Tata Steel Limited has informed the Exchange about appointment of Secretarial Auditors
TATASTEEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tata Steel's Board approved audited FY25 standalone results showing a net loss of ₹10,003.46 crore, compared to a restated profit of ₹15,661.85 crore in FY24, with total revenue of ₹1,34,763.56 crore. Statutory auditor Price Waterhouse issued an unmodified (clean) opinion with no adverse remarks on debt servicing capacity. The Board recommended a dividend of ₹3.60 per equity share (360% on face value of ₹1) for FY25, subject to shareholder approval, with record date fixed as June 6, 2025 and AGM on July 2, 2025. M/s. Parikh & Associates was appointed as Secretarial Auditor for a five-year term (FY26–FY30). The Board also approved a fund infusion of up to USD 2.5 billion (~₹21,411 crore) into wholly-owned subsidiary T Steel Holdings Pte. Ltd, and voluntarily changed the accounting policy to mark subsidiary equity investments to fair value through OCI.
The standalone swing to a loss is a red flag, but the clean audit opinion and continued dividend signal management confidence. The ₹21,411 crore capital infusion into the overseas subsidiary points to ongoing funding of Tata Steel's UK and European operations, which could be a near-term cash flow drag but supports long-term restructuring. Investors should watch the consolidated numbers and the rationale for the standalone loss, which includes a large exceptional charge of ₹902 crore.