June 21, 2021

Singapore Stock Exchange

Singapore

Dear Madam, Sirs,

Sub: Second Reminder-Cum-Forfeiture Notice (ISIN: IN9081A01010)

This has reference to our letters dated February 9, 2021, February 23, 2021, March 24, 2021, and April 14, 2021 in relation to the first and final call in respect of the partly paid-up equity shares of the Company.

The Stakeholders' Relationship Committee ("Committee"), duly authorized by the Board of Directors of the Company, at its meeting held on May 15, 2021, approved sending of a Second Reminder-cum-Forfeiture Notice for payment of first and final call amount of ₹461/- per partly-up equity share as First and Final Call money ("Second Reminder-cum-Forfeiture Notice"), to the holders of such partly paid-up equity shares on which the first and final call money remains unpaid.

In this connection, we wish to inform that the Second Reminder-cum-Forfeiture Notice is being issued to the holders of such partly paid-up equity shares on which the first and final call money remains unpaid.

A specimen copy of the Second Reminder-cum-Forfeiture Notice is enclosed herewith for you reference.

The same is also being made available on the website of the Company at www.tatasteel.com.

This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This is for your information and records.

Thanking you.

Yours faithfully,

Tata Steel Limited

Parvatheesam Kanchinadham

Company Secretary &

Chief Legal Officer (Corporate & Compliance)

Encl: As above

Registered Office Bombay House 24 Homi Mody Street Fort Mumbai 400 001 India

Tel 91 22 6665 8282 Fax 91 22 6665 7724 Website www.tatasteel.com

Corporate Identity Number L27100MH1907PLC000260

Corporate Identity Number: L27100MH1907PLC000260

Registered Office: Bombay House, 24, Homi Mody Street, Fort, Mumbai 400 001, India

Tel: +91 22 6665 8282; Website:www.tatasteel.com;

Contact Person: Parvatheesam Kanchinadham, Company Secretary & Chief Legal Officer (Corporate & Compliance)

Contact No.: +91 22 6665 7279; E-mail: cosec@tatasteel.com

SECOND REMINDER-CUM-FORFEITURE NOTICE TO THE HOLDERS OF PARTLY PAID-UP

EQUITY SHARES ON WHICH CALL AMOUNT IS TO BE PAID (ISIN: IN9081A01010)

June 21, 2021

Last date of payment

July 19, 2021

Second Reminder-cum-Forfeiture Notice

No.:

Name:

DP ID - Client ID/Folio No.:

PAN:

Dear Madam/Sir,

Sub: Second Reminder-cum-Forfeiture Notice for payment of First and Final Call Money of ₹461/- (comprising ₹7.496 towards face value and ₹453.504 towards securities premium) per partly paid-up equity share issued by Tata Steel Limited (the "Company"), on a rights basis, pursuant to the Letter of Offer dated January 22, 2018 ("Letter of Offer")

Ref: First and Final Call Money Notice dated February 23, 2021 and Reminder-cum-Forfeiture Notice dated April 14, 2021.

This has reference to the First and Final Call Money Notice dated February 23, 2021 and Reminder-cum-Forfeiture Notice dated April 14, 2021 issued in relation to the partly paid-up equity shares of the Company. In this connection, the Stakeholders' Relationship Committee ("Committee"), duly authorized by the Board of Directors of the Company, at its meeting held on May 15, 2021, approved sending of a Second Reminder-cum-Forfeiture Notice for payment of first and final call amount of ₹461/- per partly-up equity share (comprising ₹7.496 towards face value and ₹453.504 towards securities premium) as First and Final Call money ("Second Reminder-cum-ForfeitureNotice"), to the holders of such partly paid-up equity shares on which the first and final call money remains unpaid.

As per the Company's records, the First and Final Call money for the partly paid-up equity shares of the Company held in the captioned DP ID - Client ID/Folio No. remains unpaid and hence, in accordance with the Companies Act, 2013 ("Act"), Articles of Association of the Company and the Letter of Offer, a Second Reminder-cum-Forfeiture Notice is hereby given to you to pay the First and Final Call Money as per details given below:

No. of partly paid-up equity shares on which call amount is to be paid

Amount due and payable @ ₹461/- per partly paid-up equity share

  • in figures

Page 1 of 2

Other Instructions

Payment Period

From

To

Duration

Monday, July 05, 2021

Monday, July 19, 2021

15 days

a)

Cheque/Demand Draft (1)

a) Tata Steel Call Money- Escrow collection - R a/c

Modes of payment

(made payable to)

(for resident shareholders)

b) Tata Steel Call Money - Escrow collection - NR a/c

(for non-resident shareholders)

b)

R-WAP(2)

Using the R-WAP facility at www.linkintime.co.in

  1. Post the merger of certain Public-Sector Banks ("PSBs") with other banks, the cheques of the merged PSBs have become invalid effective April 1, 2021. Shareholders may please note that payment of first and final call money made using cheques of such PSBs will not be accepted and payment of Call Money using such cheques will be rejected.
  2. Available only to resident shareholders and such payments to be received on or before close of banking hours on Monday July 19, 2021

Detailed instructions for payment of the First and Final Call Money are enclosed as Annexure 1. Please read the same carefully before proceeding for payment.

You are requested to make the payment of the First and Final Call Money on or before Monday, July 19, 2021.

Please note that, failure to pay the First and Final Call Money, as aforesaid shall render the partly paid-up equity shares of the Company held by you, including the amount already paid thereon, liable to be forfeited in accordance with the provisions of the Act, the Articles of Association of the Company and the Letter of Offer.

All capitalized terms not defined herein would have the same meaning as attributed to it in the Letter of Offer.

Yours faithfully,

Tata Steel Limited sd/-

Parvatheesam Kanchinadham Company Secretary &

Chief Legal Officer (Corporate & Compliance)

Encl: As above

Page 2 of 2

Annexure 1

TATA STEEL LIMITED

DETAILED INSTRUCTIONS FOR PAYMENT OF FIRST AND FINAL CALL MONEY

PURSUANT TO SECOND REMINDER-CUM-FORFEITURE NOTICE DATED JUNE 21, 2021

MODE OF DISPATCH

In terms of the provisions of the Act, read with the relevant rules made thereunder, the Second Reminder-cum-Forfeiture Notice is being sent in electronic mode to the holders of partly paid-up equity shares as on the Record Date i.e. February 19, 2021, who have not paid the call money or part thereof, pursuant to the First and Final Call Money Notice dated February 23, 2021 and Reminder-cum-Forfeiture Notice dated April 14, 2021, and whose e-mail address is registered with the Company or its Registrar and Transfer Agent - TSR Darashaw Consultants Private Limited ("RTA") or the Depository Participant(s). The Second Reminder-cum- Forfeiture Notice along with the detailed instructions and payment slip are also available on the Company's website at https://www.tatasteel.com/investors/investor-information/rights-issue-first-and-final-call/

Physical copies of the Second Reminder-cum-Forfeiture Notice along with the detailed instructions and payment slip are being sent to those holders of partly paid-up equity shares as on record date, who have not paid the first and final call money (or a part thereof) and:

  1. who have not registered their e-mail address with the Company or its RTA or Depository Participant(s); or
  2. who have specifically registered their request for the physical copy of the same.

PAYMENT INSTRUCTIONS

Please note that:

  1. cash payment shall not be accepted.
  2. no part payment will be accepted and part payment will be treated as non-payment which shall render the partly paid-up equity shares, including the amount already paid thereon, liable to be forfeited in accordance with the provisions of the Act, the Articles of Association of the Company and the Letter of Offer. However, in relation to any payment made by a holder of the partly paid-up equity shares pursuant to the Second Reminder-cum-Forfeiture Notice for payment of first and final call money, which is lesser than the aggregate amount payable by such holder with respect to the partly paid-up equity shares held by such holder as on the Record Date, the Board/duly authorized Committee of the Board, may consider conversion of such lower number of equity shares to be made fully paid-up, such that it is in proportion to the amount paid by such holder. (For example - If a shareholder holds 100 partly paid-upequity shares on the Record Date, the aggregate amount payable by such holder pursuant to the second Reminder-cum-ForfeitureNotice for payment of first and final call money will be ₹46,100. If such holder makes a payment of ₹23,050, such holder will receive such number of fully paid-upequity shares converted in proportion to the payment made i.e. 50 fully paid-upequity shares. Partly paid-upequity shares in respect of which the First and Final Call money payable remains unpaid may be forfeited, in accordance with the provisions of the Act, the Articles of Association of the Company and the Letter of Offer.)
  3. In respect of partly paid-up equity shares, where the first and final call amount has been paid during the Payment Period from July 5, 2021 to July 19, 2021, the Board/duly authorized Committee of the Board, at its discretion, may opt to convert such partly paid-up equity shares to fully-uppaid-up equity shares, in tranches and at such intervals as it may deem appropriate including conversion during the Payment Period. However, please note that payments in respect of partly paid-up equity shares for a particular demat account/folio no., shall be made only once during the Payment Period (and not in multiple tranches) and the subsequent payments made, post the first payment made during the Payment Period, will be liable to be rejected.
  4. payments made using third party bank accounts are liable to be rejected and the Company, and the Registrars for the First and Final Call - Link Intime India Private Limited ("Registrar") shall rely on the self-certification of the transaction in this regard.
  5. Excess/duplicate amount paid or amount paid by person who is not a shareholder as on the Record Date or short payment made by a shareholder (in case the same cannot be adjusted towards payment of First and Final Call Money), will be refunded as per the following methods:
    1. Cheque/DD - Credit to the same bank account from where payment has been made
    2. RWAP - Credit to the same bank account from where payment has been made

Page 1 of 4

Payment Modes

1. For payment through cheque/ demand draft

  1. Shareholders are requested to submit the payment slip along with cheque/demand draft made payable to:

Resident Shareholders

Tata Steel Call Money - Escrow collection - R a/c

Non-Resident Shareholders

Tata Steel Call Money - Escrow collection - NR a/c

  1. The payment slip is enclosed herewith as Annexure 2.
  2. The shareholder must inter alia state the following details in the payment slip:
    1. Full Name of the Sole/First shareholder;
    2. Second Reminder-cum-Forfeiture Notice No.;
    3. DP ID-Client ID/Folio No.; and
    4. No. of partly paid-up equity shares.
  3. The payment slip along with the amount payable by cheque or demand draft must be presented at ICICI Bank Limited at any of the following locations during banking hours on or before Monday, July 19, 2021:

For Resident

Ahmedabad: ICICI Bank Ltd, JMC House, Opp. Parimal Gardens, Off C. G. Road,

Shareholders

Ambawadi, Ahmedabad - 380006, Gujarat; Bengaluru: ICICI Bank Ltd, 1, Shobha Pearl,

Commissariat Road, Off M. G. Road, Ground Floor, Bengaluru - 560025, Karnataka;

Chennai: ICICI Bank Ltd, 110, Prakash Presidium, Utthamar Gandhi Salai,

Nungambakkam High Road, Chennai - 600034, Tamil Nadu; Hyderabad: ICICI Bank Ltd,

6-2-1012, TGV Mansions, Opp. Institution of Engineers, Khairatabad, Hyderabad - 500004,

Telangana; Jamshedpur: ICICI Bank Ltd, Natraj Mansion, Main Road, Bistupur,

Jamshedpur - 831001, Jharkhand; Kolkata: ICICI Bank Ltd, 22, Sir R. N. Mukherjee Road,

Kolkata - 700001, West Bengal; Mumbai: ICICI Bank Ltd., 1st floor, 122, Mistry Bhavan,

Dinshaw Vachha Road, Backbay Reclamation, Churchgate, Mumbai - 400021,

Maharashtra; New Delhi: ICICI Bank Ltd, 9A, Phelps Building, Connaught Place, New

Delhi - 110001, Delhi; Pune: ICICI Bank Ltd, A Wing Shangrila Gardens, Bund Garden

Road Pune - 411001, Maharashtra; Surat: ICICI Bank Ltd, Platinum Plaza, Opp. V.T.

Choksi Law College, Athwalines, Surat - 395007, Gujarat; Vadodara: ICICI Bank Ltd, 42,

Haribhakti Society, Nr. Chakli Circle, O. P. Road, Vadodara - 390007, Gujarat

For Non-Resident

Mumbai: ICICI Bank Ltd., 1st floor, 122, Mistry Bhavan, Dinshaw Vachha Road, Backbay

Shareholders

Reclamation, Churchgate, Mumbai - 400021, Maharashtra

  1. Shareholders residing at locations where the ICICI Bank's collection centers are not available, may send their First and Final Call Money along with the completed payment slip by registered post/speed post/courier at the office of the Registrar:
    Link Intime India Private Limited (Unit: Tata Steel Limited), C-101, 247 Park, LBS Marg, Surya Nagar, Gandhi Nagar,
    Vikhroli West, Mumbai- 400083, Maharashtra, India, Tel No.: +91- 22 4918 6300, stating the requisite details along with Cheque/Demand Draft payable at Mumbai, such that the same are received on or before the last date of payment of the First and Final Call Money as mentioned in the Second Reminder cum Forfeiture Notice i.e. Monday, July 19 , 2021.
  2. Cheque / Demand Draft should be drawn on such bank, including Co-operative Bank, which is situated at and is a member or a sub-member of the Bankers' Clearing House located at the Centre where this Second Reminder-cum-Forfeiture Notice is presented. Outstation Cheques / Bank Drafts, Money Orders, and Postal Orders will not be accepted. Post-dated cheques will not be accepted and are liable to be rejected.
  3. Post the merger of certain Public-Sector Banks ("PSBs") with other banks, the cheques of the merged PSBs have become invalid effective April 1, 2021. Shareholders may please note that payment of First and Final Call Money made using cheques of such PSBs will not be accepted and payment of First and Final Call Money using such cheques will be rejected.
  4. After the last date of payment, i.e. Monday, July 19, 2021, Bank branches at the aforesaid locations will not accept any First and Final Call Money payment.
  5. The Company will not be liable for any delayed receipt and reserves the right to reject such delayed receipts.
  6. Payment slip should be complete in all respects. The payment slip found incomplete with regard to any of the particulars required to be given therein are liable to be rejected.

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Tata Steel Ltd. published this content on 22 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2021 17:20:02 UTC.