘Churchill’), at a nominal consideration of ₹100/-. Pursuant to the aforesaid approval, Tata Steel Limited and Churchill have, today, entered into a Share Purchase Agreement setting out the terms and conditions governing the proposed transfer of Tata Steel's entire shareholding (100%) in JFSPL to Churchill. The completion of the transaction is subject to the satisfaction of certain conditions precedent, including receipt of necessary approvals from the All-India Football Federation and completion of other customary actions and activities as agreed between Tata Steel and Churchill. Details relating to this transaction are provided in Annexure 1. Further, please find enclosed press release titled “Tata Steel transfers ownership of Jamshedpur Football & Sporting Pvt. Ltd. to Churchill Brothers FC” in relation to the above transaction, as Annexure 2. The meeting started at 12 noon (IST) and concluded at 12:15 p.m. (IST). 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. Thank you. Yours faithfully, Tata Steel Limited Parvatheesam Kanchinadham Company Secretary and Chief Legal Officer Annexure 1 SN Particulars Details Turnover of Jamshedpur Football and Sporting Private The amount and percentage of the Limited for FY2025-26: ₹32.23 crore turnover or revenue or income and net-worth contributed by such unit or Percentage: 0.01% of the consolidated turnover of Tata division or undertaking or subsidiary Steel Limited. or associate company of the listed entity during the last financial year. Net-worth of Jamshedpur Football and Sporting Private Limited as on March 31, 2026: ₹(5.8) crore Date on which the agreement for 2. August 14, 2026 sale has been entered into. The expected date of completion of August 31, 2026, subject to the satisfaction of certain sale / disposal. conditions precedent. Consideration received from such 4. Cash consideration of ₹100/- sale / disposal. Churchill Brothers Sports Club Private Limited operates a club under the name and style of ‘Churchill Brothers FC’ Brief details of buyers and whether with close to four decades of footballing legacy in Goa, any of the buyers belong to the 5. with a strong record in domestic football. promoter/ promoter group / group companies. If yes, details thereof. The buyer is not related to the Promoter/Promoter Group of Tata Steel Limited. Whether the transaction would fall within related party transactions? If 6. This is not a related party transaction. yes, whether the same is done at ‘arm’s length’. Whether the sale, lease or disposal of the undertaking is outside scheme Sale of entire 100% stake in Jamshedpur Football and of arrangement? If yes, details of the 7. Sporting Private Limited does not form part of any same including compliance with scheme of arrangement. Regulation 37A of LODR Regulations. Additionally, in case of a slump sale, indicative disclosures provided for 8. amalgamation / merger, shall be Not Applicable disclosed by the listed entity with respect to such slump sale. Tata Steel transfers ownership of Jamshedpur Football & Sporting Pvt. Ltd. to Churchill Brothers FC ~ Ownership transfer to ensure continuity for JFC players and coaching staff ~ Mumbai, August 14, 2026: Tata Steel has agreed to transfer its equity shares in ‘Jamshedpur Football & Sporting Private Limited’ (JFSPL) to Churchill Brothers Football Club for a token consideration. This transfer, made in accordance with All India Football Federation (AIFF) regulations, includes the transfer of the Club's Indian Super League (ISL) sporting licence, and the transfer of 12 players & 2 coaches. Tata Steel Limited and Churchill Brothers Football Club signed an agreement to this effect today. Churchill Brothers will take over the contracts of all JFC players and coaching staff with effect from September 2026, offering them the opportunity to continue their professional football careers in the ISL. Churchill Brothers carries close to four decades of footballing legacy in Goa, with two I-League titles and a strong record in Indian domestic football. D. B. Sundara Ramam, Vice President, Corporate Services, Tata Steel, said: "Churchill Brothers is a club with real history in Indian football, and we are glad that this agreement gives our players and coaches the opportunity to continue playing club football. We thank AIFF and Churchill Brothers for their partnership in making this transition a smooth one. Tata Steel will continue to focus on football at the grassroots and youth level, given our legacy of identifying and nurturing young talent, especially among local and tribal communities. This includes the Tata Football Academy, which has trained 150 cadets who have represented India and 26 captains of national teams across various age groups. We will continue to maintain and enhance our sporting infrastructure - repurposing it for grassroots football and athlete development. We will be modernising our youth system, investing in and further building its capability in collaboration with the AIFF.” At Tata Steel, sports is a way of life and forms an integral part of its culture. It is a means of providing opportunities to, and developing talent among local communities, promoting wellness, inclusion, discipline, and excellence. The Company remains firmly committed to its long legacy of developing sports at a grassroots level, expanding access, and strengthening India’s sporting ecosystem. The Tata Football Academy (TFA) was established in 1987 at Jamshedpur and has trained over 300 cadets, 150 of whom have represented the Indian National team. The majority of the Jharkhand boys U-14 and U-16 teams have come through Tata Steel Foundation football training centres, which work with tribal communities. Besides football, Tata Steel also operates world-class sports academies across the disciplines of archery, hockey, sport climbing and rowing. It also organises world-class marathon and chess competitions. The Tata Archery Academy is India’s premier archery institution, having trained over 180+ cadets in 25 years, including 8 Olympians. The Naval Tata Hockey Academy provides elite coaching and high-performance training, nutrition and mental conditioning across 3 regional development and 32 grassroots centres. Registered Office Bombay House 24 Homi Mody Street Fort Mumbai 400 001 India Tel 91 22 6665 8282 Fax 91 22 66657724 Corporate Identity Number L27100MH1907PLC000260 Website www.tatasteel.com Disclaimer Statements in this press release describing the Company’s performance may be “forward-looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirec [Showing first 8,000 characters — download PDF for full document]