Tata Steel Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Court stay obtainedRegulatory & Legal View source PDF Explain this filing

TATASTEEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹208.64

prior close

₹209.60

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.3%+0.0% vs market

Iron & Steel peers, median of 10sector+0.3%-0.0% vs sector

On the reaction day the stock moved in line with Nifty 100 and in line with its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

+0.0

15m

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30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.3+0.0+0.3-0.0

Next day

+0.8+1.6-0.9-0.1+0.9

+0.9+1.3-0.4+1.0-0.1

+2.8+1.5+1.3+2.2+0.6

+0.7+0.0+0.7+0.1+0.7

+0.8-0.8+1.7+0.5+0.3

+1.4-0.8+2.2+0.8+0.6

15d

-5.3+1.3-6.6-3.1-2.2

-4.7+2.5-7.2-3.6-1.1

-10.9+1.9-12.8-8.3-2.5

-10.7+3.1-13.9-7.0-3.7

UpDownMarket · Nifty 100Sector · Iron & Steel peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Tata Steel received a CGST demand cum show cause notice for ₹890.52 crore in allegedly irregular Input Tax Credit availed during FY2018-19 to FY2020-21. The Adjudicating Authority confirmed the demand along with an equivalent penalty of ₹890.52 crore plus interest on 26 December 2025. The Company disputes the demand, arguing the credit difference was due to permissible year-end adjustments and that the notice suffered from jurisdictional and limitation defects. After the Jharkhand High Court disposed of the Company's Writ Petition (23 April 2026) granting liberty to approach the Appellate Authority, Tata Steel escalated the matter by filing a Special Leave Petition before the Hon'ble Supreme Court of India. On 19 May 2026, the Supreme Court issued notice to the respondents and granted a stay on all further proceedings until the next hearing.

Likely market impact

The stay from the Supreme Court temporarily halts recovery proceedings, reducing immediate financial risk. However, the ₹890.52 crore tax demand plus equal penalty remains pending, and a final adverse ruling could significantly impact the Company's financials.