Tata Steel said the NCLT pronounced its order on October 1, 2026. The scheme was proposed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
With the tribunal’s order, the scheme of amalgamation has been approved and sanctioned, the company said.
The disclosure follows Tata Steel’s earlier announcement dated July 31, 2024, regarding the proposed amalgamation. The company has also submitted a copy of the NCLT order, as uploaded on the tribunal’s website, to the stock exchanges.
Tata Steel gets favourable tax ruling
In a separate development, Tata Steel had on Tuesday said it received a favourable order from the Income Tax Appellate Tribunal (ITAT) in a tax dispute, allowing its claim for deduction of interest expenditure.
The company said the order would reduce its tax exposure in the matter by around ₹427 crore, from ₹1,901 crore to ₹1,474 crore.
Separately, Tata Steel said it had received a favourable order dated February 20, 2026, from the relevant authority for FY2008, allowing its claim for deduction of interest expenditure. The company said the tax exposure for FY2008 was ₹215 crore.
Following that order, Tata Steel said its tax exposure for FY2008 would fall from ₹1,901 crore to ₹1,686 crore, once the Assessing Officer gives effect to the order through a consequential order.
The company said it had made the required disclosure to the stock exchanges on February 28, 2026.
Also Read: Godrej Properties challenges revocation of Godrej Eternia environmental clearance