MUMBAI: Ratan Bye He ceased to regularly attend annual shareholder meetings of listed Tata companies after he retired as non-executive chairman in 2012. But on Wednesday, he joined Tata Steel114th Annual General Meeting of (AGM), surprised the company’s shareholders.
In his brief speech at the AGM, which was held virtually, Octogenarian lauded the company’s leadership for its financial performance in FY21. He said that despite the Covid challenges and declining demand, Tata Steel achieved strong results and appreciated the distribution move. always the highest Dividend.
Tata Steel will pay a dividend of Rs.25 per fully paid-up share. He added that the shareholders who stand by the company will be delighted.
Tata’s mentor said the company holds a special place in his heart. He recalled that he started his career at Tata Steel 57 years ago, worked on the shop floor for three years and has seen the company grow since then.
Tata Steel, which was established in 1907, making it one of the oldest Tata companies, has seen many ups and downs, gains and losses throughout its history. Several Tata Steel shareholders, some of whom have held stock from two generations and earlier, were pleased to see the former chairman at the meeting.
Prior to Tata’s address to shareholders, current Tata Steel Chairman N Chandrasekharni The company is at a turning point in its history and has an opportunity to create substantial long-term value for its stakeholders.
Chandrasekaran said, “With a strong balance sheet, an agile team, disciplined operations culture and a strong market environment for steel across the globe, the current fiscal promises to be a spectacular year over the previous year. is.”
Tata Steel reported its highest ever free cash flow and operating profit of Rs 23,748 crore and Rs 30,892 crore in FY21.
In his brief speech at the AGM, which was held virtually, Octogenarian lauded the company’s leadership for its financial performance in FY21. He said that despite the Covid challenges and declining demand, Tata Steel achieved strong results and appreciated the distribution move. always the highest Dividend.
Tata Steel will pay a dividend of Rs.25 per fully paid-up share. He added that the shareholders who stand by the company will be delighted.
Tata’s mentor said the company holds a special place in his heart. He recalled that he started his career at Tata Steel 57 years ago, worked on the shop floor for three years and has seen the company grow since then.
Tata Steel, which was established in 1907, making it one of the oldest Tata companies, has seen many ups and downs, gains and losses throughout its history. Several Tata Steel shareholders, some of whom have held stock from two generations and earlier, were pleased to see the former chairman at the meeting.
Prior to Tata’s address to shareholders, current Tata Steel Chairman N Chandrasekharni The company is at a turning point in its history and has an opportunity to create substantial long-term value for its stakeholders.
Chandrasekaran said, “With a strong balance sheet, an agile team, disciplined operations culture and a strong market environment for steel across the globe, the current fiscal promises to be a spectacular year over the previous year. is.”
Tata Steel reported its highest ever free cash flow and operating profit of Rs 23,748 crore and Rs 30,892 crore in FY21.
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