May 31 will be the date when TCS seeks shareholder approval for related party transactions that are worth over ₹8,000 crore with its subsidiaries and Tata’s son.
However, the new Sebi rules require companies to seek shareholder approval if RPT’s value exceeds ₹1,000 crore. This means the RPT’s with Tata Sons and its subsidiaries including Tejas Networks, Tata Motors and Jaguar land rover of TCS. According to a notification made by the software services firm to shareholders; revenue stood at Rs8336 crores in FY2024.
