Tata Steel Limited — Others, 12-05-2025: Statement of deviation/variation in use of Issue proceeds

The company has announced a board meeting to review the statement of deviation or variation in the use of issue proceeds. This update outlines how the funds raised through the issue have been utilized compared to the initially stated purposes. Clarifying deviations or variations helps maintain transparency and assures shareholders about the company’s adherence to its capital allocation plans, which is crucial for assessing management’s execution and the company’s financial discipline.