Tata Steel Limited has announced comprehensive changes to its senior management structure through an official regulatory filing dated April 1, 2026. The company disclosed these appointments and re-designations in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Senior Management Restructuring

The organizational changes involve strategic repositioning of key leadership roles across critical business functions, effective April 2, 2026. The company has implemented three re-designations and one new appointment at the Vice President level, reflecting its focus on operational excellence and market leadership.

Leadership Profiles and Experience

Marketing and Sales Leadership

Mr. Ashish Anupam brings over three decades of steel industry experience to his new role as Vice President – Marketing and Sales. Previously serving as Vice President – Long Products since August 2022, he led one of the company's largest business verticals with a turnover exceeding USD 4.00 billion. His tenure included instrumental roles in the acquisition and turnaround of Usha Martin Ltd and Neelachal Ispat Nigam Limited (NINL), and leadership in establishing the first Electric Arc Furnace (EAF) in Ludhiana. These initiatives contributed to doubling Tata Steel's Long Products capacity to 6.40 MnT in FY26.

Procurement and Business Excellence

Mr. Peeyush Gupta transitions to Vice President - Group Strategic Procurement and Business Excellence, leveraging his extensive experience managing strategic sourcing operations. In his previous role, he oversaw procurement activities worth approximately USD 10.00 billion (INR 90,400.00 crore) in 2025, covering strategic raw materials, industrial gases, and IT services across Tata Steel's global operations. His supply chain responsibilities included managing annual expenditure of USD 2.00 billion (INR 16,500.00 crore) across shipping, integrated planning, and logistics operations.

Supply Chain Operations

Mr. Prabhat Kumar assumes the role of Vice President - Supply Chain, bringing over three decades of experience within the Tata Steel Group. His background encompasses extensive exposure across core business functions, with particular expertise in flat products marketing and sales. He has played significant roles in shaping strategies for key end-use segments including automotive and construction, while overseeing the launch of several new products responding to evolving market needs.

Downstream Operations

Mr. Ujjal Chakraborti has been appointed as Vice President Operations - Downstream, marking a new addition to the senior management team. An Electrical Engineer who joined Tata Steel in 1990 as a Graduate Trainee, he brings diverse operational experience across multiple divisions including CRM, Flat Products, Sinter Plant, Pellet Plant, and Tinplate Division. His leadership experience includes roles as Master Black Belt for ASPIRE, Chief CRC West, and various executive positions across different business units.

Regulatory Compliance

The appointments comply with SEBI's Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The regulatory filing was signed by Parvatheesam Kanchinadham, Company Secretary and Chief Legal Officer, confirming that none of the appointees have relationships with existing directors, ensuring compliance with governance requirements.

Tata Steel Limited has completed its strategic acquisition of Medica TS Hospital Private Limited, securing full ownership of the healthcare entity for ₹1.49 crore. The transaction, finalized on March 30, 2026, marks a significant step in the steel major's diversification into the healthcare sector.

Acquisition Details

The acquisition involved the purchase of securities from Manipal Hospitals Eastern India Private Limited, formerly known as Medica Hospitals Private Limited. The transaction was executed according to the terms of the Share Purchase Agreement signed on March 17, 2026.

Complete Ownership Achieved

Following the completion of this acquisition, Tata Steel Limited now holds 100% stake in both equity shareholding and Optionally Convertible Redeemable Preference Shares of Medica TS Hospital. This development transforms Medica TS Hospital into a wholly owned subsidiary of the company.

The acquisition represents Tata Steel's continued expansion beyond its core steel business, venturing into the healthcare infrastructure segment through this strategic investment.

Regulatory Compliance and Documentation

The company has made this disclosure in compliance with Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The transaction was formally communicated to both BSE Limited and National Stock Exchange of India Limited on March 30, 2026.

The acquisition documentation was signed by Parvatheesam Kanchinadham, Company Secretary and Chief Legal Officer of Tata Steel Limited, ensuring proper corporate governance and regulatory adherence throughout the transaction process. The initial disclosure regarding this acquisition was made on March 17, 2026, with the completion announcement following the successful closure of the transaction.