Tata Steel Limited has secured interim relief from the Jharkhand High Court, which granted a stay on all GST proceedings against the company on March 24, 2026. The development provides temporary respite to the steel major in a case involving substantial tax demands and penalties totaling over ₹1,100 crore.

Background of GST Dispute

The GST controversy stems from a show cause cum demand notice dated June 27, 2025, issued by the Office of the Commissioner (Audit), Central Tax, Ranchi. The notice proposed disallowance of Input Tax Credit for the period FY2018-19 through FY2022-23, citing contraventions under Section 74(1) of the Central Goods and Services Tax Act, 2017.

The company had already paid ₹514,19,36,211 in GST during the normal course of business, reducing the actual exposure to ₹493,35,47,131. Tata Steel submitted detailed responses within the prescribed timelines as required by the show cause notice.

Adjudication Order and Legal Challenge

On December 18, 2025, the Commissioner of CGST & Central Excise, Jamshedpur, Jharkhand, issued an adjudication order directing the company to pay the outstanding tax amount of ₹493,35,47,131, along with a penalty of ₹638,82,62,185 and appropriate interest on the total tax amount.

In response to this adverse order, Tata Steel filed a writ petition before the Jharkhand High Court on March 11, 2026, challenging the Commissioner's decision and seeking quashing of the order.

High Court Proceedings and Stay Order

The matter came up for hearing before the Jharkhand High Court on March 24, 2026. Based on the court order dated March 24, 2026, the High Court granted a comprehensive stay on all further proceedings relating to this GST matter until the next date of hearing.

The court has scheduled the writ petition for listing on April 15, 2026, when further arguments and proceedings will take place. This stay order effectively suspends any enforcement actions by the GST authorities during the interim period.

Regulatory Compliance and Official Disclosure

Tata Steel 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. The company had previously informed the exchanges about this matter through disclosures dated June 29, 2025, December 19, 2025, and March 12, 2026, maintaining transparency with stakeholders throughout the proceedings.

The official disclosure was signed by Parvatheesam Kanchinadham, Company Secretary and Chief Legal Officer, on March 25, 2026. The stay order provides the company with breathing room to present its case comprehensively before the High Court while protecting it from immediate enforcement actions during the pendency of the writ petition.

Tata Steel Limited has issued a regulatory disclosure regarding the publication of a newspaper advertisement for duplicate securities issuance, in accordance with Securities and Exchange Board of India (SEBI) requirements. The company filed this disclosure with both major stock exchanges on March 25, 2026, following the loss of original securities certificates by shareholders.

Regulatory Compliance Details

The advertisement was published pursuant to Regulation 30 read with Schedule III part A para A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows SEBI circular no. HO/38/13/11(3)2025-MIRSD-POD/I/1102/2025, dated December 24, 2025, which mandates listed companies to issue advertisements regarding loss of securities.

Stock Exchange Notification

Tata Steel formally notified both BSE Limited and National Stock Exchange of India Limited about the newspaper advertisement publication. The company provided copies of the advertisement to the listing departments of both exchanges as part of its regulatory obligations.

Duplicate Securities Notice

The newspaper advertisement specifically addresses the loss of securities certificates and the company's intention to issue duplicate certificates. The notice pertains to shareholders Veena Yogesh Kikani and Yogesh Kishandas Kikani, with folio number S1V0029035, involving 5,480 equity shares of Re.1/- each with distinctive numbers 76485231-76490710.

Corporate Governance and Transparency

The company has made the advertisement information available on its official website at www.tatasteel.com , ensuring transparency and easy access for stakeholders. This disclosure was signed by Parvatheesam Kanchinadham, Company Secretary and Chief Legal Officer, maintaining proper corporate governance protocols. Any person with claims regarding the said securities must lodge such claims with the company at its registered office within 15 days from the advertisement date.

Source: None/Company/IN9081A01010/ea354593-5936-4171-aa16-c85f127074de.pdf