Summary of the Proceedings and Voting Results of the 118th Annual General Meeting of Tata Steel Limited on Wednesday, July 2, 2025
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Tata Steel held its 118th AGM on July 2, 2025 via video conferencing, chaired by Mr. Natarajan Chandrasekaran and attended by CEO & MD Mr. T.V. Narendran who presented FY2024-25 performance. All six resolutions were passed with overwhelming majority: adoption of audited standalone (99.88% in favour) and consolidated (99.92%) financial statements, declaration of ₹3.60 per equity share dividend (99.99%), re-appointment of Mr. Noel Naval Tata as director (96.91%), appointment of M/s Parikh & Associates as secretarial auditors for five years (FY2025-26 to FY2029-30), and ratification of remuneration for cost auditors M/s Shome & Banerjee. About 60.6 lakh shareholders were on record as of June 25, 2025, with voting participation of roughly 73% of outstanding shares on most resolutions.
Shareholders have formally approved a ₹3.60 per share dividend for FY2024-25 and continuity in leadership with Noel Tata's re-appointment. The near-unanimous approval across all resolutions signals strong shareholder confidence, though the Noel Tata re-appointment saw notable dissent of 3.09%, which is worth monitoring.