Corporate Governance Report for the year 2013-14

Registrars and Transfer Agents

For Share related matters, Members are requested to correspond with the Company's Registrars and Transfer Agents – TSR Darashaw Private Limited quoting their folio no./DP ID & Client ID at the following addresses:

  1. For transfer lodgement, delivery and correspondence:
    TSR Darashaw Private Limited, Unit: Tata Steel Limited, 6-10, Haji Moosa Patrawala Industrial Estate, 20, Dr. E Moses Road, (Nr. Famous Studios) Mahalaxmi, Mumbai - 400 011. Tel.: 022-6656 8484; Fax: 022-6656 8494; E-mail: csg-unit@tsrdarashaw.com; Website: www.tsrdarashaw.com
  2. For the convenience of investors based in the following cities, transfer documents and letters will also be accepted at the following branches/agencies of TSR Darashaw Private Limited:
    1. 503, Barton Centre, 5th Floor, 84, Mahatma Gandhi Road, Bengaluru - 560 001. Tel.: 080-2532 0321; Fax: 080-2558 0019; E-mail: tsrdlbang@tsrdarashaw.com
    2. Bungalow No.1, "E" Road, Northern Town, Bistupur, Jamshedpur-831 001. Tel.: 0657-2426616; Fax: 0657-2426937; E-mail: tsrdljsr@tsrdarashaw.com
    3. Tata Centre, 1st Floor, 43, Jawaharlal Nehru Road, Kolkata-700 071. Tel.: 033-2288 3087; Fax: 033-2288 3062; E-mail: tsrdlcal@tsrdarashaw.com
    4. Plot No. 2/42, Sant Vihar, Ansari Road, Daryaganj, New Delhi-110 002. Tel.: 011-2327 1805; Fax: 011-2327 1802; E-mail: tsrdldel@tsrdarashaw.com
    5. Agent: Shah Consultancy Services Pvt. Limited: 3-Sumathinath Complex, Pritam Nagar, Akhada Road, Ellisbridge, Ahmedabad - 380 006. Telefax: 079-2657 6038; E-mail: shahconsultancy8154@gmail.com

Share Transfer System:

Share Transfers in physical form can be lodged with TSR Darashaw Private Limited at the above mentioned addresses. The transfers are normally processed within 10-12 days from the date of receipt if the documents are complete in all respects.Certain Directors and the Company Secretary are severally empowered to approve transfers.

Distribution of Shareholding of Ordinary Shares as on 31st March, 2014.
Shareholding Total No. of
Shareholders		 % to total holders Total No. of Shares % to total capital
31-03-2014 31-03-2013 31-03-2014 31-03-2013 31-03-2014 31-03-2013 31-03-2014 31-03-2013
1 to 100 6,52,868 6,96,371 64.58 65.26 2,41,19,641 2,57,12,108 2.48 2.64
101 to 500 2,82,702 2,94,483 27.96 27.60 6,08,54,028 6,30,07,698 6.27 6.49
501 to 1000 40,107 40,601 3.97 3.81 2,87,27,333 2,90,25,736 2.96 2.99
1001 to 10,000 33,100 33,359 3.27 3.13 7,95,38,342 7,98,28,315 8.19 8.22
10,001 and above 2,194 2,182 0.22 0.20 77,79,76,061 77,36,41,372 80.10 79.66
Total 10,10,971 10,66,996 100.00 100.00 97,12,15,405 97,12,15,229 100.00 100.00
Shareholding Pattern as on 31st March, 2014.
Particulars Number of shareholders Number of Ordinary Shares held Voting strength %
31-03-2014 31-03-2013 31-03-2014 31-03-2013 31-03-2014 31-03-2013
Tata Group Companies 24 24 30,45,14,362 30,45,14,362 31.35 31.35
Mutual Funds/UTI 293 307 3,00,39,253 3,28,27,764 3.10 3.38
Financial Institutions/Banks 357 373 46,85,564 49,91,974 0.48 0.52
Central & State Govt. & Govt. Cos. 7 7 1,22,659 1,21,659 0.01 0.01
Insurance Companies 151 148 21,18,36,995 22,66,93,084 21.81 23.34
Foreign Institutional Investors 515 511 14,90,77,592 13,45,27,705 15.35 13.85
Other Foreign holdings 14 10 11,36,130 2,24,519 0.12 0.02
Shares held by Custodians & against which Depository Receipts have been issued 1 1 2,88,75,320 2,17,38,923 2.97 2.24
Bodies Corporate 7,161 7,439 2,69,51,639 2,81,89,021 2.78 2.90
Individuals 10,02,448 10,58,176 21,39,75,891 21,73,86,218 22.03 22.39
Total 10,10,971 10,66,996 97,12,15,405 97,12,15,229 100.00 100.00

Top Ten Ordinary Shareholders of the Company as on 31st March, 2014

Serial
No.		 Name of Shareholder Total holdings Percentage to
capital
1 Tata Sons Limited 288,898,245 29.75
2 Life Insurance Corporation of India 144,493,458 14.88
3 ICICI Prudential Life Insurance Company Ltd. 11,092,350 1.14
4 National Insurance Company Ltd. 10,629,459 1.09
5 The New India Assurance Company Limited 10,614,993 1.09
6 Emerging Markets Growth Fund, Inc. 10,248,035 1.06
7 Dimensional Emerging Markets Value Fund 8,807,810 0.91
8 Stichting Pensioenfonds Abp 8,699,764 0.90
9 Government of Singapore 7,475,907 0.77
10 United India Insurance Company Limited 5,845,343 0.60

Dematerialisation of shares as on 31st March, 2014 and Liquidity

The Company's shares are compulsorily traded in dematerialised form and are available for trading on both the Depositories in India – National Securities Depository Limited (NSDL) and Central Depository Services (India) Ltd. (CDSL).

93,89,49,363, Ordinary Shares of the Company representing 96.68%, of the Company's share capital is dematerialised as on 31st March, 2014.

The Company's shares are regularly traded on BSE Limited and National Stock Exchange of India Limited, as is seen from the volume of shares indicated in the Table containing Market Information.

As per Clause 5A of the Listing Agreements with the Stock Exchanges, the details of shares in the suspense accounts of Link Intime India Pvt. Ltd., Registrars to the Issues are given below:

Issues Securities As on 1st April, 2013 Shareholders who
approached the
Registrars and Shares
transferred in their
favour during the year		 Balance as on
31st March, 2014
No. of
records		 No. of
shares		 No. of
records		 No. of
shares		 No. of
records		 No. of
shares
Rights Issue – 2007 Ordinary Shares 126 3,018 – – 126 3,018
Follow-on Public Issue – 2011 07 330 01 46 06 284

The voting rights in respect of the balance shares in the suspense accounts will be freezed, in the event of a poll at the general meetings of the Company.

Outstanding GDRs/ADRs/Warrants or any Convertible instruments, conversion date and likely impact on equity:

In November 2009, the Company had issued 5,469.35 numbers of 4.5% Foreign Currency Convertible Bonds (FCCBs) aggregating to USD 546.935 million. These represent 4,28,28,141 (31.03.2013: 4,25,96,510) underlying shares and are convertible at any time on or after 31st December, 2009 and upto 11th November, 2014 by the holders of such FCCBs at a conversion price of Rs.592.0385 per share (31.03.2013: Rs.595.2578 per share) and at a fixed USD/INR conversion rate of 46.36.

2,88,75,320 Shares (31.03.2013: 2,17,38,923) of face value of Rs.10 per share represent the shares underlying GDRs which were issued during 1994 and 2010. Each GDR represents one underlying Ordinary Share.

Major Plant Locations

Company's Steel Works CRM        
Bara, Tata Growth Shop and        
Tubes Division .. Jamshedpur (Jharkhand) Hooghly Met Coke .. Haldia (West Bengal)
Ferro Manganese Plant .. Joda (Odisha) Bearings Division .. Kharagpur (West Bengal)
Cold Rolling Complex .. Tarapur (Maharashtra) Charge Chrome Plant .. Bamnipal (Odisha)
Wire Division .. Tarapur (Maharashtra) Mines, Collieries & Quarries .. States of Jharkhand,
  .. Indore ( Madhya Pradesh)     Odisha
  .. Pithampur (Madhya Pradesh)      

Address for Correspondence:

Tata Steel Limited, Bombay House, 24, Homi Mody Street, Fort, Mumbai-400 001.

Phone: (022) 6665 8282, Fax: (022) 6665 7724, E-mail: cosec@tatasteel.com, Website: www.tatasteel.com

Corporate Identity Number - L27100MH1907PLC000260

10. Other information to the shareholders

Green Initiative

As a responsible corporate citizen, the Company welcomes and supports the ‘Green Initiative' taken by the Ministry of Corporate Affairs, Government of India, enabling electronic delivery of documents including the Annual Report, Quarterly, Half-yearly results etc., to shareholders at their e-mail address previously registered with the Depository Participants (DPs)/Company/Registrars & Transfer Agents.

Shareholders who have not registered their e-mail addresses so far are requested to register their e-mail addresses. Those holding shares in demat form can register their e-mail address with their concerned DPs. Shareholders who hold shares in physical form are requested to register their e-mail addresses with TSR Darashaw Private Limited, by sending a letter, duly signed by the first/sole holder quoting details of Folio No.

Depository Services

Shareholders may write to the respective Depository or to TSR Darashaw Private Limited for guidance on depository services. Address for correspondence with Depositories are as follows:

  1. National Securities Depository Limited – Trade World, A Wing, 4th & 5th Floors, Kamala Mills Compound, Senapati Bapat Road, Lower Parel, Mumbai-400 013. Telephone: (022) 2499 4200, Facsimile: (022) 2497 6351, E-mail: info@nsdl.co.in, Website: www.nsdl.co.in
  2. Central Depository Services (India) Limited – Phiroze Jeejeebhoy Towers, 17th Floor, Dalal Street, Mumbai-400 001. Telephone: (022) 2272 3333, Toll free: 1800-200-5533, Fax: (022) 2272 3199, E-mail: helpdesk@cdslindia.com, Website:www.cdslindia.com