Company Announcements

Ref No. SEC/1737/2025-26                                                                                       January 30, 2026

London Stock Exchange

London

Dear Madam, Sirs,

Sub: Acquisition of equity stake in Thriveni Pellets Private Limited

This is further to our disclosure dated December 10, 2025, on the abovementioned subject.

This is to inform you that, pursuant to the approval of the Competition Commission of India received on January 20, 2026, Tata Steel Limited ('Company') has today, i.e. on January 30, 2026, completed the acquisition of 90,06,801 equity shares of face value ₹10/- each comprising 50.01%, for a consideration of ₹635.13 crore in Thriveni Pellets Private Limited ('TPPL') from Thriveni Earthmovers Private Limited. The balance 49.99% stake will continue to be held by Llyods Metals & Energy Limited. TPPL holds 100% equity stake in Brahmani River Pellets Private Limited ('BRPL'). Post this acquisition, the Company, directly holds 50.01% in TPPL and indirectly holds 50.01% in BRPL. TPPL and BRPL have become subsidiaries of the Company.

This disclosure is being made by the Company in compliance with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

This is for your information and records.