The Board of Directors, with the agreement of Corporate Governance, Nomination and Remuneration Committee, of Tata Steel (Thailand) Public Company Limited ("Company") in its meeting held on November 17, 2022, has passed the following resolutions: acknowledged the resignation of Mr. Peeyush Gupta, Chairman of the Board of Directors, Chairman of the Executive Committee and Member of the Corporate Governance, Nomination & Remuneration Committee and appointment of Mr. Ashish Anupam to be the Chairman of the Board of Directors, Chairman of the Executive Committee and Member of the Corporate Governance, Nomination & Remuneration Committee, effective from December 15, 2022. Appointment of Mr. Tarun Daga to be a Director, Member of the Executive Committee and Member of the CSR & Sustainability Committee, effective from December 15, 2022. In this regard, Mr. Tarun Daga will replace Mr. Ashish Anupam in the CSR & Sustainability Committee who will step down from the CSR & Sustainability Committee.

Appointment of Mr. Tarun Daga to be the President in place of Mr. Rajiv Mangal, effective from January 1, 2023. In this regard, Mr. Rajiv Mangal will continue to stay on the Board as a non-Executive Director.