Tata Steel : Outcome of the Court Convened Meeting of the equity shareholders of Tata Steel Limited

March 26, 2021

The Secretary, Listing Department BSE Limited,

Phiroze Jeejeebhoy Towers, Dalal Street,

Mumbai - 400 001. Maharashtra, India.

The Manager, Listing Department National Stock Exchange of India Ltd., Exchange Plaza, 5th Floor, Plot No. C/1, G-Block, Bandra - Kurla Complex, Bandra(E), Mumbai - 400 051.

Maharashtra, India.

Scrip code: 500470/890144*

Symbol: TATASTEEL/TATASTLPP*

Dear Madam, Sirs,

Subject: Summary of Proceedings and Voting Results of the Meeting of the Equity Shareholders of Tata Steel Limited ('Company') convened pursuant to the directions of the Hon'ble National Company Law Tribunal, Mumbai Bench ('NCLT') held on March 26,

2021

We refer to our letters dated February 17, 2021 and February 19, 2021.

Pursuant to the order dated February 20, 2020 in the Company Scheme Application No. CA (CAA) 3083/MB/2019 and orders dated January 11, 2021, January 19, 2021 and February 5, 2021 in the Company Application No. 1056/2020 (collectively 'Orders'), passed by the NCLT, and in compliance with applicable provisions of the Companies Act, 2013 ('Act') and the

Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)

Regulations, 2015 ('SEBI Listing Regulations'), each as amended from time to time, the meeting of the Equity Shareholders of the Company ('Members') was held on Friday, March 26,

2021 at 11:00 a.m. (IST) through two-way video conferencing/other audio-visual means ('VC/OAVM') ('Meeting') to approve the Composite Scheme of Amalgamation of Bamnipal Steel Limited and Tata Steel BSL Limited (formerly known as Bhushan Steel Limited) into and with Tata Steel Limited ('Scheme'). The Scheme was approved by the shareholders of the Company with requisite majority. The Company also facilitated the live webcast of the proceedings of the Meeting.

In this regard, please find enclosed the following:

(i) Summary of the proceedings of the Meeting of the Company, as required under Regulation 30 and Part A of Schedule Ill of the SEBI Listing Regulations enclosed as Annexure - A.

Registered Office Bombay House 24 Homi Mody Street Fort Mumbai 400 001 India

Tel [phone] Fax [phone] Websitewww.tatasteel.com

Corporate Identity Number L27100MH1907PLC000260

• (ii) Consolidated voting results of the postal ballot and remote e-voting (prior to as well as during the meeting), in relation to the item of business transacted at the said Meeting, as required under Regulation 44(3) of the SEBI Listing Regulations enclosed as Annexure - B.

• (iii) The Scrutinizer's Report dated March 26, 2021, pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 enclosed as Annexure - C.

The Meeting concluded at 12.15 p.m. (IST).

The Voting Results along with the Scrutinizer's Report is available on the website of the Company atwww.tatasteel.com and the National Securities Depository Limited atwww.evoting.nsdl.com

You are requested to kindly take the same on record.

Yours faithfully,

Tata Steel Limited

Parvatheesam Kanchinadham Company Secretary &

Chief Legal Officer (Corporate & Compliance)

Encl: as above

*Securities in scrip code 890144 and symbol TATASTLPP stand suspended from trading effective February 17, 2021.

Annexure -A

Summary of Proceedings of the Meeting of the Equity Shareholders of Tata Steel Limited ('Company') convened pursuant to the directions of the Hon'ble National Company

Law Tribunal, Mumbai Bench held on March 26, 2021

The meeting of the equity shareholders of the Company convened pursuant to the directions of the Hon'ble National Company Law Tribunal, Mumbai Bench ('Hon'ble Tribunal/NCLT') was

held on Friday, March 26, 2021 at 11:00 a.m. (IST) through two-way video conferencing/other audio-visual means ('VC/OAVM') ('Meeting').

Mr. Parvatheesam Kanchinadham, Company Secretary & Chief Legal Officer (Corporate & Compliance), welcomed the Members to the Meeting and provided them with the necessary details relating to their participation at the Meeting through VC/OAVM.

Mr. N. Chandrasekaran, Chairman appointed to conduct the Meeting by the NCLT chaired the Meeting. He informed the Members that the Meeting was convened pursuant to the directions of the NCLT in the matter of Composite Scheme of Amalgamation of Bamnipal Steel Limited and Tata Steel BSL Limited (formerly known as Bhushan Steel Limited) into and with Tata Steel Limited. The requisite quorum being present, the Chairman called the Meeting to order.

All the Directors of the Company were present at the Meeting through VC from their respective locations. The Chairman welcomed the Directors and requested them to introduce themselves to the Members. The respective Chairpersons of the Audit Committee, the Nomination and Remuneration Committee and the Stakeholders' Relationship Committee were also present at the meeting.

The Chairman then informed the Members that, the representatives of M/s Price Waterhouse & Co. Chartered Accountants LLP, Statutory Auditors and M/s Parikh and Associates, Secretarial Auditors and Scrutinizers for the postal ballot and remote e-voting (prior to as well as during the meeting), were also present at the Meeting through VC.

The Chairman informed the members that due to COVID-19 concerns and social distancing norms, the NCLT had directed that the Meeting be held through video conference or other audio-visual means. He further informed the Members that the Meeting was being conducted in compliance with the directions of the Hon'ble tribunal and the Circulars issued by the Ministry of Corporate Affairs.

Registered Office Bombay House 24 Homi Mody Street Fort Mumbai 400 001 India

Tel [phone] Fax [phone] Websitewww.tatasteel.com

Corporate Identity Number L27100MH1907PLC000260

He informed the Members that live streaming of the proceedings of the Meeting was being made available through the website of National Securities Depository Limited ('NSDL'). The Company had taken the requisite steps to enable Members to participate and vote on the item being considered at this Meeting.

The details of authorized representations received from corporate shareholders was informed to the Members. Since there was no physical attendance of Members, and in compliance with the Circulars issued by the MCA and SEBI, Members were informed that the requirement of appointing proxies was not applicable. Further, it was informed to the Members that the

Registers as required under the Companies Act, 2013 were available for inspection in electronic mode for the Members, on request.

The Chairman informed that the Notice of the Meeting, the Explanatory Statement under Sections 230(3), 232(2) and 102 of the Act read with rules framed thereunder and the Scheme had been dispatched to the Members through electronic means. In addition, the advertisements containing the details of the Meeting were duly published in newspapers, in accordance with the directions of the Hon'ble Tribunal.

With the consent of the Members, the Notice convening the Meeting was taken as read.

The Chairman then briefed the Members regarding the Composite Scheme of Amalgamation of Bamnipal Steel Limited and Tata Steel BSL Limited into and with Tata Steel Limited.

The following resolution set out in the Notice convening the Meeting was put up to the Members for voting during the Meeting:

Item No.	Details of the Resolution
1.	Approval of the Composite Scheme of Amalgamation of Bamnipal Steel Limited and Tata Steel BSL Limited (formerly known as Bhushan Steel Limited) into and with Tata Steel Limited under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 and other matters incidental thereto.

The Company Secretary & Chief Legal Officer (Corporate & Compliance) informed the Members that the Company had provided its Members the facility to cast their vote through postal ballot and remote e-voting electronically using the facility provided by NSDL. He further informed that the remote e-voting facility was also made available during the Meeting for the benefit of Members who were present during the Meeting and had not cast their votes earlier through postal ballot or remote e-voting.