Tata Steel filed its Business Responsibility and Sustainability Report (BRSR) for FY26, outlining its environmental, social, and governance (ESG) performance and commitment to achieving Net Zero emissions by 2045. The report, submitted pursuant to Regulation 34(2) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, includes an Independent Reasonable Assurance Report on BRSR Core indicators provided by Price Waterhouse & Co Chartered Accountants LLP.

The company reported consolidated revenue of ₹2,32,139.94 crore for FY26, with steel products contributing 95% of the turnover. Tata Steel’s operations span 124 locations in India and 66 outside India, serving 88 countries. The workforce comprises 73,215 employees and 1,87,997 workers on a consolidated basis, with women constituting 10.6% of the employee base.

Environmental Performance and Risks

Tata Steel identified greenhouse gas emissions and climate change management as a material strategic risk, necessitating a transition to low-emission steelmaking. The company reported total Scope 1 and Scope 2 emissions of 26,723,790 tonnes of CO2e on a standalone basis. To mitigate environmental impact, Tata Steel recycled about 4.6 million tonnes of scrap during the year and implemented Zero Effluent Discharge projects at several sites.

However, the report disclosed significant regulatory challenges at its Dutch subsidiary, Tata Steel Nederland (TSN). TSN received multiple notices alleging non-compliance with emission limits and paid more than €20 million in penalties in FY26 related to its coke and gas plants. The Environment Agency and the local Province issued a letter on April 23, 2026, indicating their intention to revoke operating permits and trigger an early closure of these plants.

Social and Governance Metrics

The report detailed that Tata Steel spent 0.22% of its consolidated revenue on employee and worker well-being measures. All permanent employees and workers are covered by health and accident insurance. The company reported a Lost Time Injury Frequency Rate (LTIFR) of 0.35 on a consolidated basis. Under the Prevention of Sexual Harassment Act, 23 complaints were upheld in FY26.

Tata Steel’s Board oversees ESG implementation through committees such as the Corporate Social Responsibility and Sustainability Committee and the Risk Management Committee. The company has adopted policies aligned with the National Guidelines on Responsible Business Conduct (NGRBC) and holds certifications including ISO 14001:2015, ISO 45001:2018, and SA8000:2014.

Key Financial and Operational Data

Tata Steel Limited has submitted its 11th Integrated Report & 119th Annual Accounts for FY2025-26 to the stock exchanges on June 3, 2026, pursuant to Regulations 34, 30, 51, 58 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms the company's 119th Annual General Meeting scheduled for Thursday, July 2, 2026, at 10:30 a.m. (IST) via Video Conferencing or Other Audio-Visual Means, with Friday, June 12, 2026 fixed as the record date for the proposed ₹4 per Ordinary Share dividend (400% of face value ₹1 each) for FY2025-26. If approved at the AGM, the dividend will be paid on and from Monday, July 6, 2026, exclusively through electronic mode.

Financial Performance

Tata Steel delivered robust consolidated financial results for FY2025-26, with consolidated revenue from operations at ₹2,32,140 crore, a 6% increase over ₹2,18,543 crore in FY2024-25. Consolidated EBITDA rose 35% year-on-year to ₹34,848 crore, representing a 15% EBITDA margin — an improvement of 320 basis points over the previous year. Consolidated Profit After Tax (PAT) stood at ₹10,886 crore, a 243% increase compared to ₹3,174 crore in FY2024-25. In Q4FY26, the company posted a net profit of ₹2,965 crore on revenue of ₹63,270.13 crore.

Operational Highlights

Tata Steel's India operations were a key performance driver, with crude steel production reaching a record ~23.4 million tonnes and deliveries of ~22.5 million tonnes — an 8% increase year-on-year. India revenues stood at ₹1,40,302 crore with EBITDA of ₹34,272 crore, reflecting a 17% year-on-year increase and a 24% EBITDA margin. The company's cost transformation programme delivered savings of ₹10,868 crore across geographies. A landmark milestone during the year was the commissioning of the Phase II expansion at Kalinganagar, involving a ₹27,000 crore investment that scaled the site's capacity from 3 MTPA to 8 MTPA. The company also inaugurated a 0.75 MTPA scrap-based Electric Arc Furnace at Ludhiana, Punjab — its first such facility in India.

In Europe, Tata Steel Nederland's EBITDA tripled to €267 million, while Tata Steel UK's EBITDA losses nearly halved to £217 million. The consolidated net debt was reduced to ₹80,144 crore, bringing the Net Debt to EBITDA ratio to 2.3x. Operating cash flows improved by 52% to ₹35,064 crore, aided by a working capital release of ₹5,442 crore. Liquidity remained robust at ₹45,237 crore.

Annual General Meeting Details

The 119th AGM will be held on Thursday, July 2, 2026, at 10:30 a.m. (IST) through Video Conferencing or Other Audio-Visual Means, in compliance with MCA Circulars and SEBI Listing Regulations. The remote e-voting period commences on Sunday, June 28, 2026, at 9:00 a.m. (IST) and concludes on Wednesday, July 1, 2026, at 5:00 p.m. (IST). The facility is being provided by National Securities Depository Limited. The AGM agenda includes adoption of standalone and consolidated financial statements, declaration of the ₹4 per share dividend, re-appointment of Mr. Koushik Chatterjee as Director retiring by rotation, ratification of cost auditor remuneration, and approval of material related party transactions with Tata Capital Limited, Tata International West Asia DMCC, and transactions between Tata Steel UK Limited and Tata International West Asia DMCC.

Tax Deduction and Compliance

Dividend income is taxable in the hands of shareholders under the Income Tax Act, 2025. The company will deduct tax at source (TDS) at applicable rates. Resident individuals with a valid PAN face a 10% rate if the dividend does not exceed ₹10,000 or Form 121 - Part A is submitted. Non-resident shareholders face a 20% withholding rate unless a valid Tax Residency Certificate and other documents are provided to claim benefits under Double Tax Avoidance Agreements. Shareholders must update their tax residential status, PAN, and other details with their depository participants or the Registrar and Transfer Agent before the record date of June 12, 2026.

Corporate Actions

The Board approved the acquisition of a 23% equity stake in TM International Logistics Limited (TMILL) from IQ Martrade Holding Und Management GmbH for ₹335 crore, increasing Tata Steel's holding to 74%. The Board also approved the amalgamation of Neelachal Ispat Nigam Limited (NINL) into and with Tata Steel Limited, subject to regulatory approvals. During FY2025-26, the company completed several strategic acquisitions including a 50.01% stake in Thriveni Pellets Private Limited for ₹635.13 crore, full ownership of Tata Steel Colors Private Limited (formerly Tata BlueScope Steel), and the acquisition of LAG Velsen B.V. (Vattenfall power plants in the Netherlands) for up to €140 million. The Integrated Report is available on the company's website at https://www.tatasteel.com/media/25902/tatasteel-iar-2025-26.pdf .

Source: https://lodr-files.dhan.co/lodr-inputs/Company/IN9081A01010/7ba9ac1d-3034-4325-8b39-a98aa2778188.pdf