Tata Steel Completes 119th AGM: Approves Dividend, Strategic Appointments, and Material Related Party Transactions

Tata Steel Completes 119th AGM: Approves Dividend, Strategic Appointments, and Material Related Party Transactions​

Tata Steel Limited held its 119th Annual General Meeting (AGM) on Thursday, July 2, 2026. The meeting commenced at 10:30 a.m. and concluded at 2:05 p.m., conducted through Video Conferencing (VC) and other Audio-Visual Means (OAVM).

The AGM saw the Chairman of the Board, Mr. Natarajan Chandrasekaran, preside over the meeting. The Directors, Statutory Auditors from Price Waterhouse & Co. Chartered Accountants LLP, Cost Auditors M/s Shome & Banerjee, Secretarial Auditors M/s Parikh and Associates, along with Union representatives were present via VC.

The Chairman welcomed members and called the AGM to order after confirming the requisite quorum was present. Members were briefed on their participation through the audio-visual means. Following a presentation by Chief Executive Officer & Managing Director, Mr. T.V. Narendran, detailing the operational and financial performance of the company during FY2025-26, several critical resolutions were transacted via remote e-voting.

Key Decisions and Corporate Actions​

The AGM focused on approving key financial documents, ratifying costs, and addressing significant business transactions for the company. All resolutions proposed at the meeting were passed with the requisite majority.

Notable approvals included:

• Financial Statement Adoption: The members approved the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors. Similarly, the Audited Consolidated Financial Statements were adopted.
• Dividend Declaration: A dividend of ₹4/- per Ordinary (equity) Share, face value ₹1/- each, was declared for the Financial Year 2025-26.
• Director Appointment: The members voted on a resolution to appoint a Director in place of Mr. Koushik Chatterjee, who retires by rotation.
• Auditor Ratification: The remuneration of Messers Shome & Banerjee, Cost Auditors for the Financial Year 2026-27 was ratified.

Material Related Party Transactions (RATs) Approved​

The AGM addressed multiple material related party transactions involving affiliated companies and entities:

Voting Statistics​

The outcome of the resolutions demonstrated strong investor support for both financial performance and strategic direction. The meeting was conducted on a total base of 12,483,527,171 shares held as of the record date, June 25, 2026.

Overall voting statistics from the AGM included:


For one of the key resolutions—the declaration of dividend of ₹4/- per Ordinary (equity) Share for FY 2025-26—the voting results showed:


The company concluded the meeting after the e-voting facility was closed at 2:05 p.m. IST.

TATASTEEL Stock Price Movement​

Today, Tata Steel Limited shares edged higher to settle at ₹187.67, achieving a gain of 1.80% in the metal giant. The stock saw robust activity, trading on a volume of 29.14 million shares.