Tata Capital shareholders approve related party transaction with Tata Steel
Tata Capital secured shareholder approval for Material Related Party Transactions with Tata Steel Limited through a postal ballot process concluding on June 4, 2026. The resolution passed with 99.98% of votes in favour, with strong support from public institutions and non-institutional shareholders, while promoters abstained. The results, scrutinized by M/s. Parikh & Associates, were submitted to the stock exchanges on June 5, 2026.
*this image is generated using AI for illustrative purposes only.
Tata Capital shareholders have approved the Material Related Party Transaction(s) with Tata Steel Limited through a postal ballot process. The resolution received 99.98% of the votes in favour, authorizing the company to proceed with the transactions. The approval was secured via remote e-voting, which concluded on June 4, 2026.
The postal ballot was conducted under the provisions of Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations. M/s. Parikh & Associates, Practicing Company Secretaries, oversaw the process to ensure transparency. The remote e-voting facility was provided by the National Securities Depository Limited (NSDL).
A total of 12,63,871 shareholders were eligible to vote as on the cut-off date of May 1, 2026. The voting period commenced on May 6, 2026, and concluded on June 4, 2026. The results were declared on June 5, 2026, and subsequently submitted to the BSE Limited and National Stock Exchange of India Ltd.
Voting Results Summary
The resolution received overwhelming support from public institutions and non-institutional shareholders. Promoters did not participate in the voting process. The detailed voting pattern is as follows:
| Category | Shares Held | Votes Polled | Votes in Favour | Votes Against | % in Favour |
|---|---|---|---|---|---|
| Promoter and Promoter Group | 3,62,55,54,447 | 0 | 0 | 0 | 0.0000 |
| Public Institutions | 35,98,09,854 | 29,18,45,399 | 29,18,45,399 | 0 | 100.0000 |
| Public Non Institutions | 25,95,04,736 | 37,98,238 | 37,52,401 | 45,837 | 98.7932 |
| Total | 4,24,48,69,037 | 29,56,43,637 | 29,55,97,800 | 45,837 | 99.9845 |
Scrutinizer's Report
P. N. Parikh of Parikh & Associates was appointed as the Scrutinizer. The report confirmed that 5,709 members voted in favour of the resolution, representing 2,95,59,7800 shares, while 225 members voted against it, representing 45,837 shares. No invalid votes were recorded during the process. The scrutinizer certified that the voting was conducted fairly and in accordance with the applicable regulations.
Historical Stock Returns for Tata Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.71% | +2.17% | -3.77% | -3.96% | -5.43% | -5.43% |
What are the specific financial terms of the Material Related Party Transaction between Tata Capital and Tata Steel?
How will this transaction impact Tata Capital's liquidity and capital allocation strategy in the upcoming fiscal year?
What synergies are expected to arise from this partnership between Tata Capital and Tata Steel?
18
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
