Notice of Postal Ballot

Board & Shareholder Meetings View source PDF

TRF · price

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

Price reaction · full curve 14 horizons · vs prior close

-7.3%1-day move

₹246.00

prior close

₹242.25

base price

After-mkt

timing

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+1.5+1.9+2.0+1.8-7.3-4.6-4.9-5.7-4.8-4.2-11.0-4.1+3.7—

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AI summary

TRF Limited is seeking shareholder approval via postal ballot for two material related party transactions. The first is with Tata Steel Limited (promoter company) for up to ₹314 crore for FY2026-27, covering purchase/sale of goods and services. The second is with Tata Steel Utilities and Infrastructure Services Limited (Tata Steel subsidiary/promoter group) for ₹15.61 crore for receiving services. The voting period runs from May 15, 2026 to June 13, 2026. The Audit Committee has already approved these transactions on March 26, 2026, confirming they are at arm's length and in ordinary course of business. TRF states these transactions will improve facility utilization, strengthen financial position, and help de-risk business from order fluctuations.

Likely market impact

Shareholders should approve these resolutions as the transactions support TRF's business operations and financial stability through its relationship with Tata Steel. The large ₹314 crore transaction with the promoter represents significant business opportunity for TRF.