Report Profile

Our 11^th Integrated Report

The report outlines its financial and non-financial performance, operations summary and stakeholder value creation.

Reporting principles

Statutory section

The financial and statutory data presented in the Integrated Report & Annual Accounts 2025–26 is in line with the requirements of the Companies Act, 2013 (including rules thereunder), the Indian Accounting Standards, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) and all applicable SEBI Circulars, and the Secretarial Standards issued by the Institute of Company Secretaries of India.

ESG parameters

The report on ESG parameters is prepared in accordance with the Integrated Reporting <IR> framework of the International Integrated Reporting Council (IIRC) (now consolidated into IFRS Foundation). It discloses performance against Key Performance Indicators (KPIs) relevant to Tata Steel, which are aligned with:

Independent assurance

Statutory section

Assurance on the financial statements has been provided by the statutory auditors, Price Waterhouse & Co. Chartered Accountants LLP. Further, the Board’s Report contains the Secretarial Audit Report and Report on Corporate Governance, provided by M/s Parikh & Associates, Practising Company Secretaries, giving assurance on compliance with the secretarial and governance requirements under the Companies Act, 2013, the SEBI Listing Regulations and other applicable SEBI Regulations.

ESG parameters

Reasonable and limited assurance on the agreed indicators in the Integrated Report including the Business Responsibility and Sustainability Report on a standalone basis (unless otherwise stated), has been provided by Price Waterhouse & Co. Chartered Accountants LLP in accordance with the Standard on Sustainability Assurance Engagements (SSAE) 3000, 'Assurance Engagements on Sustainability Information', and the Standard on Assurance Engagements (SAE) 3410, 'Assurance Engagements on Greenhouse Gas Statements', both issued by the Sustainability Reporting Standards Board of the Institute of Chartered Accountants of India (ICAI), and the International Standards on Assurance Engagements (ISAE) 3000 (Revised) 'Assurance Engagements other than Audits or Reviews of Historical Financial Information', and the ISAE 3410, 'Assurance Engagements on Greenhouse Gas Statements', both issued by the International Auditing and Assurance Standards Board (IAASB), as applicable. The subject matter, criteria, procedures performed, and opinion/conclusion are presented in the assurance reports which are available on our website at www.tatasteel.com or access here.

Scope and boundary for ESG parameters

The report on ESG (Environmental, Social and Governance) parameters describes Tata Steel’s business model, strategy, significant risks, opportunities, overall performance, related outcomes, and prospects for the year under review.

This report predominantly covers information with respect to Tata Steel Limited as well as its key subsidiary companies in India and overseas.

Key Managerial Personnel & Senior Management responsibility

This report has been reviewed by the Key Managerial Personnel of Tata Steel, including the Chief Executive Officer & Managing Director, the Executive Director & Chief Financial Officer, and the Company Secretary and Chief Legal Officer, along with the Senior Management of the Company.

Reporting period

The report covers the performance of Tata Steel Limited and subsidiaries and associates (including joint ventures) for FY2025-26.

Approach to materiality

This report focuses on material issues, factors that have the potential to significantly affect Tata Steel’s ability to create value in the short, medium, and long term and which are of most interest to investors and other stakeholders. Material issues are gathered from multiple channels and engagement forums across the organisation and external stakeholders. In 2023, Tata Steel updated its ESG material issues and incorporated them in its long-term plans.

Our stakeholders

Investors and Lenders
Customers
Government and Regulatory Bodies
Vendor Partners
Employees
Community
Media
Industry Bodies
Academic Bodies

Our capitals

Financial Capital
Intellectual Capital
Manufactured Capital
Human Capital
Social and Relationship Capital
Natural Capital

Forward-looking statements

Certain statements in this report regarding Tata Steel's business operations may constitute forward-looking statements. These include all statements other than statements of historical facts, including those regarding the financial position, business strategy, management plans and objectives for future operations.

Forward-looking statements can be identified by words such as 'believes', 'estimates', 'anticipates', 'expects', 'intends', 'may', 'will', 'plans', 'outlook', and other words of similar meaning in connection with a discussion of future operational or financial performance.

Forward-looking statements are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and that may be incapable of being realised, and as such, are not intended to be a guarantee of future results, but constitute the Company's current expectations based on reasonable assumptions. Actual results could differ materially from those projected due to various events, risks, uncertainties and other factors. Tata Steel neither assumes any obligation nor intends to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Actual results could differ materially from those projected in any forward-looking statements due to various events, risks, uncertainties and other factors.

Tata Steel neither assumes any obligation nor intends to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.