Summary of the Proceedings and Voting Results of the 118th AGM of Tata Steel Limited held on Wednesday, July 2, 2025
Awaiting price reaction for this filing.
Tata Steel held its 118th AGM on July 2, 2025, via video conferencing from 3:00 PM to 7:05 PM, chaired by N. Chandrasekaran with CEO & MD T.V. Narendran presenting the FY2024-25 performance. All six ordinary resolutions were passed, including adoption of standalone and consolidated audited financial statements, declaration of a dividend of ₹3.60 per equity share of face value ₹1 for FY2024-25, re-appointment of Noel Naval Tata as a director retiring by rotation, appointment of M/s Parikh & Associates as secretarial auditors for five years (FY2025-26 to FY2029-30), and ratification of remuneration of M/s Shome & Banerjee as cost auditors for FY2025-26. Shareholder participation was healthy, with roughly 73% of outstanding shares voting across promoter, public institutions, and non-institutions. Five of the six resolutions received over 99.8% support, while the re-appointment of Noel Tata received the lowest backing at 96.91% in favour (3.09% against, largely from public institutions). The statutory auditors' report carried no qualifications or adverse remarks.
Eligible shareholders will receive a ₹3.60 per share dividend for FY2024-25, with the record date set at June 25, 2025. The Noel Tata re-appointment passed comfortably but with the weakest support, reflecting some institutional dissent, though it is not material. Overall, this is a routine, positive outcome with near-unanimous shareholder backing on key resolutions.