TRF Limited has informed the Exchange regarding Notice of Postal Ballot
TRF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
TRF Limited has issued a Postal Ballot Notice seeking shareholder approval for two material related party transactions. The first transaction is with Tata Steel Limited (promoter company) for operational transactions worth up to ₹314 crore for FY2026-27. The second is with Tata Steel Utilities and Infrastructure Services Limited (a wholly-owned subsidiary of Tata Steel) for services worth up to ₹15.61 crore. Both transactions require approval as they exceed the ₹12 crore materiality threshold under SEBI regulations. The company states these transactions will be at arm's length and in the ordinary course of business. Remote e-voting period runs from May 15, 2026 to June 13, 2026.
Shareholders should review these related party transactions as they represent significant business dealings with the promoter group totaling ₹329.61 crore. Approval is expected given Tata Steel's majority ownership, and the arrangement aims to improve TRF's utilization of facilities and financial position through project execution work for the promoter.