on Jul 01, 2021)Mumbai: Ratan Tata stopped being a regular fixture at the annual shareholder meetings of listed Tata companies after he retired as their non-executive chairman in 2012. But on Wednesday, he joined ’s 114th annual general meeting (AGM), surprising the company’s shareholders.
In his brief speech at the AGM, which was held virtually, the octogenarian appreciated the company’s leadership for its financial performance in fiscal 2021. He said that despite Covid challenges and drop in demand, Tata Steel achieved strong results and commended the move to disburse the highest-ever dividend. Tata Steel will pay a dividend of Rs 25 per fully paid share. Shareholders, who have stood with the company, will be happy, he said. The Tata patriarch said the company holds a special place in his heart. He recalled that he began his career in Tata Steel 57 years ago, working on the shop floor for three years, and has watched the company grow since then.
