SRF Ltd Enters MoU with Tata Steel Special Economic Zone Limited for Land Acquisition in Orissa

SRF Limited has entered into a Memorandum of Understanding (MoU) with Tata Steel Special Economic Zone Limited (TSSEZL) on 12th September, 2025. The purpose of this agreement is the acquisition of land by way of sub-lease at Gopalpur, District Ganjam in the State of Orissa, for setting up various projects by the Chemicals Business. The transaction value is approximately Rs. 282 Crores excluding taxes. This MOU permits conduct of necessary due diligence and grants the right to appoint directors, first right to share subscription in case of issuance of shares, and the right to restrict any change in capital structure etc. The agreement does not involve any related parties or related party transactions.