Postal Ballot Results: RPT Approvals with Tata Steel Entities Passed

Board & Shareholder Meetings View source PDF

TRF · price

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AI summary

TRF Limited shareholders approved two material related party transactions via postal ballot. Resolution 1 approves transactions with Tata Steel Limited (promoter) up to ₹314 crore for FY2026-27 for purchase/sale of goods and services. Resolution 2 approves transactions with Tata Steel Utilities and Infrastructure Services Limited up to ₹15.61 crore. Both passed with ~99% votes in favor (3,51,328 and 3,51,330 votes respectively). Promoter group abstained as an interested party. Total 3,54,800 votes polled (3.22% of outstanding shares). E-voting ran May 15 – June 13, 2026.

Likely market impact

Clears way for TRF to continue up to ~₹329.61 crore of operational transactions with Tata Steel group for FY2026-27, ensuring business continuity.