The merger between Tata Steel and The Tinplate Company of India is effective as of right now.

On Monday, Tata Steel Ltd announced that the plan to merge with The Tinplate Company of India Limited is now live as of January 15. In accordance with the amalgamation plan, Tata Steel had previously approved Friday, January 19, 2024, as the record date for the purpose of identifying The Tinplate Company of India shareholders who would be eligible to receive fully paid-up ordinary equity shares of Tata Steel in the share exchange ratio.  

The Tinplate Company of India Limited notified stock exchanges in a separate filing that, as a result of the merger, it has been merged into and with Tata Steel and dissolved without being wound up on and from the effective date. As a result, the key managerial personnel (KMP) of TCIL will no longer hold their positions and be the KMPs of TCIL.

The company and TCIL have today, January 15, 2024, filed the certified copies of the NCLT Mumbai Order and NCLT Kolkata Order, respectively, with the Ministry of Justice. This is to notify you that, having satisfied all the requirements outlined in Clause 9.1(h) (Definition of Effective Date) read with Clause 22 (Scheme conditional upon) of the Scheme of Amalgamation. 

Accordingly, the Scheme of Amalgamation has been operational as of right now, January 15, 2024 (the "Effective Date"), in accordance with Clause 8 (Effectiveness of the Scheme) read with Clause 9.1(h) (Definition of Effective Date) of the Scheme of Amalgamation. According to the Scheme of Amalgamation, on and from the Effective Date, TCIL stands dissolved without being wound up and amalgamated into and with the Company," Tata Steel continued.