Tata Steel seeks shareholder OK for related party deals with Tata Cap, others
This story was originally published at 22:35 IST on 3 June 2026
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MUMBAI – Tata Steel Ltd. is seeking shareholder approval for a related party transaction limit of INR 150.60 billion for the financial year 2026-27 (Apr-Mar) to avail services from Tata Capital Ltd., a promoter group entity, as per the notice for the company's forthcoming annual general meeting issued Wednesday and filed with the stock exchanges. The steel manufacturer is also seeking shareholder approvals for related party transactions of up to INR 57.15 billion with the United Arab Emirates-based Tata International West Asia DMCC, and for combined related party transactions of INR 67 billion with Tata Steel UK Ltd. and Tata International West Asia in FY27.
In the case of Tata Capital, a subsidiary of Tata Steel's promoter company, Tata Sons Pvt. Ltd., Tata Steel will use the limit for factoring of receivables and leasing services with it. Tata Steel discounts with Tata Capital the sales receivables from its customers arising out of goods sold to them on credit and receives factoring of receivables services from Tata Capital for its small- and mid-sized debtors arising from regular business transactions, it said in the meeting notice. Tata Steel pays factoring charges to Tata Capital to avail these financial services.
Tata International West Asia is the UAE-based subsidiary of Tata Sons and a global trading and distribution company with major focus on steel markets in Europe, Asia, and Africa. Tata Steel UK is a wholly-owned subsidiary of Tata Steel.
The annual general meeting of Tata Steel is scheduled for Jul. 2. Wednesday, shares of Tata Steel closed at INR 211.89 on the National Stock Exchange, up 0.6% from Tuesday. End
Reported by Rajesh Gajra
Edited by Rajeev Pai
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