Tata Steel Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 02, 2025
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Tata Steel has notified the exchanges about its 118th Annual General Meeting (AGM) scheduled for Wednesday, July 2, 2025, at 3:00 p.m. IST, to be conducted via video conferencing. The record date for the FY25 dividend is June 6, 2025, with the cut-off date for e-voting set as June 25, 2025. Shareholders will consider adopting the FY25 audited financial statements (standalone and consolidated) and approving a dividend of ₹3.60 per equity share (face value ₹1, i.e., 360%), with payment commencing from July 4, 2025. Mr. Noel Naval Tata (DIN: 00024713) is up for re-appointment as a director (retiring by rotation). M/s Parikh & Associates has been proposed as Secretarial Auditor for a five-year term (till the 123rd AGM in 2030), and the remuneration of M/s Shome & Banerjee as Cost Auditors (₹35 lakh plus taxes for FY26) is up for ratification.
The ₹3.60 dividend is a meaningful payout for shareholders and reflects Tata Steel's continued ability to return cash despite a tough steel cycle. The agenda items are largely routine, with Noel Tata's re-appointment maintaining board continuity; the appointment of a new secretarial auditor for a five-year term is a standard governance step. No major strategic announcements or capital actions are in this notice, so the impact on the stock is likely neutral.