Tata Steel Limited has officially announced the ‘Effective Date’ for its Scheme of Amalgamation with its wholly-owned subsidiary, Rujuvalika Investments Limited (RIL). The amalgamation, previously approved by the National Company Law Tribunal on October 1, 2026, has now become operative from November 3, 2026. This significant corporate restructuring follows the fulfillment of all stipulated conditions, including the filing of the certified NCLT Order with the Registrar of Companies.
Scheme of Amalgamation Becomes Effective
Tata Steel Limited has announced that the Scheme of Amalgamation amongst Tata Steel Limited and its wholly-owned subsidiary, Rujuvalika Investments Limited (RIL), has become operative. This pivotal development marks the official ‘Effective Date’ of the amalgamation, which is set as November 3, 2026.
Regulatory Filings and Approvals
The company confirmed that all conditions specified in Clause 9.1(h) and Clause 21 of the Scheme of Amalgamation have been met. Notably, RIL filed the certified copy of the NCLT Order with the Registrar of Companies, Mumbai, on October 28, 2026, which was subsequently approved. Following this, Tata Steel filed the certified copy of the NCLT Order with the ROC-MCA on November 3, 2026. These filings were made in compliance with Section 232 of the Companies Act, 2013.
Merger Details and Capital Structure
The Scheme of Amalgamation, sanctioned by the Hon’ble National Company Law Tribunal, Mumbai bench, on October 1, 2026, leads to an amendment in the Memorandum of Association of Tata Steel Limited. The authorized equity share capital of RIL, amounting to ₹1.55 crore, will be merged with Tata Steel’s authorized share capital. Consequently, the authorized share capital of Tata Steel will be increased to ₹32,621.05 crore, comprising Ordinary (Equity) Shares of face value ₹1 each.
This disclosure is made in accordance with applicable regulations, including Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
