{"id":11526,"date":"2026-11-09T18:22:58","date_gmt":"2026-11-09T12:52:58","guid":{"rendered":"https:\/\/www.wittytrades.com\/market-news\/tatasteel-share-price-today-2026-11-09\/"},"modified":"2026-11-09T18:23:00","modified_gmt":"2026-11-09T12:53:00","slug":"tatasteel-share-price-today-2026-11-09","status":"publish","type":"post","link":"https:\/\/www.wittytrades.com\/market-news\/tatasteel-share-price-today-2026-11-09\/","title":{"rendered":"Tata Steel Share Price Today: Why TATASTEEL Is Falling 2.81% | 9 November 2026"},"content":{"rendered":"<style id=\"wt-article-style-v4\">:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) { color:#30475c; font-size:16px; line-height:1.65; min-width:0; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *::before, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) *::after { box-sizing:border-box; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-copy { font-size:16px !important; 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}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-button { display:inline-block; background:#10233f; color:#fff !important; padding:10px 17px; border-radius:7px; text-decoration:none !important; font-size:15px; font-weight:800; line-height:1.5; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-dark .wt-cta-button { background:#ffe36e; color:#10233f !important; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-faq h3 { color:#173b58 !important; font-size:17px !important; line-height:1.45; margin:18px 0 6px !important; }\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) > p:last-child { font-size:13px; line-height:1.55; color:#606b78; border-top:1px solid #e1e7ef; padding-top:13px; margin-top:16px; }\n@media (max-width:960px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip { grid-template-columns:repeat(3,minmax(0,1fr)); }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row { grid-template-columns:1.7fr 1fr 1.2fr 1.2fr; gap:10px; }\n}\n@media (max-width:650px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid { grid-template-columns:1fr; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-metrics { grid-template-columns:repeat(2,minmax(0,1fr)); }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-card { padding:14px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row { grid-template-columns:repeat(2,minmax(0,1fr)); gap:10px 14px; padding:12px 0; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-person, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-insider-row > div:last-child { grid-column:1 \/ -1; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta { padding:17px 15px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-cta-title { font-size:18px; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div { padding:9px !important; }\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-funds .wt-card-title, :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-grid-funds .wt-card-body { font-size:15px; }\n}\n@media (max-width:420px) {\n :is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip { grid-template-columns:repeat(2,minmax(0,1fr)); }\n}<\/p>\n<p>:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div {border:1px solid #dde6ee;border-radius:8px;background:#f9fbfd;}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) .wt-price-strip > div > div:last-child {font-weight:800;color:#17324d;}\n:is(.wt-article-v4,.single-post .entry-content .wt-article-v4) h2 {font-size:24px !important;line-height:1.35 !important;margin:28px 0 14px !important;color:#173b58;}\n<\/style>\n<div class=\"wt-article-v4\" data-witty-phase=\"live\" data-article-version=\"4\">\n<p class=\"wt-market-date\"><strong>NSE: TATASTEEL<\/strong> \u00b7 9 November 2026<\/p>\n<div class=\"wt-price-strip\">\n<div>\n<div>Price<\/div>\n<div>\u20b9184.85<\/div>\n<\/div>\n<div>\n<div>Change<\/div>\n<div>-2.81%<\/div>\n<\/div>\n<div>\n<div>High \/ Low<\/div>\n<div>\u20b9194.00 \/ \u20b9184.34<\/div>\n<\/div>\n<div>\n<div>Prev. Close<\/div>\n<div>\u20b9190.20<\/div>\n<\/div>\n<div>\n<div>Volume<\/div>\n<div>4.99 crore<\/div>\n<\/div>\n<div>\n<div>Price as of<\/div>\n<div>9 November 2026 \u00b7 03:30 PM IST<\/div>\n<\/div>\n<\/div>\n<div class=\"wt-takeaways\">\n<div class=\"wt-card\" data-card=\"research\" style=\"background:#f4f8fd;border:1px solid #cbd8ea;border-left:4px solid #466fa5;border-radius:10px\">\n<div class=\"wt-card-title\">Key Takeaways<\/div>\n<div class=\"wt-card-body\">\n<ul class=\"wt-list\">\n<li>Tata Steel Limited shares dropped 2.81% today, settling at \u20b9184.85 after moving between an intraday high of \u20b9194.00 and a low of \u20b9184.34.<\/li>\n<li>Tata Steel reported consolidated revenues of \u20b965,436 crores and a consolidated EBITDA of \u20b910,665 crores for the quarter ended September 30, 2026. India operations delivered strong performance with revenues of \u20b942,653 crores and an EBITDA of \u20b910,634 crores, achieving an EBITDA margin of 25% despite a seasonally softer quarter.<\/li>\n<li>Trading volume was 2.24 times the 20-day average daily volume.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<h2>Why is Tata Steel share price falling on 9 November 2026?<\/h2>\n<div class=\"wt-prose\">\n<p class=\"wt-copy\">Tata Steel Limited shares dropped 2.81% today, settling at \u20b9184.85 after moving between an intraday high of \u20b9194.00 and a low of \u20b9184.34.<\/p>\n<p class=\"wt-copy\">The broader market remained relatively muted, with the Nifty edging up by 0.06% while the Nifty Metal sector benchmark eased by 0.11%. The stock&#x27;s pullback came on the back of recent gains, having registered a 4.22% return over the preceding five trading days and a 6.36% gain over the last 20 trading days.<\/p>\n<p class=\"wt-copy\">Company disclosures from November 7, 2026, highlighted the financial results for the quarter ended September 30, 2026, where consolidated revenues came in at \u20b965,436 crores and EBITDA stood at \u20b910,665 crores. Additionally, filings noted the upcoming retirement of Mr. Noel Naval Tata as Non-Executive, Non-Independent Director and Vice Chairman effective November 11, 2026, though market participants weighed these updates alongside broader profit-taking following recent upward momentum.<\/p>\n<p class=\"wt-copy\">4.99 crore shares traded by 9 November 2026 \u00b7 03:30 PM IST. This compares with a 20-day average daily volume of 2.23 crore shares (2.24 times). The five-day average daily volume was 2.63 crore shares. Separately, the NSE report for 9 November 2026 showed 1.82 crore shares delivered, representing 36.49% of that day\u2019s traded volume. The same report recorded 283,469 trades.<\/p>\n<\/div>\n<div class=\"wt-likely-reason\">\n<div class=\"wt-card\" data-card=\"research\" style=\"background:#f4f8fd;border:1px solid #cbd8ea;border-left:4px solid #466fa5;border-radius:10px\">\n<div class=\"wt-card-title\">Likely Reason<\/div>\n<div class=\"wt-card-body\"><strong>profit-taking after recent strength amidst high volume<\/strong><\/p>\n<p class=\"wt-copy\">The stock retreated by 2.81% following a multi-day advance that generated a 4.22% return over five sessions and a 6.36% return over twenty sessions. Trading volume surged to 2.24 times the 20-day average, pointing to active distribution and profit-taking following recent quarterly earnings announcements.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"wt-cta wt-cta-yellow\">\n<div class=\"wt-cta-title\">Research the Market \u2014 Not Just the Headline<\/div>\n<p class=\"wt-cta-copy\">Explore WittyTrades research across market segments.<\/p>\n<p><a class=\"wt-cta-button\" href=\"https:\/\/www.wittytrades.com\/Segments.html\">Explore WittyTrades Research \u2192<\/a><\/aside>\n<h2>Latest Company Developments<\/h2>\n<div class=\"wt-grid wt-grid-news\">\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">September 2026 Quarterly Financial Performance<\/div>\n<div class=\"wt-card-date\">7 November 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Tata Steel reported consolidated revenues of \u20b965,436 crores and a consolidated EBITDA of \u20b910,665 crores for the quarter ended September 30, 2026. India operations delivered strong performance with revenues of \u20b942,653 crores and an EBITDA of \u20b910,634 crores, achieving an EBITDA margin of 25% despite a seasonally softer quarter.<\/p>\n<p class=\"wt-copy\">Financial results provide core visibility into operational profitability, cost efficiencies, and segment-wise delivery growth across domestic and international markets.<\/p>\n<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Retirement of Vice Chairman Noel Naval Tata<\/div>\n<div class=\"wt-card-date\">7 November 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">In accordance with Tata Group Governance Guidelines, Mr. Noel Naval Tata will retire as the Non-Executive, Non-Independent Director and Vice Chairman of the Board at the close of business hours on November 11, 2026. The board recorded its appreciation for his strategic guidance during his tenure.<\/p>\n<p class=\"wt-copy\">Board-level transitions mark structural changes in governance oversight for the conglomerate.<\/p>\n<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Subsidiary Equity Stake Increase via OCRPS Conversion<\/div>\n<div class=\"wt-card-date\">7 November 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Tata Steel completed the acquisition of 38,222 equity shares in Creative Port Development Private Limited through the conversion of 25,10,830 Optionally Convertible Redeemable Preference Shares. This transaction increased the company&#x27;s equity stake in the subsidiary from 51% to 57.5%.<\/p>\n<p class=\"wt-copy\">Consolidating higher equity ownership in subsidiary port projects strengthens control over critical logistics infrastructure.<\/p>\n<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Acquisition<\/div>\n<div class=\"wt-card-date\">7 November 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">acquisition of 38,222 equity shares of face value \u20b910\/- each in Creative Port Development Private Limited ( CPDPL ) due to conversion of 25,10,830 Optionally Convertible Redeemable Preference Shares of CPDPL, as per terms of issue<\/p>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/NIDHIFADNAVIS_07112026154336_NSEBSE_CPDPL.pdf\" rel=\"noopener\">Original source \u2192<\/a><\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"news\" style=\"background:#fff;border:1px solid #dce5eb;border-left:4px solid #2e7db2;border-radius:10px\">\n<div class=\"wt-card-title\">Outcome of Board Meeting<\/div>\n<div class=\"wt-card-date\">7 November 2026<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">retirement of Mr. Noel Naval Tata as the Non-Executive, Non-Independent Director and Vice Chairman of the Board<\/p>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/NIDHIFADNAVIS_07112026134722_Outcome_of_BM.pdf\" rel=\"noopener\">Original source \u2192<\/a><\/div>\n<\/div>\n<\/div>\n<h2>Ownership &amp; Transaction Activity<\/h2>\n<div class=\"wt-grid wt-grid-ownership\">\n<div class=\"wt-card\" data-card=\"ownership\" style=\"background:#fff8e8;border:1px solid #ecd39e;border-left:4px solid #cc922c;border-radius:10px\">\n<div class=\"wt-card-title\">Shareholding<\/div>\n<div class=\"wt-card-date\">As of 30 September 2026<\/div>\n<div class=\"wt-card-body\">\n<div class=\"wt-grid wt-grid-metrics\">\n<div class=\"wt-metric\">\n<div class=\"wt-label\">Promoter holding<\/div>\n<div class=\"wt-value\">32.94%<\/div>\n<div class=\"wt-note\">32.94% on 30 June 2026<\/div>\n<\/div>\n<div class=\"wt-metric\">\n<div class=\"wt-label\">FII\/FPI<\/div>\n<div class=\"wt-value\">18.19%<\/div>\n<div class=\"wt-note\">19.37% on 30 June 2026<\/div>\n<\/div>\n<div class=\"wt-metric\">\n<div class=\"wt-label\">Institutional holding<\/div>\n<div class=\"wt-value\">45.71%<\/div>\n<div class=\"wt-note\">45.99% on 30 June 2026<\/div>\n<\/div>\n<\/div>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1741178_19102026114757_WEB.xml\" rel=\"noopener\">NSE shareholding filing \u2192<\/a><\/div>\n<\/div>\n<\/div>\n<h2>Mutual Fund Holdings<\/h2>\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">Mutual-fund ownership<\/div>\n<div class=\"wt-card-body\">\n<p class=\"wt-copy\">Mutual funds held 16.12% on 30 September 2026. This compares with 14.71% on 30 June 2026, a change of +1.41 percentage points.<\/p>\n<p class=\"wt-copy\">The filing reported 73 MF\/UTI holders.<\/p>\n<div class=\"wt-grid wt-grid-funds\">\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">Sbi Nifty 50 Etf<\/div>\n<div class=\"wt-card-date\">30 September 2026<\/div>\n<div class=\"wt-card-body\">48.39 crore shares \u00b7 3.88%<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">Icici Prudential Large Cap Fund<\/div>\n<div class=\"wt-card-date\">30 September 2026<\/div>\n<div class=\"wt-card-body\">41.87 crore shares \u00b7 3.35%<\/div>\n<\/div>\n<div class=\"wt-card\" data-card=\"funds\" style=\"background:#f7f9fc;border:1px solid #d5e0ea;border-left:4px solid #6a849c;border-radius:10px\">\n<div class=\"wt-card-title\">Hdfc Trustee Company Limited-Hdfc Flexi Cap Fund<\/div>\n<div class=\"wt-card-date\">30 September 2026<\/div>\n<div class=\"wt-card-body\">24.57 crore shares \u00b7 1.97%<\/div>\n<\/div>\n<\/div>\n<div class=\"wt-note wt-source-note\">These are quarterly holdings, rather than purchases or sales on the article date.<\/div>\n<p><a class=\"wt-source\" href=\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1741178_19102026114757_WEB.xml\" rel=\"noopener\">NSE shareholding filing \u2192<\/a><\/div>\n<\/div>\n<h2>What to Watch Next<\/h2>\n<ul class=\"wt-list\">\n<li>Execution progress on the 4.8 MTPA capacity expansion at Neelachal Ispat Nigam Limited<\/li>\n<li>Operational performance and cost profile improvements at the Netherlands and UK steel plants<\/li>\n<li>Cash volume and delivery percentage trends relative to the 20-day average volume benchmark<\/li>\n<li>Developments regarding the statutory auditor review and ongoing subsidiary restructuring<\/li>\n<\/ul>\n<h2>Other Dated Coverage<\/h2>\n<ul class=\"wt-list\">\n<li><a href=\"https:\/\/www.wittytrades.com\/market-news\/tatasteel-share-price-today-2026-10-23\/\">Tata Steel Share Price Today: Why TATASTEEL Is Falling 2.70% | 23 October 2026 \u2014 23 October 2026<\/a><\/li>\n<li><a href=\"https:\/\/www.wittytrades.com\/market-news\/tatasteel-share-price-today-2026-10-16\/\">Tata Steel in Focus After Receiving NCLT Order for Subsidiary Merger | 16 October 2026 \u2014 16 October 2026<\/a><\/li>\n<li><a href=\"https:\/\/www.wittytrades.com\/market-news\/tatasteel-share-price-today-2026-10-01\/\">Why Tata Steel Shares Fell 3.42% Today Amid Heavy Volume Sell-Off | 1 October 2026 \u2014 1 October 2026<\/a><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.wittytrades.com\/market-news\/tag\/tatasteel\/\">More Tata Steel news and dated analysis \u2192<\/a><\/p>\n<aside class=\"wt-cta wt-cta-dark\">\n<div class=\"wt-cta-title\">Looking for Research-Backed Market Opportunities?<\/div>\n<p class=\"wt-cta-copy\">Explore WittyTrades research across market segments.<\/p>\n<p><a class=\"wt-cta-button\" href=\"https:\/\/www.wittytrades.com\/Segments.html\">Explore WittyTrades Research \u2192<\/a><\/aside>\n<h2>Frequently Asked Questions<\/h2>\n<div class=\"wt-faq\">\n<h3>What is the latest Tata Steel company news?<\/h3>\n<p class=\"wt-copy\">Tata Steel reported consolidated revenues of \u20b965,436 crores and a consolidated EBITDA of \u20b910,665 crores for the quarter ended September 30, 2026. India operations delivered strong performance with revenues of \u20b942,653 crores and an EBITDA of \u20b910,634 crores, achieving an EBITDA margin of 25% despite a seasonally softer quarter.<\/p>\n<h3>How strong was Tata Steel\u2019s trading volume?<\/h3>\n<p class=\"wt-copy\">4.99 crore shares traded, 2.24 times the 20-day average daily volume. The price and volume data are dated 9 November 2026 \u00b7 03:30 PM IST.<\/p>\n<h3>Do the mutual-fund figures show buying today?<\/h3>\n<p class=\"wt-copy\">They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.<\/p>\n<\/div>\n<p><strong>Research &amp; analysis:<\/strong> <a href=\"https:\/\/www.wittytrades.com\/About_Us.html\">WittyTrades Research Desk<\/a><br \/><strong>Reviewed by:<\/strong> <a href=\"https:\/\/www.wittytrades.com\/About_Us.html\">Mohanish Sanghavi \u2014 SEBI Registered Research Analyst<\/a><\/p>\n<p>Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.<\/p>\n<\/div>\n<p><script type=\"application\/ld+json\">{\"@context\": \"https:\/\/schema.org\", \"@graph\": [{\"@type\": \"WebSite\", \"@id\": \"https:\/\/www.wittytrades.com\/#website\", \"url\": \"https:\/\/www.wittytrades.com\/\", \"name\": \"WittyTrades\", \"publisher\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}, \"inLanguage\": \"en-IN\"}, {\"@type\": \"Organization\", \"@id\": \"https:\/\/www.wittytrades.com\/#organization\", \"name\": \"WittyTrades\", \"alternateName\": \"Witty Networks\", \"url\": \"https:\/\/www.wittytrades.com\/\", \"telephone\": \"+91-22-48972020\", \"identifier\": [{\"@type\": \"PropertyValue\", \"propertyID\": \"SEBI Research Analyst Registration\", \"value\": \"INH000008172\"}, {\"@type\": \"PropertyValue\", \"propertyID\": \"BSE Research Analyst Code\", \"value\": \"5430\"}]}, {\"@type\": \"Organization\", \"@id\": \"https:\/\/www.wittytrades.com\/#research-desk\", \"name\": \"WittyTrades Research Desk\", \"url\": \"https:\/\/www.wittytrades.com\/About_Us.html\", \"parentOrganization\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}}, {\"@type\": \"Person\", \"@id\": \"https:\/\/www.wittytrades.com\/About_Us.html#mohanish-sanghavi\", \"name\": \"Mohanish Sanghavi\", \"jobTitle\": \"SEBI Registered Research Analyst\", \"url\": \"https:\/\/www.wittytrades.com\/About_Us.html\", \"worksFor\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}, \"identifier\": {\"@type\": \"PropertyValue\", \"propertyID\": \"SEBI Research Analyst Registration\", \"value\": \"INH000008172\"}}, {\"@type\": \"NewsArticle\", \"@id\": \"https:\/\/www.wittytrades.com\/market-news\/tatasteel-share-price-today-2026-11-09\/#article\", \"mainEntityOfPage\": {\"@type\": \"WebPage\", \"@id\": \"https:\/\/www.wittytrades.com\/market-news\/tatasteel-share-price-today-2026-11-09\/\"}, \"headline\": \"Tata Steel Share Price Today: Why TATASTEEL Is Falling 2.81% | 9 November 2026\", \"description\": \"Tata Steel share price fell 2.81% to \u20b9184.85 today. See why TATASTEEL is falling, volume context, company developments and what to watch next.\", \"datePublished\": \"2026-11-09T18:22:48.499905+05:30\", \"dateModified\": \"2026-11-09T18:22:48.499905+05:30\", \"author\": {\"@id\": \"https:\/\/www.wittytrades.com\/#research-desk\"}, \"reviewedBy\": {\"@id\": \"https:\/\/www.wittytrades.com\/About_Us.html#mohanish-sanghavi\"}, \"publisher\": {\"@id\": \"https:\/\/www.wittytrades.com\/#organization\"}, \"isPartOf\": {\"@id\": \"https:\/\/www.wittytrades.com\/#website\"}, \"about\": {\"@type\": \"Thing\", \"name\": \"Tata Steel\", \"identifier\": {\"@type\": \"PropertyValue\", \"propertyID\": \"NSE Symbol\", \"value\": \"TATASTEEL\"}}, \"inLanguage\": \"en-IN\", \"isAccessibleForFree\": true, \"image\": [\"https:\/\/www.wittytrades.com\/market-news\/wp-content\/uploads\/2026\/11\/tatasteel-company-news-2026-11-09.jpg\"]}]}<\/script><!-- wt-article-record:{\"news_events\":[{\"title\":\"Acquisition\",\"summary\":\"acquisition of 38,222 equity shares of face value &#8377;10\/- each in Creative Port Development Private Limited ( CPDPL ) due to conversion of 25,10,830 Optionally Convertible Redeemable Preference Shares of CPDPL, as per terms of issue\",\"source\":\"NSE\",\"published\":\"07-Nov-2026 15:45:33\",\"source_type\":\"official filing\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/NIDHIFADNAVIS_07112026154336_NSEBSE_CPDPL.pdf\",\"disclosure_text\":\"Ref: SEC\/1408\/2026-27 November 7, 2026 The Secretary, Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Maharashtra, India. Scrip Code: 500470 The Manager, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C\/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051. Maharashtra, India. Symbol: TATASTEEL Dear Sir, Madam, Sub: Acquisition of 38,222 equity shares of face value \u20b910\/ - each in Creative Port Development Private Limited (\u2018CPDPL\u2019) due to conversion of 25,10,830 Optionally Convertible Redeemable Preference Shares of CPDPL, as per terms of issue This is in reference to the above-mentioned subject. On November 7, 2026, Tata Steel Limited (\u2018Company\u2019) completed the acquisition of 38,222 equity shares of face value \u20b910\/- each in Creative Port Development Private Limited (\u2018CPDPL\u2019), a subsidiary of the Company, due to conversion of 25,10,830 Optionally Convertible Redeemable Preference Shares (\u2018OCRPS\u2019) held by the Company in CPDPL in the ratio of 1 equity share of \u20b910\/- each for every 65.69 number of OCRPS of \u20b9100\/- each, as per the terms of the issue. Post this conversion, the Company\u2019s equity stake in CPDPL has increased by 6.5% from 51% to 57.5% and CPDPL continues to remain a subsidiary of the Company. For further details on the acquisition, please refer Annexure 1 as enclosed. 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. Thanking you. Yours faithfully, Tata Steel Limited Parvatheesam Kanchinadham Company Secretary and Chief Legal Officer Encl: Annexure Annexure 1 SN Particulars Details 1. Name of the target entity, details in brief such as size, turnover etc. Target entity : Creative Development Port Private Limited (\u2018CPDPL\u2019) is a subsidiary of Tata Steel Limited (\u2018Company\u2019). It was incorporated under the Companies Act,1956 and is an existing company under the Companies Act, 2013. CPDPL is engaged in development of a Port Pr oject through its subsidiary company, Subarnarekha Port Private Limited. Turnover for last 3 financial years is as below: Financial Year Amount (\u20b9 crore) 2023-24 0 2024-25 0 2025-26 0 Other Income for last 3 financial years is as below: Financial Year Amount (\u20b9 crore) 2023-24 4.40 2024-25 3.67 2025-26 3.69 Further, the PAT for FY20 25-26 was \u20b90.31 crore and Net worth for FY2025-26 was \u20b9222.01 crore. 2. Whether the acquisition would fall within related party transaction(s) and whether the promoter\/promoter group\/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at \u201carm\u2019s length\u201d CPDPL is a subsidiary company of Tata Steel Limited and hence, a related party of the Company. As on date of this disclosure i.e. November 7, 2026 and after taking into consideration the conversion of OCRPS into equity shares in favour of the Company, Tata Steel Limited continues to hold 1,65,722 equity shares of face value \u20b910\/ - each representing 57.5% equity shareholding in CPDPL and 1,97,00,000 OCRPS of face value \u20b9100\/ - each representing 100% preference shareholding in CPDPL. The acquisition is in compliance with applicable laws. 3. Industry to which the entity being acquired belongs Transportation and Storage (Port) 4. Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) The acquisition of aforementioned 38,222 equity shares is due to conversion of 25,10,830 OCRPS of CPDPL held by the Company, at conversion ratio of 1:65.69 and as per the terms of the issue. The fractional entitlement has been settled through cash payment. SN Particulars Details Post the acquisition, the equity stake of Tata Steel Limited in CPDPL increased by 6.5% from 51% to 57.5%. CPDPL continues to be a subsidiary of the Company. 5. Brief details of any governmental or regulatory approvals required for the acquisition None 6. Indicative time period for completion of the acquisition Tata Steel Limited has on November 7, 2026 acquired 38,222 equity shares of face value \u20b910\/- each pursuant to conversion of 25,10,830 OCRPS of face value \u20b9100\/- each in the ratio of 1 equity share of \u20b910\/- each for every 65.69 number of OCRPS of \u20b9100\/- each, as per the terms of the issue. 7. Consideration - whether cash consideration or share swap or any other form and details of the same As per the terms of the OCRPS issue and considering the conversion ratio as 1 equity share of \u20b910\/- each for every 65.69 number of OCRPS of \u20b9100\/- each, the Company became entitled to 38,222.41 equity shares of CPDPL. Accordingly, CPDPL allotted 38,222 equity shares to the Company and provided cash settlement of \u20b96,876.11 towards the fractional entitlement of 0.41 shares based on the terms of issue. 8. Cost of acquisition or the price at which the shares are acquired Same as mentioned in point no. 6 above. 9. Percentage of shareholding \/ control acquired and \/ or number of shares acquired Enclosed as Annexure 2. 10. Brief background about the entity acquired in terms of products\/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief); Please refer point no. 1. Annexure 2 Name of shareholder Pre-acquisition Post-acquisition No. of shares % No. of shares % Tata Steel Limited Equity Shares of face value \u20b910\/- each 1,27,500 51 1,65,722 57.5 OCRPS of face value \u20b9100\/- each 2,22,10,830 100 1,97,00,000 100\"},{\"title\":\"Outcome of Board Meeting\",\"summary\":\"retirement of Mr. Noel Naval Tata as the Non-Executive, Non-Independent Director and Vice Chairman of the Board\",\"source\":\"NSE\",\"published\":\"07-Nov-2026 13:48:10\",\"source_type\":\"official filing\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/NIDHIFADNAVIS_07112026134722_Outcome_of_BM.pdf\",\"disclosure_text\":\"Ref: SEC\/1403\/2026-27 November 7, 2026 The Secretary, Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Maharashtra, India. Scrip Code: 500470 The Manager, Listing Department National Stock Exchange of India Limited Exchange Pladza, 5th Floor, Plot No. C\/1, G Block, Bandra-Kurla Complex, Bandra, Mumbai - 400 051. Maharashtra, India. Symbol: TATASTEEL Dear Madam, Sirs, Sub: Outcome of Board meeting of Tata Steel Limited This has reference to our intimation of meeting of the Board of Directors of Tata Steel Limited (\u2018Company\u2019) dated October 24, 2026. The Board of Directors (\u2018Board\u2019) of the Company at its meeting held today, i.e. November 7, 2026, inter alia, transacted the following business: 1. Financial Results for quarter and half year ended September 30, 2026 Considered and approved the Audited Standalone and Unaudited Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. The financial information as required to be provided in terms of Regulations 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (\u2018SEBI Listing Regulations\u2019) forms part of the Financial Results. A copy of the said Financial Results together with the Statutory Auditors\u2019 Report (with modified opinion) for the quarter and half year ended September 30, 2026, is enclosed herewith as Annexure A. Response to the Statutory Auditor\u2019s opinion is provided in point no. 4 of the Notes to the Financial Results forming part of the SEBI Release enclosed in Annexure A. 2. Retirement of Mr. Noel Naval Tata as the Non-Executive, Non-Independent Director and Vice Chairman of the Board In accordance with the Tata Group Governance Guidelines, Mr. Noel Naval Tata (DIN: 00024713) will retire as the Non-Executive, Non -Independent Director and Vice Chairman of the Board, effective close of business hours on November 11, 2026. Mr. Tata has been associated with the Company since March 2022 and during his tenure, he has provided valuable guidance and strategic direction to the Company. The Board places on record its deep appreciation for his invaluable contributions to the Company. The details required in terms of the Master Circular No. HO\/49\/14\/14(7)2025-CFD- POD2\/I\/3762\/2026 dated January 30, 2026, issued and notified by the Securities and Exchange Board of India are given in Annexure B. The Board meeting commenced at 9:00 a.m. (IST) and concluded at 12:00 noon (IST). These are also being made available on the website of the Company at www.tatasteel.com These disclosures are being made pursuant to Regulation 30, 33, 51, 52 read with Schedule III and other applicable provisions of the SEBI Listing Regulations, as amended, along with applicable SEBI Circulars notified in this regard. This is for your information and records. Yours faithfully, Tata Steel Limited Parvatheesam Kanchinadham Company Secretary and Chief Legal Officer Encl.: As above. Price Waterhouse & Co Chartered Accountants LLP INDEPENDENT AUDITOR'S REPORT To The Board of Directors Tata Steel Limited, Bombay House, 24, Homi Mody Street, Fort, Mumbai-400001 Report on the Audit of th e Standalone Financial Results Q ualified O pinion t. We have audited the accompanying standalone quarterly financial results of Tata Steel Limited (hereinafter referred to as \\\"the Company\\\") for the quarter ended September 3o, 2o26 and the year to date results for the period from April 1, 2o26 to September 30, 2026, attached herewith, the Statement of Assets and Liabilities as on that date and the Statement of Cash Flows for the half-year ended on that date (the \\\"Standalone Financial Results\\\") which are included in the accompanying 'Standalone Statement of Profit and Loss for the quarter\/six months ended on 3oth September 2o26, Standalone Balance Sheet as at 3oth September 2o26 and Standalone Statement of Cash Flows for the six months ended on 3oth September 2o26' (the Statement), being submitted by the Company pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \\\"Listing Regulations, 2015) 2 . In our opinion and to the best of our information and according to the explanations given to us, except for the effects of the matter described in the \\\"Basis for Qualified Opinion\\\" section of our report, the Standalone Financial Results: (i) are presented in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, 2o15 in this regard; and (ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2o13 and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the quarter ended September 30, 2026 as well as the year to date results for the period from April 1, 2026 to September 3o, 2026, and also the Statement of Assets and Liabilities as at September 3o, 2o26 and the Statement of Cash Flows for the half-year ended on that date Basis for Qualified Opinion 3. We draw attention to Note 4 to the Statement explaining the current significant uncertainties in respect of Tata Steel Nederland B.V. ('TSN'), a step-down subsidiary of the Company, leading to non-recognition of further reduction in fair value. Management has not recognised probable material\/substantive reduction in fair value, in excess of the amounts already recognised in Other Comprehensive Income for the quarter ended September 3o, 2026, and the year to date results for the period from April 1 to September 30, 2026, with respect to its investment, having a carrying value of Rs. 59,078.13 crore as of September 30, 2026, in T Steel Holdings Pte. Ltd. (the holding company of TSN). 4. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143010) of the Companies Act, 2o13 (the Act). Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Standalone Financial Results' section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the - =- Price Waterhouse & Co Chartered Accountants LLP, 252, Veer Savarkar Marg, Shiv \\\" \ufffd1dat, weng M um bai -400 028 vA A c-@ 'g ss > ] % T: +91 (22) 66691500,F: +91 (22) 66547804\/07 [5( cnatore#ccountants ) \\\"\u2022t.,ed Offle tartll H Nd cl!<: t Plot N e 58 & 51,B ioe \ufffd ON Stc: 1c, -V ,Salt la i< t,lt<a U 11 \u2022100 0i l \ufffd ,) \ufffd If '( ' ! l E'\\\\: , i\\\\J,.i-!I ',...,_$' Pr,ce Wattrl'I OU H a. Co (a Panntrlllop F\\\"'ml cor, .,..tt<l in!c Pncti 'lla1tr'l OU H & Co Cl,a,l ....i Ac c-U,nta LlP (a t#J-ii \ufffd \ufffd 1_p 1,1y\\\"\\\" LL.PIN AAC-4362 wth e ttc t trom July 7, 2014. Post its conversion to Price Waterhouse A Co Chartered Accountants u\/ts.reg nation nurber is 304028E\/300009 @CAI registration rurnbr before conversion was 304026\u00a3) = Price W aterhouse & Co Chartered Accountants LLP Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. Emphasis of M atter 5. Wedraw attention to Note 3 to the Statement in respect of the Scheme of Amalgamation (the \\\"Scheme\\\") between the Company and its subsidiary, Rujuvalika Investments Limited, which has been approved by the National Company Law Tribunal, Mumbai Bench (the \\\"NCLT\\\" ) ide its Order dated October 1, 2026 with an 'appointed date' of April 1, 2023. Pursuant to the NCLT approval, the Company has given effect to the Scheme in accordance with Appendix C 'Business combinations under common control' to Ind AS 103 \\\"Business Combinations\\\", from the beginning of the preceding period. Accordingly, comparative figures for the quarter and six months ended September 3o, 2o25; year ended March 31, 2026; and quarter ended June 3o, 2o26, have been restated to give effect to the aforesaid amalgamation as prescribed in the approved Scheme. Our opinion is not modified in respect of this matter. M anagement's Responsibilities for the Standalone Financial Results 6. These quarterly Standalone Financial Results as well as the year to date Standalone Financial Results have been prepared on the basis of the interim financial statements. The Company's Board of Directors are responsible for the preparation of these Standalone Financial Results that give a true and fair view of the net profit and other comprehensive income and other financial information, the Statement of Assets and Liabilities and the Statement of Cash Flows in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (Ind AS) 34, 'Interim Financial Reporting' prescribed under Section 133 of the Aet read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, 2o15. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error. 7. In preparing the Standalone Financial Results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. 8. The Board of Directors are also responsible for overseeing the Company's financial reporting process. Auditor's Responsibilities for the Audit of the Standalone Financial Results 9. Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone Financial Results. Price W aterhouse & C o C hartered A ccountants LLP to. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. \u2022 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control \u2022 Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. \u2022 Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. \u2022 Evaluate the overall presentation, structure and content of the Standalone Financial Results, ineluding the disclosures, and whether the Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. 1 . We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 12. We also provide those charged with governance with an annual statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. For Price Waterhouse & Co Chartered Accountants LLP Firm Registration Number:304026E\/E-300009 Subramanian Vivek Partner Membership Number:100332 UDIN:26100332BCGAMN1789 Mumbai November 7, 2026 Price Waterhouse & Co Chartered Accountants LLP Review Report To The Board of Directors Tata Steel Limit ed Bombay House , 24, Homi Mody Street, Fort, Mumbai - 400001 1. We have reviewed the consolidated unaudit ed financial results of Tata Steel Limited (the \\\"Holding Company\\\"), its subsidiari es and interest in joint operations (the Holding Company , its subsidiaries and interest in joint operations hereinafte r referred to as the \\\"Group\\\") , and its share of the net profit\/(loss) after tax and total compre hensive income of its joint ventures and associate compani es (refer paragraph 4 below) for the quarter ended September 30, 2026 and the year to date results for the period April 1, 2026 to September 30, 2026 which are includ ed in the accom panying 'Consolidat ed Stateme nt of Profit and Loss for the quarter\/six months ended on 3oth September 2026, Consolidat ed Balance Sheet as at 3oth September 2026 and Consolidate d Statement of Cash Flows for the six months ended on 30th September 2026 ' (the \\\"State ment\\\"). The Statement is being submi tted by the Holding Company pursu ant to the requirement of Regulation 33 and Regulati on 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amend ed (the \\\"Listing Regulations, 2015 \\\"), which has been initialled by us for iden tificati on purposes. 2. This Statement , which is the responsibili ty of the Holdin g Company 's Mana gement and has been approved by the Holding Company's Board of Directors , has been prepared in accordance with the reco gnition and measurement princ iples laid down in Indian Accountin g Standa rd 34 \\\"Interim Financ ial Reporting\\\", prescribed under Section 133 of the Companies Act, 20 13, and other acco untin g prin ciples gene rally accepted in India . Our responsibi lity is to express a con clusion on the Statement based on our review. 3. We conducted our review of the Statement in accordan ce with the Standard on Review Engage ments (SRE) 2410 \\\"Review of Interim Financial Informat ion Performed by the Independent Audit or of the Entity\\\", issued by the Institut e of Chartered Accountants of India . This Standard requires that we plan and perform the review to obtain moderate assu rance as to whether the Statement is free of material misstatement. A review of interim financi al information consists of making inquiri es, primaril y of persons responsible for financi al and accounting matters, and appl ying analytical and other review procedures. A review is substant ially less in scope than an audit conducted in accordance with Standard s on Auditing and consequentl y does not enabl e us to obtain assurance that we would become aware of all significant matters that might be ide nti fied in an audit. Accordingly, we do not express an audit opinion . We also performed procedures in accordance with the circular issu ed by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosur e Requirem ents) Regulations, 2015, as ame nded , to the extent applicab le. 4. The Statement includes the results of the entities listed in Annexure A. 5. Durin g the quarter ended Sept ember 3o, 2026, indicators of impairment to carrying value of property, plant and equipment ('PP&E ') of Rs. 33,272.58 cror es and relat ed goodwill of Rs. 5,420.01 cror es, pe rtainin g to the cash generating unit, Tata Steel Nederland B .V., a step-down sub sidia ry of the Holdin g Compan y, were identified by the managemen t. The indicators mainly relate to extension of the tailormade agreem ent process with the government of Netherlands and associat ed unce rtainti es, increase in cost of decarbonisati on plan\"},{\"title\":\"General Updates\",\"summary\":\"Outcome of Board meeting of Tata Steel Limited for the quarter and half year ended September 30, 2026\",\"source\":\"NSE\",\"published\":\"07-Nov-2026 13:43:17\",\"source_type\":\"official filing\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/NIDHIFADNAVIS_07112026134209_Outcome_of_BM.pdf\",\"disclosure_text\":\"Ref: SEC\/1403\/2026-27 November 7, 2026 The Secretary, Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Maharashtra, India. Scrip Code: 500470 The Manager, Listing Department National Stock Exchange of India Limited Exchange Pladza, 5th Floor, Plot No. C\/1, G Block, Bandra-Kurla Complex, Bandra, Mumbai - 400 051. Maharashtra, India. Symbol: TATASTEEL Dear Madam, Sirs, Sub: Outcome of Board meeting of Tata Steel Limited This has reference to our intimation of meeting of the Board of Directors of Tata Steel Limited (\u2018Company\u2019) dated October 24, 2026. The Board of Directors (\u2018Board\u2019) of the Company at its meeting held today, i.e. November 7, 2026, inter alia, transacted the following business: 1. Financial Results for quarter and half year ended September 30, 2026 Considered and approved the Audited Standalone and Unaudited Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. The financial information as required to be provided in terms of Regulations 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (\u2018SEBI Listing Regulations\u2019) forms part of the Financial Results. A copy of the said Financial Results together with the Statutory Auditors\u2019 Report (with modified opinion) for the quarter and half year ended September 30, 2026, is enclosed herewith as Annexure A. Response to the Statutory Auditor\u2019s opinion is provided in point no. 4 of the Notes to the Financial Results forming part of the SEBI Release enclosed in Annexure A. 2. Retirement of Mr. Noel Naval Tata as the Non-Executive, Non-Independent Director and Vice Chairman of the Board In accordance with the Tata Group Governance Guidelines, Mr. Noel Naval Tata (DIN: 00024713) will retire as the Non-Executive, Non -Independent Director and Vice Chairman of the Board, effective close of business hours on November 11, 2026. Mr. Tata has been associated with the Company since March 2022 and during his tenure, he has provided valuable guidance and strategic direction to the Company. The Board places on record its deep appreciation for his invaluable contributions to the Company. The details required in terms of the Master Circular No. HO\/49\/14\/14(7)2025-CFD- POD2\/I\/3762\/2026 dated January 30, 2026, issued and notified by the Securities and Exchange Board of India are given in Annexure B. The Board meeting commenced at 9:00 a.m. (IST) and concluded at 12:00 noon (IST). These are also being made available on the website of the Company at www.tatasteel.com These disclosures are being made pursuant to Regulation 30, 33, 51, 52 read with Schedule III and other applicable provisions of the SEBI Listing Regulations, as amended, along with applicable SEBI Circulars notified in this regard. This is for your information and records. Yours faithfully, Tata Steel Limited Parvatheesam Kanchinadham Company Secretary and Chief Legal Officer Encl.: As above. Price Waterhouse & Co Chartered Accountants LLP INDEPENDENT AUDITOR'S REPORT To The Board of Directors Tata Steel Limited, Bombay House, 24, Homi Mody Street, Fort, Mumbai-400001 Report on the Audit of th e Standalone Financial Results Q ualified O pinion t. We have audited the accompanying standalone quarterly financial results of Tata Steel Limited (hereinafter referred to as \\\"the Company\\\") for the quarter ended September 3o, 2o26 and the year to date results for the period from April 1, 2o26 to September 30, 2026, attached herewith, the Statement of Assets and Liabilities as on that date and the Statement of Cash Flows for the half-year ended on that date (the \\\"Standalone Financial Results\\\") which are included in the accompanying 'Standalone Statement of Profit and Loss for the quarter\/six months ended on 3oth September 2o26, Standalone Balance Sheet as at 3oth September 2o26 and Standalone Statement of Cash Flows for the six months ended on 3oth September 2o26' (the Statement), being submitted by the Company pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \\\"Listing Regulations, 2015) 2 . In our opinion and to the best of our information and according to the explanations given to us, except for the effects of the matter described in the \\\"Basis for Qualified Opinion\\\" section of our report, the Standalone Financial Results: (i) are presented in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, 2o15 in this regard; and (ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2o13 and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the quarter ended September 30, 2026 as well as the year to date results for the period from April 1, 2026 to September 3o, 2026, and also the Statement of Assets and Liabilities as at September 3o, 2o26 and the Statement of Cash Flows for the half-year ended on that date Basis for Qualified Opinion 3. We draw attention to Note 4 to the Statement explaining the current significant uncertainties in respect of Tata Steel Nederland B.V. ('TSN'), a step-down subsidiary of the Company, leading to non-recognition of further reduction in fair value. Management has not recognised probable material\/substantive reduction in fair value, in excess of the amounts already recognised in Other Comprehensive Income for the quarter ended September 3o, 2026, and the year to date results for the period from April 1 to September 30, 2026, with respect to its investment, having a carrying value of Rs. 59,078.13 crore as of September 30, 2026, in T Steel Holdings Pte. Ltd. (the holding company of TSN). 4. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143010) of the Companies Act, 2o13 (the Act). Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Standalone Financial Results' section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the - =- Price Waterhouse & Co Chartered Accountants LLP, 252, Veer Savarkar Marg, Shiv \\\" \ufffd1dat, weng M um bai -400 028 vA A c-@ 'g ss > ] % T: +91 (22) 66691500,F: +91 (22) 66547804\/07 [5( cnatore#ccountants ) \\\"\u2022t.,ed Offle tartll H Nd cl!<: t Plot N e 58 & 51,B ioe \ufffd ON Stc: 1c, -V ,Salt la i< t,lt<a U 11 \u2022100 0i l \ufffd ,) \ufffd If '( ' ! l E'\\\\: , i\\\\J,.i-!I ',...,_$' Pr,ce Wattrl'I OU H a. Co (a Panntrlllop F\\\"'ml cor, .,..tt<l in!c Pncti 'lla1tr'l OU H & Co Cl,a,l ....i Ac c-U,nta LlP (a t#J-ii \ufffd \ufffd 1_p 1,1y\\\"\\\" LL.PIN AAC-4362 wth e ttc t trom July 7, 2014. Post its conversion to Price Waterhouse A Co Chartered Accountants u\/ts.reg nation nurber is 304028E\/300009 @CAI registration rurnbr before conversion was 304026\u00a3) = Price W aterhouse & Co Chartered Accountants LLP Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. Emphasis of M atter 5. Wedraw attention to Note 3 to the Statement in respect of the Scheme of Amalgamation (the \\\"Scheme\\\") between the Company and its subsidiary, Rujuvalika Investments Limited, which has been approved by the National Company Law Tribunal, Mumbai Bench (the \\\"NCLT\\\" ) ide its Order dated October 1, 2026 with an 'appointed date' of April 1, 2023. Pursuant to the NCLT approval, the Company has given effect to the Scheme in accordance with Appendix C 'Business combinations under common control' to Ind AS 103 \\\"Business Combinations\\\", from the beginning of the preceding period. Accordingly, comparative figures for the quarter and six months ended September 3o, 2o25; year ended March 31, 2026; and quarter ended June 3o, 2o26, have been restated to give effect to the aforesaid amalgamation as prescribed in the approved Scheme. Our opinion is not modified in respect of this matter. M anagement's Responsibilities for the Standalone Financial Results 6. These quarterly Standalone Financial Results as well as the year to date Standalone Financial Results have been prepared on the basis of the interim financial statements. The Company's Board of Directors are responsible for the preparation of these Standalone Financial Results that give a true and fair view of the net profit and other comprehensive income and other financial information, the Statement of Assets and Liabilities and the Statement of Cash Flows in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (Ind AS) 34, 'Interim Financial Reporting' prescribed under Section 133 of the Aet read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, 2o15. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error. 7. In preparing the Standalone Financial Results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. 8. The Board of Directors are also responsible for overseeing the Company's financial reporting process. Auditor's Responsibilities for the Audit of the Standalone Financial Results 9. Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone Financial Results. Price W aterhouse & C o C hartered A ccountants LLP to. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. \u2022 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control \u2022 Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. \u2022 Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. \u2022 Evaluate the overall presentation, structure and content of the Standalone Financial Results, ineluding the disclosures, and whether the Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. 1 . We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 12. We also provide those charged with governance with an annual statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. For Price Waterhouse & Co Chartered Accountants LLP Firm Registration Number:304026E\/E-300009 Subramanian Vivek Partner Membership Number:100332 UDIN:26100332BCGAMN1789 Mumbai November 7, 2026 Price Waterhouse & Co Chartered Accountants LLP Review Report To The Board of Directors Tata Steel Limit ed Bombay House , 24, Homi Mody Street, Fort, Mumbai - 400001 1. We have reviewed the consolidated unaudit ed financial results of Tata Steel Limited (the \\\"Holding Company\\\"), its subsidiari es and interest in joint operations (the Holding Company , its subsidiaries and interest in joint operations hereinafte r referred to as the \\\"Group\\\") , and its share of the net profit\/(loss) after tax and total compre hensive income of its joint ventures and associate compani es (refer paragraph 4 below) for the quarter ended September 30, 2026 and the year to date results for the period April 1, 2026 to September 30, 2026 which are includ ed in the accom panying 'Consolidat ed Stateme nt of Profit and Loss for the quarter\/six months ended on 3oth September 2026, Consolidat ed Balance Sheet as at 3oth September 2026 and Consolidate d Statement of Cash Flows for the six months ended on 30th September 2026 ' (the \\\"State ment\\\"). The Statement is being submi tted by the Holding Company pursu ant to the requirement of Regulation 33 and Regulati on 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amend ed (the \\\"Listing Regulations, 2015 \\\"), which has been initialled by us for iden tificati on purposes. 2. This Statement , which is the responsibili ty of the Holdin g Company 's Mana gement and has been approved by the Holding Company's Board of Directors , has been prepared in accordance with the reco gnition and measurement princ iples laid down in Indian Accountin g Standa rd 34 \\\"Interim Financ ial Reporting\\\", prescribed under Section 133 of the Companies Act, 20 13, and other acco untin g prin ciples gene rally accepted in India . Our responsibi lity is to express a con clusion on the Statement based on our review. 3. We conducted our review of the Statement in accordan ce with the Standard on Review Engage ments (SRE) 2410 \\\"Review of Interim Financial Informat ion Performed by the Independent Audit or of the Entity\\\", issued by the Institut e of Chartered Accountants of India . This Standard requires that we plan and perform the review to obtain moderate assu rance as to whether the Statement is free of material misstatement. A review of interim financi al information consists of making inquiri es, primaril y of persons responsible for financi al and accounting matters, and appl ying analytical and other review procedures. A review is substant ially less in scope than an audit conducted in accordance with Standard s on Auditing and consequentl y does not enabl e us to obtain assurance that we would become aware of all significant matters that might be ide nti fied in an audit. Accordingly, we do not express an audit opinion . We also performed procedures in accordance with the circular issu ed by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosur e Requirem ents) Regulations, 2015, as ame nded , to the extent applicab le. 4. The Statement includes the results of the entities listed in Annexure A. 5. Durin g the quarter ended Sept ember 3o, 2026, indicators of impairment to carrying value of property, plant and equipment ('PP&E ') of Rs. 33,272.58 cror es and relat ed goodwill of Rs. 5,420.01 cror es, pe rtainin g to the cash generating unit, Tata Steel Nederland B .V., a step-down sub sidia ry of the Holdin g Compan y, were identified by the managemen t. The indicators mainly relate to extension of the tailormade agreem ent process with the government of Netherlands and associat ed unce rtainti es, increase in cost of decarbonisati on plan\"},{\"title\":\"Investor Presentation\",\"summary\":\"Investor Presentation\",\"source\":\"NSE\",\"published\":\"07-Nov-2026 13:23:05\",\"source_type\":\"official filing\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/NIDHIFADNAVIS_07112026132213_BSENSEPRANDIR.pdf\",\"disclosure_text\":\"Ref.: SEC\/1404\/2026-27 November 7, 2026 The Secretary, Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001. Maharashtra, India. Scrip Code: 500470 The Manager, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C\/1 G Block, Bandra-Kurla Complex, Bandra Mumbai - 400 051. Maharashtra, India. Symbol: TATASTEEL Dear Madam, Sirs, Sub: Submission of Press Release and Investor Presentation to be made to Analysts\/Investors Please find enclosed herewith the press release titled \u2018Tata Steel reports Consolidated EBITDA of Rs 10,665 crores for the quarter and Rs 20,035 crores for the half year ended September 30, 2026 \u2019 and investor presentation to be made to Analysts\/Investors on the Financial Results of Tata Steel Limited for the quarter and half year ended September 30, 2026. This disclosure is being made in compliance with Regulation 30 read with Regulation 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. Yours faithfully, Tata Steel Limited Parvatheesam Kanchinadham Company Secretary and Chief Legal Officer Encl.: As above 1 Page 1 of 3 Mumbai, November 07, 2026 Tata Steel reports Consolidated EBITDA of Rs 10,665 crores for the quarter and Rs 20,035 crores for the half year ended September 30, 2026 Highlights: \u25aa Consolidated Revenues for the Jul \u2013 Sep 2026 quarter were Rs 65,436 crores and EBITDA was Rs 10,665 crores with a margin of around 16%. EBITDA improved by 14% QoQ and 17% YoY. o India1 revenues were Rs 42,653 crores and EBITDA was Rs 10,634 crores, which translates to a margin of 25%. Crude steel production was up 7% QoQ to 6.18 million tons. Deliveries were up 16% QoQ to 5.98 million tons. o Netherlands revenues were \u20ac1,395 million and EBITDA was \u20ac72 million, aided by the restart of the Direct Sheet Plant in early August. Liquid steel production was 1.52 mn tons and deliveries were 1.30 mn tons. o UK revenues were \u00a3 411 million and EBITDA loss stood at \u00a3 56 million. Deliveries stood at 0. 38 million tons in the quarter. \u25aa Consolidated Revenues for the half year were Rs 1,26,231 crores and EBITDA was Rs 20,035 crores with a margin of around 16%. EBITDA improved by 21% YoY despite the challenging operating environment. o India1 revenues were Rs 79,641 crores and EBITDA was Rs 20,541 crores, which translates to an EBITDA margin of 26%. EBITDA improved by 27% YoY. o Netherlands revenues were \u20ac2,840 million and EBITDA was \u20ac76 million. o UK revenues were \u00a3895 million and EBITDA loss narrowed by 22% YoY to \u00a383 million. \u25aa The company spent around Rs 3,280 crores on capital expenditure during the quarter and Rs 6,860 crores for the half year. o Significant capex projects underway include 4.8 MTPA capacity expansion at Neelachal Ispat Nigam Limited and downstream growth projects such as the 0.7 MTPA Hot Rolled Pickling & Galvanising Line and 300 kt of the Tinplate expansion. \u25aa Net debt stood at Rs 91,423 crores and Net debt to EBITDA was 2.4x. Our group liquidity remains strong at Rs 40,076 crores, which includes cash & cash equivalents of ~Rs 10,300 crores. Financial Highlights: Key Profit & Loss account items (All figures are in Rs. crores unless specified) India1 Consolidated 2QFY27 1QFY27 2QFY26 2QFY27 1QFY27 2QFY26 Production (mn ton)2 6.18 5.76 5.64 8.07 7.69 7.73 Deliveries (mn ton) 5.98 5.17 5.55 7.92 7.27 7.91 Turnover 42,653 36,989 34,787 65,436 60,794 58,689 EBITDA 10,634 9,908 8,654 10,665 9,370 9,106 EBITDA per ton (Rs. per ton) 17,790 19,162 15,580 13,462 12,898 11,518 PBT before exceptional items 6,833 6,353 5,789 5,106 4,183 4,643 Exceptional Items (gain)\/loss 71 292 418 (349) 345 420 Reported Profit after Tax 5,055 4,667 4,216 3,700 2,385 3,183 1. India includes Tata Steel Standalone and Neelachal Ispat Nigam Limited on proforma basis adjusted for intercompany purchase and sale; 2. Production numbers for consolidated financials are calculated using crude steel for India, liquid steel for UK & Netherlands and saleable steel for South East Asia. Prior period financials have been restated, wherever applicable, upon merger of Rujuvalika Investments Limited 1 Page 2 of 3 Management Comments: Mr. T V Narendran, Chief Executive Officer & Managing Director: \u201cWe delivered strong growth in deliveries and earnings this quarter, backed by a resilient supply chain and close customer engagement, despite ongoing geoeconomic uncertainty and higher raw material costs. Deliveries grew 9% QoQ to ~7.92 million tons and EBITDA was up 14% QoQ to ~Rs 10,665 crores. India continued to be the cornerstone of our performance with volumes growing 16% QoQ despite a seasonally softer quarter , reflecting the strength of our market presence and customer reach . Our A utomotive & Special Products vertical achieved \u2018best ever\u2019 2Q volumes of ~1.1 million tons, driven by 26% growth in hi-end sales. Tata Tiscon sales reached ~2.7 million tons over the last twelve months and generated revenues ~$1.8 billion. Our e-commerce platforms, Aashiyana and DigECA, generated Gross Merchandise Value of around Rs 2, 961 crores, up 50% YoY. Downstream sales maintained their growth momentum, along with significant gains in Tata Steel colors and Tinplate . We also expanded presence in emerging segments such as shipbuilding, data centers and containers. We continue to make steady progress on our volume and value growth agenda in India. The 4.8 MTPA expansion at Neelachal Ispat Nigam Limited has entered the execution phase. Construction is progressing on the Hot Rolled Pickling & Galvanising Line and the Tinplate expansion project. In Netherlands, the successful restart of the Direct Sheet Plant and its return to rated capacity has supported improvement s in both the product mix and cost profile . In the UK, while the Llanwern pickle line is now fully operational , the market conditions continue to be influenced by elevated imports and inventory build-up across parts of the value chain. We remain engaged with policymakers and regulators to support a more balanced and sustainable market environment.\u201d Mr. Koushik Chatterjee, Executive Director & Chief Financial Officer: \u201cTata Steel deliver ed resilient performance in a volatile operating environment. Higher volumes in India and operational normalisation in the Netherlands helped offset elevated input costs. Consolidated EBITDA for the quarter rose 14% QoQ to Rs 10,665 crores and remained above Rs 13,000 per ton. This was primarily driven by strength of the India business, which delivered EBITDA of Rs 17, 790 per ton and a margin of 25%, despite a seasonally softer quarter. Neelachal Ispat Nigam Limited generated EBITDA of Rs 318 crores , and the amalgamation of NINL with Tata Steel remains on track for completion during the financial year, subject to final NCLT approval. In Netherlands, EBITDA improved from \u20ac4 million in 1Q to \u20ac72 million in 2Q, aided by favourable pricing and restart of the Direct Sheet Plant in early August. We are working closely with the regulators and are focused on maintaining compliance and operational stability. In the UK, subdued demand and elevated inventories across the supply chain weighed on volumes and performance. The UK EAF project continues to advance as construction activities ramp up . On half year basis, Consolidated EBITDA was Rs 20,035 crores , up 21% YoY . We delivered savings of around Rs 1,793 crores and are on track to achieve Rs 7,140 crores for the full year. We spent Rs 3,280 crores for the quarter and Rs 6,860 crores in the half year. Dividend payout was Rs 4,989 crores. Net debt stands at Rs 91,423 crores, which translates to Net debt to EBITDA of 2.4x. Our group liquidity remains strong at Rs 4 0,076 crores, which includes cash & cash equivalents of ~Rs 10,300 crores. Our focus remains on cost optimisation, operational improvements and working capital management to maximise cash flows.\u201d Disclaimer Statements in this press release describing the Company\u2019s performance may be \u201cforward-looking statements\u201d within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company\u2019s operations include, among others, economic conditions affecting demand\/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and\/ or other incidental factors. For queries and information Sarvesh Kumar, Chief Corporate Communications, Tata Steel, sarvesh.kumar@tatasteel.com 1 Page 3 of 3 About Tata Steel \u2022 Tata Steel group is among the top global steel companies with an annual crude steel capacity of 36 million tonnes per annum. \u2022 It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world. \u2022 The group recorded a consolidated turnover of around US$26 billion in the financial year ending March 31, 2026. \u2022 Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 77,000. \u2022 Tata Steel has announced its major sustainability objectives including Net Zero by 2045. \u2022 The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in \u2018Digital Steel making\u2019. The Company has received the World Economic Forum\u2019s Global Lighthouse recognition for its Jamshedpur, Kalinganagar, and IJmuiden Plants. 78% of our steel comes from these global lighthouses. Tata Steel has been recognised with \u2018Digital Enterprise of India - Steel\u2019 Award 2024 by Economic Times CIO. \u2022 The Company has been recognised with the World Economic Forum\u2019s Global Diversity Equity & Inclusion Lighthouse 2023 and is the world\u2019s largest SA8000 Certified organisation in terms of workforce coverage. \u2022 The Company has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked among the top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016. \u2022 Tata Steel\u2019s Jamshedpur Plant is India\u2019s first site to receive ResponsibleSteel TM Certification. Subsequently, its Kalinganagar and Meramandali plants have also received the certification. In India, Tata Steel now has more than 90% of its steel production from ResponsibleSteel TM certified sites. \u2022 Received Prime Minister\u2019s Trophy for the best performing integrated steel plant for 2016 -17, 2026 Steel Sustainability Champion recognition from worldsteel for nine years in a row, CDP 2024 \u2018Supplier Engagement Assessment\u2019 Leader, Top performer in Iron and Steel sector in Dun & Bradstreet's India's top 500 companies 2022, Ranked as the 2024 most valuable Mining and Metals brand in India by Brand Finance, \u2018Most Ethical Company\u2019 award 2021 from Ethisphere Institute, and CII Sports Business Award 2025 for 'The Legacy of Excellence in Sports Patronage'. \u2022 Received the Legal Team of the Year - Manufacturing at the 15th Annual Legal Era Indian Legal Awards 2025 - 26, 2023 Global ERM (Enterprise Risk Management) Award of Distinction at the RIMS ERM Conference 2023, \u2018Masters of Risk \u2013 Risk Technology\u2019 recognition at The India Risk Management Awards, and ICSI Business Responsibility and Sustainability Award 2023 for its first Business Responsibility and Sustainability Report (BRSR), Excellence in Financial Reporting FY20 from ICAI, among several others . Photographs: Management and Plant facilities | Logos: Files and usage guidelines Website: www.tatasteel.com and www.wealsomaketomorrow.tatasteel.com Follow us on: Tata Steel | @TataSteeLtd | Tata Steel | Tata Steel | tatasteelltd Tata Steel Results Presentation Financial quarter ended 30th September 2026 Nov 07, 2026 #Connecting India : Alluri Sitarama Raju Airport at Visakhapatnam built using Tata Steel\u2019s Tiscon ReadyBuild, Sm@rtFAB and Structura Safe Harbour Statement Statements in this presentation describing the Company\u2019s performance may be \u201cforward looking statements\u201d within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company\u2019s operations include, among others, economic conditions affecting demand \/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and\/or other incidental factors 2 3 We are committed to \u2018Zero Harm\u2019 61 126 219 0 131 169 0 43 69 190 185 166 52 178 51 237 41 57 90 36 90 153 153 153 255 161 0 2QFY27 Results Presentation Note : 1Employees refers to Permanent and Contract workforce, *Lost Time Injury Frequency Rate per million-man hours worked, for Tata Steel Group, 2Fatalities covers Tata Steel Standalone, SE Asia and Europe; TSML included from 1st Sep 2023 and Tinplate Company of India Ltd. and Tata Metaliks included from 1 st Oct 2023, CPR \u2013 Cardiopulmonary resuscitation 3 Journey towards excellence in Safety & Health of employees1 19% LTIFR* in the last 15 years 5 4 5 6 6 FY23 FY24 FY25 FY26 1H FY27 Fatalities2 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 1HFY27 Holistic measures for a safe and healthier workforce Workplace Safety \u2018Safety Connect\u2019, a knowledge sharing session with 15+ companies & regulators Behavioral Safety Onsite mock drills to strengthen the crisis response capabilities Employee Wellbeing \u2018Mental Health Matters\u2019 session organised. First Aid and CPR training 4 Improving quality of life of our communities 61 126 219 0 131 169 0 43 69 190 185 166 52 178 51 237 41 57 90 36 90 153 153 153 255 161 0 2QFY27 Results Presentation Note : 1Cumulative as on 1HFY27, 2CSR Spend by Tata Steel Standalone, SDG \u2013 Sustainable Development Goals, Sabal aims to create a platform for persons with disability through a participative atmosphere and inclusive infrastructure that enables skilling, employability and financial independence, PwD \u2013 Persons with Disabilities 4 45 lakh+ lives impacted 1 68 targets prioritised across 15 UN SDG goals >\u20b92,300 crores spent2 over last 5 years Tribal Leadership program empowers youth to drive collaboration & community impact Tribal Identity \u20b9800+ crores public funds unlocked directly to communities Unlocking Public Entitlements 5,700+ PwD connected through Sabal program Dignity for Disabled 25,500+ households adopted climate resilient practices for sustainable agriculture Climate Resilient LivelihoodsWater Resources 160+ structures created for community use Public Infrastructure 3 lakh+ children covered via foundational literacy and numeracy intervention Rural and Urban Education 93% redressal rate in high-risk cases among pregnant women & children (0-15 months) Public Health and Nutrition 39,000+ children and youth engaged in sporting activities Grassroots Sports 1,900+ women enrolled in leadership training under Disha program Gender & Youth Empowerment ~1.7 million m3 water storage capacity created via harvesting and watersheds Strategic Update Zinc-Aluminum-Magnesium coated coil now produced at Tata Steel Kalinganagar, expanding our advanced coated products portfolio for construction, infrastructure, solar and agriculture applications 61 126 219 0 131 169 0 43 69 190 185 166 52 178 51 237 41 57 90 36 90 153 153 153 255 161 0 6 61 126 219 0 131 169 0 43 69 190 185 166 52 178 51 237 41 57 90 36 90 153 153 153 255 161 0 Focused on creating Sustainable Value 6 Become Future Ready Leadership in India Robust Financial Health Consolidate position as global cost leader Leadership in Technology & Digital Leadership in Sustainability\"},{\"title\":\"Press Release\",\"summary\":\"a press release dated November 07, 2026, titled 'Tata Steel reports Consolidated EBITDA of Rs 10,665 crores for the quarter and Rs 20,035 crores for the half year ended September 30, 2026'.\",\"source\":\"NSE\",\"published\":\"07-Nov-2026 13:21:16\",\"source_type\":\"official filing\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/NIDHIFADNAVIS_07112026132017_BSENSEPRANDIR.pdf\",\"disclosure_text\":\"Ref.: SEC\/1404\/2026-27 November 7, 2026 The Secretary, Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001. Maharashtra, India. Scrip Code: 500470 The Manager, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C\/1 G Block, Bandra-Kurla Complex, Bandra Mumbai - 400 051. Maharashtra, India. Symbol: TATASTEEL Dear Madam, Sirs, Sub: Submission of Press Release and Investor Presentation to be made to Analysts\/Investors Please find enclosed herewith the press release titled \u2018Tata Steel reports Consolidated EBITDA of Rs 10,665 crores for the quarter and Rs 20,035 crores for the half year ended September 30, 2026 \u2019 and investor presentation to be made to Analysts\/Investors on the Financial Results of Tata Steel Limited for the quarter and half year ended September 30, 2026. This disclosure is being made in compliance with Regulation 30 read with Regulation 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. Yours faithfully, Tata Steel Limited Parvatheesam Kanchinadham Company Secretary and Chief Legal Officer Encl.: As above 1 Page 1 of 3 Mumbai, November 07, 2026 Tata Steel reports Consolidated EBITDA of Rs 10,665 crores for the quarter and Rs 20,035 crores for the half year ended September 30, 2026 Highlights: \u25aa Consolidated Revenues for the Jul \u2013 Sep 2026 quarter were Rs 65,436 crores and EBITDA was Rs 10,665 crores with a margin of around 16%. EBITDA improved by 14% QoQ and 17% YoY. o India1 revenues were Rs 42,653 crores and EBITDA was Rs 10,634 crores, which translates to a margin of 25%. Crude steel production was up 7% QoQ to 6.18 million tons. Deliveries were up 16% QoQ to 5.98 million tons. o Netherlands revenues were \u20ac1,395 million and EBITDA was \u20ac72 million, aided by the restart of the Direct Sheet Plant in early August. Liquid steel production was 1.52 mn tons and deliveries were 1.30 mn tons. o UK revenues were \u00a3 411 million and EBITDA loss stood at \u00a3 56 million. Deliveries stood at 0. 38 million tons in the quarter. \u25aa Consolidated Revenues for the half year were Rs 1,26,231 crores and EBITDA was Rs 20,035 crores with a margin of around 16%. EBITDA improved by 21% YoY despite the challenging operating environment. o India1 revenues were Rs 79,641 crores and EBITDA was Rs 20,541 crores, which translates to an EBITDA margin of 26%. EBITDA improved by 27% YoY. o Netherlands revenues were \u20ac2,840 million and EBITDA was \u20ac76 million. o UK revenues were \u00a3895 million and EBITDA loss narrowed by 22% YoY to \u00a383 million. \u25aa The company spent around Rs 3,280 crores on capital expenditure during the quarter and Rs 6,860 crores for the half year. o Significant capex projects underway include 4.8 MTPA capacity expansion at Neelachal Ispat Nigam Limited and downstream growth projects such as the 0.7 MTPA Hot Rolled Pickling & Galvanising Line and 300 kt of the Tinplate expansion. \u25aa Net debt stood at Rs 91,423 crores and Net debt to EBITDA was 2.4x. Our group liquidity remains strong at Rs 40,076 crores, which includes cash & cash equivalents of ~Rs 10,300 crores. Financial Highlights: Key Profit & Loss account items (All figures are in Rs. crores unless specified) India1 Consolidated 2QFY27 1QFY27 2QFY26 2QFY27 1QFY27 2QFY26 Production (mn ton)2 6.18 5.76 5.64 8.07 7.69 7.73 Deliveries (mn ton) 5.98 5.17 5.55 7.92 7.27 7.91 Turnover 42,653 36,989 34,787 65,436 60,794 58,689 EBITDA 10,634 9,908 8,654 10,665 9,370 9,106 EBITDA per ton (Rs. per ton) 17,790 19,162 15,580 13,462 12,898 11,518 PBT before exceptional items 6,833 6,353 5,789 5,106 4,183 4,643 Exceptional Items (gain)\/loss 71 292 418 (349) 345 420 Reported Profit after Tax 5,055 4,667 4,216 3,700 2,385 3,183 1. India includes Tata Steel Standalone and Neelachal Ispat Nigam Limited on proforma basis adjusted for intercompany purchase and sale; 2. Production numbers for consolidated financials are calculated using crude steel for India, liquid steel for UK & Netherlands and saleable steel for South East Asia. Prior period financials have been restated, wherever applicable, upon merger of Rujuvalika Investments Limited 1 Page 2 of 3 Management Comments: Mr. T V Narendran, Chief Executive Officer & Managing Director: \u201cWe delivered strong growth in deliveries and earnings this quarter, backed by a resilient supply chain and close customer engagement, despite ongoing geoeconomic uncertainty and higher raw material costs. Deliveries grew 9% QoQ to ~7.92 million tons and EBITDA was up 14% QoQ to ~Rs 10,665 crores. India continued to be the cornerstone of our performance with volumes growing 16% QoQ despite a seasonally softer quarter , reflecting the strength of our market presence and customer reach . Our A utomotive & Special Products vertical achieved \u2018best ever\u2019 2Q volumes of ~1.1 million tons, driven by 26% growth in hi-end sales. Tata Tiscon sales reached ~2.7 million tons over the last twelve months and generated revenues ~$1.8 billion. Our e-commerce platforms, Aashiyana and DigECA, generated Gross Merchandise Value of around Rs 2, 961 crores, up 50% YoY. Downstream sales maintained their growth momentum, along with significant gains in Tata Steel colors and Tinplate . We also expanded presence in emerging segments such as shipbuilding, data centers and containers. We continue to make steady progress on our volume and value growth agenda in India. The 4.8 MTPA expansion at Neelachal Ispat Nigam Limited has entered the execution phase. Construction is progressing on the Hot Rolled Pickling & Galvanising Line and the Tinplate expansion project. In Netherlands, the successful restart of the Direct Sheet Plant and its return to rated capacity has supported improvement s in both the product mix and cost profile . In the UK, while the Llanwern pickle line is now fully operational , the market conditions continue to be influenced by elevated imports and inventory build-up across parts of the value chain. We remain engaged with policymakers and regulators to support a more balanced and sustainable market environment.\u201d Mr. Koushik Chatterjee, Executive Director & Chief Financial Officer: \u201cTata Steel deliver ed resilient performance in a volatile operating environment. Higher volumes in India and operational normalisation in the Netherlands helped offset elevated input costs. Consolidated EBITDA for the quarter rose 14% QoQ to Rs 10,665 crores and remained above Rs 13,000 per ton. This was primarily driven by strength of the India business, which delivered EBITDA of Rs 17, 790 per ton and a margin of 25%, despite a seasonally softer quarter. Neelachal Ispat Nigam Limited generated EBITDA of Rs 318 crores , and the amalgamation of NINL with Tata Steel remains on track for completion during the financial year, subject to final NCLT approval. In Netherlands, EBITDA improved from \u20ac4 million in 1Q to \u20ac72 million in 2Q, aided by favourable pricing and restart of the Direct Sheet Plant in early August. We are working closely with the regulators and are focused on maintaining compliance and operational stability. In the UK, subdued demand and elevated inventories across the supply chain weighed on volumes and performance. The UK EAF project continues to advance as construction activities ramp up . On half year basis, Consolidated EBITDA was Rs 20,035 crores , up 21% YoY . We delivered savings of around Rs 1,793 crores and are on track to achieve Rs 7,140 crores for the full year. We spent Rs 3,280 crores for the quarter and Rs 6,860 crores in the half year. Dividend payout was Rs 4,989 crores. Net debt stands at Rs 91,423 crores, which translates to Net debt to EBITDA of 2.4x. Our group liquidity remains strong at Rs 4 0,076 crores, which includes cash & cash equivalents of ~Rs 10,300 crores. Our focus remains on cost optimisation, operational improvements and working capital management to maximise cash flows.\u201d Disclaimer Statements in this press release describing the Company\u2019s performance may be \u201cforward-looking statements\u201d within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company\u2019s operations include, among others, economic conditions affecting demand\/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and\/ or other incidental factors. For queries and information Sarvesh Kumar, Chief Corporate Communications, Tata Steel, sarvesh.kumar@tatasteel.com 1 Page 3 of 3 About Tata Steel \u2022 Tata Steel group is among the top global steel companies with an annual crude steel capacity of 36 million tonnes per annum. \u2022 It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world. \u2022 The group recorded a consolidated turnover of around US$26 billion in the financial year ending March 31, 2026. \u2022 Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 77,000. \u2022 Tata Steel has announced its major sustainability objectives including Net Zero by 2045. \u2022 The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in \u2018Digital Steel making\u2019. The Company has received the World Economic Forum\u2019s Global Lighthouse recognition for its Jamshedpur, Kalinganagar, and IJmuiden Plants. 78% of our steel comes from these global lighthouses. Tata Steel has been recognised with \u2018Digital Enterprise of India - Steel\u2019 Award 2024 by Economic Times CIO. \u2022 The Company has been recognised with the World Economic Forum\u2019s Global Diversity Equity & Inclusion Lighthouse 2023 and is the world\u2019s largest SA8000 Certified organisation in terms of workforce coverage. \u2022 The Company has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked among the top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016. \u2022 Tata Steel\u2019s Jamshedpur Plant is India\u2019s first site to receive ResponsibleSteel TM Certification. Subsequently, its Kalinganagar and Meramandali plants have also received the certification. In India, Tata Steel now has more than 90% of its steel production from ResponsibleSteel TM certified sites. \u2022 Received Prime Minister\u2019s Trophy for the best performing integrated steel plant for 2016 -17, 2026 Steel Sustainability Champion recognition from worldsteel for nine years in a row, CDP 2024 \u2018Supplier Engagement Assessment\u2019 Leader, Top performer in Iron and Steel sector in Dun & Bradstreet's India's top 500 companies 2022, Ranked as the 2024 most valuable Mining and Metals brand in India by Brand Finance, \u2018Most Ethical Company\u2019 award 2021 from Ethisphere Institute, and CII Sports Business Award 2025 for 'The Legacy of Excellence in Sports Patronage'. \u2022 Received the Legal Team of the Year - Manufacturing at the 15th Annual Legal Era Indian Legal Awards 2025 - 26, 2023 Global ERM (Enterprise Risk Management) Award of Distinction at the RIMS ERM Conference 2023, \u2018Masters of Risk \u2013 Risk Technology\u2019 recognition at The India Risk Management Awards, and ICSI Business Responsibility and Sustainability Award 2023 for its first Business Responsibility and Sustainability Report (BRSR), Excellence in Financial Reporting FY20 from ICAI, among several others . Photographs: Management and Plant facilities | Logos: Files and usage guidelines Website: www.tatasteel.com and www.wealsomaketomorrow.tatasteel.com Follow us on: Tata Steel | @TataSteeLtd | Tata Steel | Tata Steel | tatasteelltd Tata Steel Results Presentation Financial quarter ended 30th September 2026 Nov 07, 2026 #Connecting India : Alluri Sitarama Raju Airport at Visakhapatnam built using Tata Steel\u2019s Tiscon ReadyBuild, Sm@rtFAB and Structura Safe Harbour Statement Statements in this presentation describing the Company\u2019s performance may be \u201cforward looking statements\u201d within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company\u2019s operations include, among others, economic conditions affecting demand \/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and\/or other incidental factors 2 3 We are committed to \u2018Zero Harm\u2019 61 126 219 0 131 169 0 43 69 190 185 166 52 178 51 237 41 57 90 36 90 153 153 153 255 161 0 2QFY27 Results Presentation Note : 1Employees refers to Permanent and Contract workforce, *Lost Time Injury Frequency Rate per million-man hours worked, for Tata Steel Group, 2Fatalities covers Tata Steel Standalone, SE Asia and Europe; TSML included from 1st Sep 2023 and Tinplate Company of India Ltd. and Tata Metaliks included from 1 st Oct 2023, CPR \u2013 Cardiopulmonary resuscitation 3 Journey towards excellence in Safety & Health of employees1 19% LTIFR* in the last 15 years 5 4 5 6 6 FY23 FY24 FY25 FY26 1H FY27 Fatalities2 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 1HFY27 Holistic measures for a safe and healthier workforce Workplace Safety \u2018Safety Connect\u2019, a knowledge sharing session with 15+ companies & regulators Behavioral Safety Onsite mock drills to strengthen the crisis response capabilities Employee Wellbeing \u2018Mental Health Matters\u2019 session organised. First Aid and CPR training 4 Improving quality of life of our communities 61 126 219 0 131 169 0 43 69 190 185 166 52 178 51 237 41 57 90 36 90 153 153 153 255 161 0 2QFY27 Results Presentation Note : 1Cumulative as on 1HFY27, 2CSR Spend by Tata Steel Standalone, SDG \u2013 Sustainable Development Goals, Sabal aims to create a platform for persons with disability through a participative atmosphere and inclusive infrastructure that enables skilling, employability and financial independence, PwD \u2013 Persons with Disabilities 4 45 lakh+ lives impacted 1 68 targets prioritised across 15 UN SDG goals >\u20b92,300 crores spent2 over last 5 years Tribal Leadership program empowers youth to drive collaboration & community impact Tribal Identity \u20b9800+ crores public funds unlocked directly to communities Unlocking Public Entitlements 5,700+ PwD connected through Sabal program Dignity for Disabled 25,500+ households adopted climate resilient practices for sustainable agriculture Climate Resilient LivelihoodsWater Resources 160+ structures created for community use Public Infrastructure 3 lakh+ children covered via foundational literacy and numeracy intervention Rural and Urban Education 93% redressal rate in high-risk cases among pregnant women & children (0-15 months) Public Health and Nutrition 39,000+ children and youth engaged in sporting activities Grassroots Sports 1,900+ women enrolled in leadership training under Disha program Gender & Youth Empowerment ~1.7 million m3 water storage capacity created via harvesting and watersheds Strategic Update Zinc-Aluminum-Magnesium coated coil now produced at Tata Steel Kalinganagar, expanding our advanced coated products portfolio for construction, infrastructure, solar and agriculture applications 61 126 219 0 131 169 0 43 69 190 185 166 52 178 51 237 41 57 90 36 90 153 153 153 255 161 0 6 61 126 219 0 131 169 0 43 69 190 185 166 52 178 51 237 41 57 90 36 90 153 153 153 255 161 0 Focused on creating Sustainable Value 6 Become Future Ready Leadership in India Robust Financial Health Consolidate position as global cost leader Leadership in Technology & Digital Leadership in Sustainability\"},{\"title\":\"Retirement\",\"summary\":\"Retirement of Mr. Noel Naval Tata as the Non-Executive, Non-Independent Director and Vice Chairman of the Board\",\"source\":\"NSE\",\"published\":\"07-Nov-2026 13:17:42\",\"source_type\":\"official filing\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/NIDHIFADNAVIS_07112026131701_BOARDOUTCOME-NOV7.pdf\",\"disclosure_text\":\"Ref: SEC\/1403\/2026-27 November 7, 2026 The Secretary, Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Maharashtra, India. Scrip Code: 500470 The Manager, Listing Department National Stock Exchange of India Limited Exchange Pladza, 5th Floor, Plot No. C\/1, G Block, Bandra-Kurla Complex, Bandra, Mumbai - 400 051. Maharashtra, India. Symbol: TATASTEEL Dear Madam, Sirs, Sub: Outcome of Board meeting of Tata Steel Limited This has reference to our intimation of meeting of the Board of Directors of Tata Steel Limited (\u2018Company\u2019) dated October 24, 2026. The Board of Directors (\u2018Board\u2019) of the Company at its meeting held today, i.e. November 7, 2026, inter alia, transacted the following business: 1. Financial Results for quarter and half year ended September 30, 2026 Considered and approved the Audited Standalone and Unaudited Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. The financial information as required to be provided in terms of Regulations 33 and 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (\u2018SEBI Listing Regulations\u2019) forms part of the Financial Results. A copy of the said Financial Results together with the Statutory Auditors\u2019 Report (with modified opinion) for the quarter and half year ended September 30, 2026, is enclosed herewith as Annexure A. Response to the Statutory Auditor\u2019s opinion is provided in point no. 4 of the Notes to the Financial Results forming part of the SEBI Release enclosed in Annexure A. 2. Retirement of Mr. Noel Naval Tata as the Non-Executive, Non-Independent Director and Vice Chairman of the Board In accordance with the Tata Group Governance Guidelines, Mr. Noel Naval Tata (DIN: 00024713) will retire as the Non-Executive, Non -Independent Director and Vice Chairman of the Board, effective close of business hours on November 11, 2026. Mr. Tata has been associated with the Company since March 2022 and during his tenure, he has provided valuable guidance and strategic direction to the Company. The Board places on record its deep appreciation for his invaluable contributions to the Company. The details required in terms of the Master Circular No. HO\/49\/14\/14(7)2025-CFD- POD2\/I\/3762\/2026 dated January 30, 2026, issued and notified by the Securities and Exchange Board of India are given in Annexure B. The Board meeting commenced at 9:00 a.m. (IST) and concluded at 12:00 noon (IST). These are also being made available on the website of the Company at www.tatasteel.com These disclosures are being made pursuant to Regulation 30, 33, 51, 52 read with Schedule III and other applicable provisions of the SEBI Listing Regulations, as amended, along with applicable SEBI Circulars notified in this regard. This is for your information and records. Yours faithfully, Tata Steel Limited Parvatheesam Kanchinadham Company Secretary and Chief Legal Officer Encl.: As above. Price Waterhouse & Co Chartered Accountants LLP INDEPENDENT AUDITOR'S REPORT To The Board of Directors Tata Steel Limited, Bombay House, 24, Homi Mody Street, Fort, Mumbai-400001 Report on the Audit of th e Standalone Financial Results Q ualified O pinion t. We have audited the accompanying standalone quarterly financial results of Tata Steel Limited (hereinafter referred to as \\\"the Company\\\") for the quarter ended September 3o, 2o26 and the year to date results for the period from April 1, 2o26 to September 30, 2026, attached herewith, the Statement of Assets and Liabilities as on that date and the Statement of Cash Flows for the half-year ended on that date (the \\\"Standalone Financial Results\\\") which are included in the accompanying 'Standalone Statement of Profit and Loss for the quarter\/six months ended on 3oth September 2o26, Standalone Balance Sheet as at 3oth September 2o26 and Standalone Statement of Cash Flows for the six months ended on 3oth September 2o26' (the Statement), being submitted by the Company pursuant to the requirement of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the \\\"Listing Regulations, 2015) 2 . In our opinion and to the best of our information and according to the explanations given to us, except for the effects of the matter described in the \\\"Basis for Qualified Opinion\\\" section of our report, the Standalone Financial Results: (i) are presented in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, 2o15 in this regard; and (ii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2o13 and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the quarter ended September 30, 2026 as well as the year to date results for the period from April 1, 2026 to September 3o, 2026, and also the Statement of Assets and Liabilities as at September 3o, 2o26 and the Statement of Cash Flows for the half-year ended on that date Basis for Qualified Opinion 3. We draw attention to Note 4 to the Statement explaining the current significant uncertainties in respect of Tata Steel Nederland B.V. ('TSN'), a step-down subsidiary of the Company, leading to non-recognition of further reduction in fair value. Management has not recognised probable material\/substantive reduction in fair value, in excess of the amounts already recognised in Other Comprehensive Income for the quarter ended September 3o, 2026, and the year to date results for the period from April 1 to September 30, 2026, with respect to its investment, having a carrying value of Rs. 59,078.13 crore as of September 30, 2026, in T Steel Holdings Pte. Ltd. (the holding company of TSN). 4. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143010) of the Companies Act, 2o13 (the Act). Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Standalone Financial Results' section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the - =- Price Waterhouse & Co Chartered Accountants LLP, 252, Veer Savarkar Marg, Shiv \\\" \ufffd1dat, weng M um bai -400 028 vA A c-@ 'g ss > ] % T: +91 (22) 66691500,F: +91 (22) 66547804\/07 [5( cnatore#ccountants ) \\\"\u2022t.,ed Offle tartll H Nd cl!<: t Plot N e 58 & 51,B ioe \ufffd ON Stc: 1c, -V ,Salt la i< t,lt<a U 11 \u2022100 0i l \ufffd ,) \ufffd If '( ' ! l E'\\\\: , i\\\\J,.i-!I ',...,_$' Pr,ce Wattrl'I OU H a. Co (a Panntrlllop F\\\"'ml cor, .,..tt<l in!c Pncti 'lla1tr'l OU H & Co Cl,a,l ....i Ac c-U,nta LlP (a t#J-ii \ufffd \ufffd 1_p 1,1y\\\"\\\" LL.PIN AAC-4362 wth e ttc t trom July 7, 2014. Post its conversion to Price Waterhouse A Co Chartered Accountants u\/ts.reg nation nurber is 304028E\/300009 @CAI registration rurnbr before conversion was 304026\u00a3) = Price W aterhouse & Co Chartered Accountants LLP Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. Emphasis of M atter 5. Wedraw attention to Note 3 to the Statement in respect of the Scheme of Amalgamation (the \\\"Scheme\\\") between the Company and its subsidiary, Rujuvalika Investments Limited, which has been approved by the National Company Law Tribunal, Mumbai Bench (the \\\"NCLT\\\" ) ide its Order dated October 1, 2026 with an 'appointed date' of April 1, 2023. Pursuant to the NCLT approval, the Company has given effect to the Scheme in accordance with Appendix C 'Business combinations under common control' to Ind AS 103 \\\"Business Combinations\\\", from the beginning of the preceding period. Accordingly, comparative figures for the quarter and six months ended September 3o, 2o25; year ended March 31, 2026; and quarter ended June 3o, 2o26, have been restated to give effect to the aforesaid amalgamation as prescribed in the approved Scheme. Our opinion is not modified in respect of this matter. M anagement's Responsibilities for the Standalone Financial Results 6. These quarterly Standalone Financial Results as well as the year to date Standalone Financial Results have been prepared on the basis of the interim financial statements. The Company's Board of Directors are responsible for the preparation of these Standalone Financial Results that give a true and fair view of the net profit and other comprehensive income and other financial information, the Statement of Assets and Liabilities and the Statement of Cash Flows in accordance with the recognition and measurement principles laid down in Indian Accounting Standard (Ind AS) 34, 'Interim Financial Reporting' prescribed under Section 133 of the Aet read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, 2o15. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error. 7. In preparing the Standalone Financial Results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. 8. The Board of Directors are also responsible for overseeing the Company's financial reporting process. Auditor's Responsibilities for the Audit of the Standalone Financial Results 9. Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone Financial Results. Price W aterhouse & C o C hartered A ccountants LLP to. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the Standalone Financial Results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. \u2022 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control \u2022 Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors. \u2022 Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. \u2022 Evaluate the overall presentation, structure and content of the Standalone Financial Results, ineluding the disclosures, and whether the Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation. 1 . We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 12. We also provide those charged with governance with an annual statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. For Price Waterhouse & Co Chartered Accountants LLP Firm Registration Number:304026E\/E-300009 Subramanian Vivek Partner Membership Number:100332 UDIN:26100332BCGAMN1789 Mumbai November 7, 2026 Price Waterhouse & Co Chartered Accountants LLP Review Report To The Board of Directors Tata Steel Limit ed Bombay House , 24, Homi Mody Street, Fort, Mumbai - 400001 1. We have reviewed the consolidated unaudit ed financial results of Tata Steel Limited (the \\\"Holding Company\\\"), its subsidiari es and interest in joint operations (the Holding Company , its subsidiaries and interest in joint operations hereinafte r referred to as the \\\"Group\\\") , and its share of the net profit\/(loss) after tax and total compre hensive income of its joint ventures and associate compani es (refer paragraph 4 below) for the quarter ended September 30, 2026 and the year to date results for the period April 1, 2026 to September 30, 2026 which are includ ed in the accom panying 'Consolidat ed Stateme nt of Profit and Loss for the quarter\/six months ended on 3oth September 2026, Consolidat ed Balance Sheet as at 3oth September 2026 and Consolidate d Statement of Cash Flows for the six months ended on 30th September 2026 ' (the \\\"State ment\\\"). The Statement is being submi tted by the Holding Company pursu ant to the requirement of Regulation 33 and Regulati on 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amend ed (the \\\"Listing Regulations, 2015 \\\"), which has been initialled by us for iden tificati on purposes. 2. This Statement , which is the responsibili ty of the Holdin g Company 's Mana gement and has been approved by the Holding Company's Board of Directors , has been prepared in accordance with the reco gnition and measurement princ iples laid down in Indian Accountin g Standa rd 34 \\\"Interim Financ ial Reporting\\\", prescribed under Section 133 of the Companies Act, 20 13, and other acco untin g prin ciples gene rally accepted in India . Our responsibi lity is to express a con clusion on the Statement based on our review. 3. We conducted our review of the Statement in accordan ce with the Standard on Review Engage ments (SRE) 2410 \\\"Review of Interim Financial Informat ion Performed by the Independent Audit or of the Entity\\\", issued by the Institut e of Chartered Accountants of India . This Standard requires that we plan and perform the review to obtain moderate assu rance as to whether the Statement is free of material misstatement. A review of interim financi al information consists of making inquiri es, primaril y of persons responsible for financi al and accounting matters, and appl ying analytical and other review procedures. A review is substant ially less in scope than an audit conducted in accordance with Standard s on Auditing and consequentl y does not enabl e us to obtain assurance that we would become aware of all significant matters that might be ide nti fied in an audit. Accordingly, we do not express an audit opinion . We also performed procedures in accordance with the circular issu ed by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosur e Requirem ents) Regulations, 2015, as ame nded , to the extent applicab le. 4. The Statement includes the results of the entities listed in Annexure A. 5. Durin g the quarter ended Sept ember 3o, 2026, indicators of impairment to carrying value of property, plant and equipment ('PP&E ') of Rs. 33,272.58 cror es and relat ed goodwill of Rs. 5,420.01 cror es, pe rtainin g to the cash generating unit, Tata Steel Nederland B .V., a step-down sub sidia ry of the Holdin g Compan y, were identified by the managemen t. The indicators mainly relate to extension of the tailormade agreem ent process with the government of Netherlands and associat ed unce rtainti es, increase in cost of decarbonisati on plan\"}],\"recent_news\":[{\"summary\":\"Outcome of Board meeting of Tata Steel Limited for the quarter and half year ended September 30, 2026.\",\"category\":\"General Updates\",\"date\":\"07-Nov-2026 13:43:17\",\"source\":\"NSE filing\",\"industry\":\"Steel And Steel Products\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/NIDHIFADNAVIS_07112026134209_Outcome_of_BM.pdf\",\"headline\":\"Earnings \/ operating update\",\"impact\":\"Earnings updates are directly relevant to valuation. Revenue growth, margins, profit growth and management guidance are the key items to compare with expectations.\",\"importance_score\":5,\"completeness_score\":4},{\"summary\":\"a press release dated November 07, 2026, titled 'Tata Steel reports Consolidated EBITDA of Rs 10,665 crores for the quarter and Rs 20,035 crores for the half year ended September 30, 2026'.\",\"category\":\"Press Release\",\"date\":\"07-Nov-2026 13:21:16\",\"source\":\"NSE filing\",\"industry\":\"Steel And Steel Products\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/NIDHIFADNAVIS_07112026132017_BSENSEPRANDIR.pdf\",\"headline\":\"Earnings \/ operating update\",\"impact\":\"Earnings updates are directly relevant to valuation. Revenue growth, margins, profit growth and management guidance are the key items to compare with expectations.\",\"importance_score\":5,\"completeness_score\":4},{\"summary\":\"Tata Steel Limited has submitted to the Exchange, the financial results for the quarter and half year ended September 30, 2026.\",\"category\":\"Outcome of Board Meeting\",\"date\":\"07-Nov-2026 13:06:33\",\"source\":\"NSE filing\",\"industry\":\"Steel And Steel Products\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/NIDHIFADNAVIS_07112026130531_BOARDOUTCOME-NOV7.pdf\",\"headline\":\"Earnings \/ operating update\",\"impact\":\"Earnings updates are directly relevant to valuation. Revenue growth, margins, profit growth and management guidance are the key items to compare with expectations.\",\"importance_score\":5,\"completeness_score\":4},{\"summary\":\"receipt of certified true copy of the Order of the Hon ble National Company Law Tribunal, Mumbai Bench in the matter of the Scheme of Amalgamation of Rujuvalika Investments Limited and Tata Steel Limited and their respective shareholder.\",\"category\":\"Amalgamation\/Merger\",\"date\":\"15-Oct-2026 19:24:44\",\"source\":\"NSE filing\",\"industry\":\"Steel And Steel Products\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/NIDHIFADNAVIS_15102026192421_BSENSE_Signed.pdf\",\"headline\":\"Order \/ business win\",\"impact\":\"A material order can improve revenue visibility and capacity utilisation. The eventual earnings impact depends on execution timelines and project margins.\",\"importance_score\":5,\"completeness_score\":5}],\"shareholding_snapshot\":{\"promoter_pct\":32.94,\"public_pct\":67.06,\"fii_pct\":18.19,\"dii_pct\":27.52,\"mf_pct\":16.12,\"institutional_pct\":45.71,\"noninst_pct\":21.33,\"mf_scheme_count\":73,\"pledged_shares\":null,\"pledged_pct_of_promoter\":null,\"mf_holders\":[{\"name\":\"Sbi Nifty 50 Etf\",\"shares\":483928843,\"pct\":3.88},{\"name\":\"Icici Prudential Large Cap Fund\",\"shares\":418746052,\"pct\":3.35},{\"name\":\"Hdfc Trustee Company Limited-Hdfc Flexi Cap Fund\",\"shares\":245710832,\"pct\":1.97},{\"name\":\"Uti Nifty 50 Etf\",\"shares\":172005455,\"pct\":1.38},{\"name\":\"Nippon Life India Trustee Ltd-A\/C Nippon India Etf Nifty 50 Bees\",\"shares\":135020436,\"pct\":1.08}],\"period\":\"30-SEP-2026\",\"submission_date\":\"19-OCT-2026\",\"source\":\"NSE shareholding pattern XBRL\",\"source_url\":\"https:\/\/nsearchives.nseindia.com\/corporate\/xbrl\/SHP_1741178_19102026114757_WEB.xml\",\"previous_period\":\"30-JUN-2026\",\"previous_promoter_pct\":32.94,\"previous_fii_pct\":19.37,\"previous_dii_pct\":26.62,\"previous_mf_pct\":14.71,\"previous_institutional_pct\":45.99,\"previous_mf_scheme_count\":73,\"previous_pledged_pct_of_promoter\":null,\"previous_pledged_shares\":null}} --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Steel share price fell 2.81% to \u20b9184.85 today. See why TATASTEEL is falling, volume context, company developments and what to watch next.<\/p>\n","protected":false},"author":1,"featured_media":11525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"_witty_seo_title":"Tata Steel Share Price Today: Why TATASTEEL Is Falling 2.81% | 9 November 2026","_witty_meta_description":"Tata Steel share price fell 2.81% to \u20b9184.85 today. See why TATASTEEL is falling, volume context, company developments and what to watch next.","_witty_primary_phrase":"Tata Steel share price today","_witty_reason_label":"profit-taking after recent strength amidst high volume","_witty_reason_confidence":"low","footnotes":"","_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"","_yoast_wpseo_focuskw":"","rank_math_title":"","rank_math_description":"","rank_math_focus_keyword":"","_aioseop_title":"","_aioseop_description":""},"categories":[3,4],"tags":[157],"class_list":["post-11526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-movers","category-stocks-in-news","tag-tatasteel"],"_links":{"self":[{"href":"https:\/\/www.wittytrades.com\/market-news\/wp-json\/wp\/v2\/posts\/11526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wittytrades.com\/market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wittytrades.com\/market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wittytrades.com\/market-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wittytrades.com\/market-news\/wp-json\/wp\/v2\/comments?post=11526"}],"version-history":[{"count":1,"href":"https:\/\/www.wittytrades.com\/market-news\/wp-json\/wp\/v2\/posts\/11526\/revisions"}],"predecessor-version":[{"id":11527,"href":"https:\/\/www.wittytrades.com\/market-news\/wp-json\/wp\/v2\/posts\/11526\/revisions\/11527"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wittytrades.com\/market-news\/wp-json\/wp\/v2\/media\/11525"}],"wp:attachment":[{"href":"https:\/\/www.wittytrades.com\/market-news\/wp-json\/wp\/v2\/media?parent=11526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wittytrades.com\/market-news\/wp-json\/wp\/v2\/categories?post=11526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wittytrades.com\/market-news\/wp-json\/wp\/v2\/tags?post=11526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}