Tata Steel Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

TRF Limited's promoter, Tata Steel Limited, has submitted a disclosure to the stock exchanges under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This provision requires promoters to disclose details of encumbrance (such as pledge or lock-in) on their shareholding in the company. The public headline does not specify whether the disclosure relates to creation of a new pledge, release of an existing pledge, or any other change in encumbrance status. TRF Limited is a Tata group company engaged in engineered products and material handling equipment. The detailed nature of the disclosure would typically be available in the accompanying annexure filed with the exchange.