Tata Steel Limited — Others, 17-08-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Tata Steel announced that the Hon’ble High Court of Bombay has set aside a show cause notice related to the reassessment of taxable income for AY 2019-20. This notice was in connection with a ₹25,185.51 Cr loan waiver for the merged Tata Steel BSL Limited. The Court annulled the notice and all subsequent proceedings on technical grounds, not on merits. This is a positive development for shareholders as it removes a potential tax liability related to this specific reassessment, though future action is possible if legal precedents change.