Tata Steel Limited has, on January 9, 2025, received an Adjudication Order dated January 6, 2025, issued by the Collector of Stamps, Enforcement - I, Mumbai, Government of Maharashtra. The Order relates to adjudication of stamp duty payable by the Company towards implementing the Scheme of Amalgamation amongst The Tinplate Company of India Limited and Tata Steel Limited and their respective shareholders as approved and sanctioned by the Hon'ble National Company Law Tribunal, Mumbai Bench (having jurisdiction over Tata Steel Limited), vide its order dated October 20, 2023. The Scheme is effective on and from January 15, 2024.

In terms of provisions of Section 39 of the Maharashtra Stamp Act, 1958, the Collector of Stamps, Enforcement ­ I, Mumbai, Government of Maharashtra has issued the Order inter alia imposing a penalty of 14,614,380/- on the Company. The penalty is towards belated filing of stamp-duty application for necessary payment of stamp duty to appropriate authority as per the provisions of Maharashtra Stamp Act, 1958.