Tata Steel Limited at its board meeting held on May 29, 2024, reviewed the financing plan of the Company and based on the review, approved issue of additional debt securities, in one or more tranches, up to INR 30,000 million in the form of Non-Convertible Debentures (NCDs) on private placement basis (Issue). Further, the Board of Directors has authorized a Committee of Directors to determine and approve the quantum, timing and terms and conditions of the issue of the NCDs.