Tata Steel Limited, the promoter of TRF Limited, has submitted a disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This annual declaration confirms that Tata Steel, along with any Persons Acting in Concert (PACs), has not created any new encumbrance, directly or indirectly, on its holdings in TRF Limited during the Financial Year 2025-26. This declaration is a routine compliance requirement for promoters of target companies to ensure transparency regarding share encumbrances.