Mumbai: Ratan Tata stopped being a regular match at the annual shareholder meeting of the Company registered after he retired as their non-executive chairman in 2012.
But on Wednesday, he joined the Taha Steel General Meeting (AGM), surprising the company’s shareholders , , In a short speech at the GMS, which was held virtually, octimogenarian appreciates the company’s leadership for its financial performance in the Fiscal Year 2021.
He said that even though there were challenges and decreasing covid, steel resistance reached strong results and praised the displacement to melt the highest dividend.
Tata Steel will pay the RS 25 dividend per share that is fully paid.
Shareholders, who have been established with the company, will be happy, he said.
Patriarch said the company held a special place in his heart.
He remembered that he began his career at Tata Steel 57 years ago, working on the store floor for three years, and has witnessed a growing company since then.
Tata Steel, which was founded in 1907, made it one of the oldest orders, has seen some of the highest & lowest, profits & losses throughout its history.
Many Tata Steel shareholders, with some holding stock for two generations and before, were happy to see the former chairman at the meeting.
Before the Tata address to shareholders, the current steel chief of the steel N Chandrasekan said the company was at an important inflection point in its history and had the opportunity to create long-term value for stakeholders.
“With a stronger balance sheet, the agile team, a culture of disciplined operations and a strong market environment for steel throughout the world, the financial year today has a better promise to be better than the previous year,” Chandrase said.
Tata Steel recorded the highest free cash flow and Operating Profit Rs 23,748 Crore and Rs 30,892 Crore at Fiscal 2021.