Tata Teleservices (Maharashtra) logo

Tata Teleservices (Maharashtra) MD, chairman, board of directors and AGM

NSE: TTMLBSE: 532371Telecom - ServicesSmall Cap

Formerly Hughes Tele.com (India)
Last close ₹37.68down ₹0.33 (0.87%)BSE ₹38.22

Share price at the NSE close on 23 Oct 2026. Previous close ₹38.01.

52-week range of traded prices to 23 Oct 2026
₹31.22Low, 30 Mar 2026₹58.25High, 3 Nov 2025
Market cap
₹7,366 Cr610th largest listed
P/E
24.6
P/E without one-offs
Lossover the last 12 months
P/B
Net worth zero or below
Dividend yield
Nonein the last 12 months
ROE
Net worth zero or below
ROCE
74.8%
Debt to equity
Net worth zero or below
Volume, NSE
16,69,64,9394.6% delivered

Tata Teleservices (Maharashtra) board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonAmur Swaminathan Lakshminarayanan
  • Managing directorHarjit Singh
  • Company Secretary and Compliance OfficerAmit Gupta

6 directors3 independent1 executive2 non-executive

  • Vaijayanti Ajit PanditIndependent · joined Mar 2025 · 15 months as independent · 5 listed boards · 5 as independent · 10 committee seats, 3 as chair
  • Narendra Damodar JadhavIndependent · joined Apr 2019 · reappointed Apr 2024 · 86 months as independent · 2 listed boards · 2 as independent · 5 committee seats, 2 as chair
  • Kumar RamanathanIndependent · joined Sep 2019 · reappointed Sep 2024 · 81 months as independent · 1 listed board · 1 as independent · 3 committee seats, 2 as chair
  • Nalin RanaNon-executive · joined Aug 2025 · 1 listed board · 2 committee seats
  • Amur Swaminathan Lakshminarayanan · ChairpersonNon-executive · joined Apr 2023 · 2 listed boards
  • Harjit Singh · Managing directorExecutive · joined Apr 2023 · reappointed Apr 2026 · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Ankur Verma, left 7 Aug 2025: Others
  • Hiroo Mirchandani, left 9 Mar 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 23 Apr 20266 of 6 present3 independent · 51 days in between
    • 2 Mar 20266 of 6 present3 independent · 40 days in between
    • 20 Jan 20266 of 6 present3 independent

  • Audit Committee

    Chair Kumar Ramanathan

    Vaijayanti Ajit Pandit, Narendra Damodar Jadhav, Nalin Rana

    • 23 Apr 20264 of 4 present3 independent · 92 days in between
    • 20 Jan 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Kumar Ramanathan

    Vaijayanti Ajit Pandit, Amur Swaminathan Lakshminarayanan

    • 23 Apr 20263 of 3 present2 independent · 51 days in between
    • 2 Mar 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Narendra Damodar Jadhav

    Nalin Rana, Harjit Singh

    • 12 Feb 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Narendra Damodar Jadhav

    Kumar Ramanathan, Harjit Singh

    • 12 Feb 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Sep 2026.

  • Price Waterhouse Chartered Accountants LLPPeer-review certificate valid to Nov 2026
1 earlier auditor
  • PwC Chartered Accountant LLPNamed in filings from Mar 2025 to Mar 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Tata Teleservices (Maharashtra) AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Tata Teleservices (Maharashtra) share news and announcements

Annual general meeting, 5 Jun 2026

9,71,720 shareholders on the register on 29 May 2026; present: 5 promoters and 69 others; votes counted by Vaibhav Dandawate / Makarand M. Joshi & Co..The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements of the Company for the financial year ended on March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.13%

    Turnout: all 76.93% · promoters 100.00% · institutions 89.54% · other public 0.49%

  2. Appointment of Harjit Singh (DIN:09416905), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    98.90% for1.10% against

    Against: promoters 0.00% · institutions 33.85% · other public 15.52%

    Turnout: all 76.93% · promoters 100.00% · institutions 89.54% · other public 0.49%

  3. Appointment of Harjit Singh (DIN:09416905) as Managing Director
    Ordinary
    97.35% for2.65% against

    Against: promoters 0.00% · institutions 82.15% · other public 14.70%

    Turnout: all 76.93% · promoters 100.00% · institutions 89.54% · other public 0.49%

  4. Ratification of payment of remuneration to M/s. Sanjay Gupta & Associates, Cost Accountants (Firm Registration No. 000212) for the financial year ending on March 31, 2027
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 15.66%

    Turnout: all 76.93% · promoters 100.00% · institutions 89.54% · other public 0.49%

  5. Material Related Party Transactions with Tata Teleservices Limited
    OrdinaryPromoters have an interest in it
    99.74% for0.26% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.05%

    Turnout: all 2.57% · promoters 0.00% · institutions 89.54% · other public 0.49%

  6. Material Related Party Transactions with Tata Communications Limited
    OrdinaryPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.28%

    Turnout: all 2.57% · promoters 0.00% · institutions 89.54% · other public 0.49%

  7. Availing/ Acceptance of Inter-Corporate Deposits/ Loan
    SpecialPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.24%

    Turnout: all 2.57% · promoters 0.00% · institutions 89.54% · other public 0.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 26 Oct 2025, 1 resolution

10,36,651 shareholders on the register on 12 Sep 2025; votes counted by Vaibhav Dandawate / Makarand M. Joshi & Co..The company's voting result (opens in a new tab)

  1. Appointment of Mr Nalin Rana (DIN:11211374) as a Non-Executive Non-Independent Director
    Ordinary
    98.35% for1.65% against

    Against: promoters 0.00% · institutions 47.96% · other public 4.66%

    Turnout: all 77.19% · promoters 100.00% · institutions 92.80% · other public 0.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 May 2025, 5 resolutions

10,64,853 shareholders on the register on 23 May 2025; present: 5 promoters and 80 others; votes counted by Omkar Dindorkar / MMJB & Associates LLP.The company's voting result (opens in a new tab)

  1. To receive, consider, and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.46%

    Turnout: all 77.06% · promoters 100.00% · institutions 87.93% · other public 0.59%

  2. To appoint a director in place of Amur Swaminathan Lakshminarayanan (DIN:08616830), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    99.35% for0.65% against

    Against: promoters 0.00% · institutions 19.12% · other public 5.32%

    Turnout: all 77.06% · promoters 100.00% · institutions 87.93% · other public 0.59%

  3. Appointment of Dr. Vaijayanti Pandit as an Independent Director
    Special
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 5.30% · other public 4.93%

    Turnout: all 77.06% · promoters 100.00% · institutions 87.93% · other public 0.59%

  4. Appointment of Secretarial Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.67%

    Turnout: all 77.06% · promoters 100.00% · institutions 87.93% · other public 0.59%

  5. Ratification of Cost Auditor’s Remuneration
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.38%

    Turnout: all 77.06% · promoters 100.00% · institutions 87.93% · other public 0.59%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Jun 2024, 4 resolutions

Present: 4 promoters and 76 others.The company's voting result (opens in a new tab)

  1. To receive, consider, and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.62%

    Turnout: all 76.78% · promoters 100.00% · institutions 93.61% · other public 0.56%

  2. To appoint a director in place of Ankur Verma (DIN: 07972892), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 4.53% · other public 12.20%

    Turnout: all 76.78% · promoters 100.00% · institutions 93.61% · other public 0.55%

  3. Re-appointment of Kumar Ramanathan as an Independent Director.
    Special
    99.82% for0.18% against

    Against: promoters 0.00% · institutions 5.32% · other public 12.19%

    Turnout: all 76.78% · promoters 100.00% · institutions 93.61% · other public 0.55%

  4. Ratification of Cost Auditor’s Remuneration.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.94%

    Turnout: all 76.78% · promoters 100.00% · institutions 93.61% · other public 0.55%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Jun 2023, 9 resolutions

Present: 5 promoters and 87 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements of the Company for the financial year ended on March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.82%

    Turnout: all 76.53% · promoters 100.00% · institutions 94.33% · other public 0.50%

  2. Appointment of Mr. Ankur Verma (DIN: 07972892), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.79% for0.21% against

    Against: promoters 0.00% · institutions 7.31% · other public 8.74%

    Turnout: all 76.53% · promoters 100.00% · institutions 94.33% · other public 0.49%

  3. Re-appointment of Dr. Narendra Damodar Jadhav (DIN:02435444), as a Non-Executive Independent Director of the Company for a further term with effect from April 1, 2024, upto May 27, 2028.
    Special
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 5.16% · other public 16.47%

    Turnout: all 76.53% · promoters 100.00% · institutions 94.33% · other public 0.49%

  4. Appointment of Amur Swaminathan Lakshminarayanan (DIN:08616830), as a Non-Executive Director of the Company, liable to retire by rotation.
    Ordinary
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 5.35% · other public 1.66%

    Turnout: all 76.53% · promoters 100.00% · institutions 94.33% · other public 0.49%

  5. Appointment of Harjit Singh (DIN:09416905), as a Director of the Company liable to retire by rotation.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.21% · other public 15.88%

    Turnout: all 76.53% · promoters 100.00% · institutions 94.33% · other public 0.49%

  6. Appointment of Harjit Singh (DIN:09416905), as the Managing Director of the Company for a period of three (3) years commencing from April 24, 2023, to April 23, 2026.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.07% · other public 15.90%

    Turnout: all 76.53% · promoters 100.00% · institutions 94.33% · other public 0.49%

  7. Ratification of payment of remuneration to M/s. Sanjay Gupta & Associates, Cost Accountants (Firm Registration No. 000212) for the financial year ending on March 31, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.37%

    Turnout: all 76.53% · promoters 100.00% · institutions 94.33% · other public 0.49%

  8. Material related party transactions with Tata Teleservices Limited for an aggregate value up to Rs. 200 Crores per annum for the FY 2024-2025, FY 2025-2026 and FY2026-2027.
    OrdinaryPromoters have an interest in it
    98.67% for1.33% against

    Against: promoters 0.00% · institutions 1.04% · other public 6.50%

    Turnout: all 2.17% · promoters 0.00% · institutions 94.33% · other public 0.49%

  9. Material related party transactions with Tata Communications Limited for an aggregate value up to Rs. 235 Crores per annum for the FY 2024-2025, FY 2025-2026 and FY 2026-2027.
    OrdinaryPromoters have an interest in it
    98.68% for1.32% against

    Against: promoters 0.00% · institutions 1.04% · other public 6.37%

    Turnout: all 2.17% · promoters 0.00% · institutions 94.33% · other public 0.49%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Jun 2022, 4 resolutions

Present: 5 promoters and 74 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements of the Company for the financial year ended on March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 76.58% · promoters 100.00% · institutions 90.45% · other public 0.41%

  2. Appointment of Ankur Verma (DIN: 07972892), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 8.55% · other public 22.62%

    Turnout: all 76.58% · promoters 100.00% · institutions 90.45% · other public 0.41%

  3. Re-appointment of Price Waterhouse Chartered Accountants LLP, as Statutory Auditors of the Company for a second term of five years to hold office from the conclusion of this 27th Annual General Meeting (‘AGM’) of the Company till the conclusion of the 32nd AGM to be held in the year 2027 on such remuneration as may be mutually agreed upon between the Board of Directors of the Company and the Auditors.MoreLess
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 2.20% · other public 14.50%

    Turnout: all 76.58% · promoters 100.00% · institutions 90.45% · other public 0.41%

  4. Ratification of payment of remuneration to M/s. Sanjay Gupta & Associates, Cost Accountants (Firm Registration No. 000212) for the financial year ending on March 31, 2023.
    Ordinary
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 1.33% · other public 14.84%

    Turnout: all 76.58% · promoters 100.00% · institutions 90.45% · other public 0.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Jun 2021, 4 resolutions

Present: 5 promoters and 145 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements of the Company for the financial year ended on March 31, 2021, together with the Reports of the Board of Directors and the Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.67%

    Turnout: all 74.67% · promoters 100.00% · institutions 0.00% · other public 1.21%

  2. Appointment of Mr. Thambiah Elango (DIN: 07973530), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.16%

    Turnout: all 74.67% · promoters 100.00% · institutions 0.00% · other public 1.21%

  3. Approval and Ratification of payment of remuneration to M/s. Sanjay Gupta & Associates, Cost Accountants (Firm Registration No. 000212) for the financial year ending on March 31, 2022
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.82%

    Turnout: all 74.67% · promoters 100.00% · institutions 0.00% · other public 1.20%

  4. Material Related Party Transactions between Tata Teleservices (Maharashtra) Limited and Tata Communications Limited
    OrdinaryPromoters have an interest in it
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.93%

    Turnout: all 6.79% · promoters 8.72% · institutions 0.00% · other public 1.21%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 16 Sep 2020, 10 resolutions

Present: 5 promoters and 84 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statements of the Company for the financial year ended on March 31, 2020, together with the Reports of the Board of Directors and the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.34%

    Turnout: all 74.54% · promoters 100.00% · institutions 0.00% · other public 0.71%

  2. Appointment of Mr. Ankur Verma (DIN:07972892), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.22%

    Turnout: all 74.54% · promoters 100.00% · institutions 0.00% · other public 0.71%

  3. Appointment of Mr. Kumar Ramanathan as an Independent Director
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.97%

    Turnout: all 74.54% · promoters 100.00% · institutions 0.00% · other public 0.71%

  4. Re-appointment of Mr. Srinath Narasimhan (DIN:00058133) as Managing Director with effect from February 1, 2020 till March 31, 2020
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.67%

    Turnout: all 74.54% · promoters 100.00% · institutions 0.00% · other public 0.71%

  5. Appointment of Mr. Srinath Narasimhan (DIN:00058133) as Non-Executive Director with effect from April 1, 2020
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.66%

    Turnout: all 74.54% · promoters 100.00% · institutions 0.00% · other public 0.71%

  6. Appointment of Mr. Harjit Singh as Manager and Key Managerial Personnel with effect from August 12, 2020 till August 11, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.94%

    Turnout: all 74.54% · promoters 100.00% · institutions 0.00% · other public 0.71%

  7. Ratification of remuneration of Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.64%

    Turnout: all 74.54% · promoters 100.00% · institutions 0.00% · other public 0.70%

  8. Issue of Non-Cumulative Redeemable Preference Shares - Series 6 on Preferential Basis
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.58%

    Turnout: all 54.96% · promoters 73.67% · institutions 0.00% · other public 0.71%

  9. Issue of Non-Convertible Debentures on Private Placement
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.56%

    Turnout: all 6.66% · promoters 8.72% · institutions 0.00% · other public 0.71%

  10. Material Related Party Transactions
    OrdinaryPromoters have an interest in it
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.62%

    Turnout: all 6.66% · promoters 8.72% · institutions 0.00% · other public 0.71%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 5 Jun 2026, 16 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of Audited Financial Statements of the Company for the financial year ended on March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon
    16 for0 against
  • Appointment of Harjit Singh (DIN:09416905), who retires by rotation and being eligible, offers himself for re-appointment.
    13 for0 against
  • Appointment of Harjit Singh (DIN:09416905) as Managing Director
    13 for0 against
  • Ratification of payment of remuneration to M/s. Sanjay Gupta & Associates, Cost Accountants (Firm Registration No. 000212) for the financial year ending on March 31, 2027
    13 for0 against
  • Material Related Party Transactions with Tata Teleservices Limited
    13 for0 against
  • Material Related Party Transactions with Tata Communications Limited
    16 for0 against
  • Availing/ Acceptance of Inter-Corporate Deposits/ Loan
    13 for0 against
10 proposals not matched to one resolution
  • 2) Reappoint Harjit Singh (DIN: 09416905) as Director, liable to retire by rotation.
    1 for0 against
  • 3) Reappoint Harjit Singh (DIN: 09416905) as Managing Director for three years from 24 April 2026.
    1 for0 against
  • 4) Ratify remuneration of Rs. 180,000 payable to Sanjay Gupta & Associates as cost auditors for FY27.
    1 for0 against
  • 5) Approve material related party transactions upto Rs. 2.0 bn with Tata Teleservices Limited (TTSL), holding company, from 2026 AGM till 2027 AGM.
    1 for0 against
  • 7) Approve material related party transactions for availing inter-corporate deposit (ICD) from Tata Teleservices Limited (TTSL), holding company, upto Rs. 200.0 bn.
    1 for0 against
  • Approve material related party transactions for availing inter-corporate deposit (ICD) from Tata Teleservices Limited (TTSL), holding company, upto Rs. 200.0 bn
    2 for0 against
  • Approve material related party transactions upto Rs. 2.0 bn with Tata Teleservices Limited (TTSL), holding company, from 2026 AGM till 2027 AGM
    2 for0 against
  • Ratify remuneration of Rs. 180,000 payable to Sanjay Gupta & Associates as cost auditors for FY27
    2 for0 against
  • Reappoint Harjit Singh (DIN: 09416905) as Director, liable to retire by rotation
    2 for0 against
  • Reappoint Harjit Singh (DIN: 09416905) as Managing Director for three years from 24 April 2026
    2 for0 against

Mutual fund votes, meeting of 26 Oct 2025, 15 fund houses

  • Appointment of Mr Nalin Rana (DIN:11211374) as a Non-Executive Non-Independent Director
    15 for0 against
4 earlier meetings

Mutual fund votes, meeting of 30 May 2025, 13 fund houses

  • To receive, consider, and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon
    13 for0 against
  • To appoint a director in place of Amur Swaminathan Lakshminarayanan (DIN:08616830), who retires by rotation and being eligible, offers himself for re-appointment
    13 for0 against
  • Appointment of Dr. Vaijayanti Pandit as an Independent Director
    Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual Fund, Nippon India Mutual Fund
    • Angel One Mutual FundGovernance Concern: Prolonged association at Group Level may impact independence.
    • Axis Mutual FundDr. (Ms.) Vaijayanti Pandit, 72, is Advisor, Welingkar Institute of Management Development and Research. She has over 45 years of experience in the field of Auto, Energy & Textile companies. The company proposes to appoint her as an Independent Director from 9 March 2025 till 11 January 2028. We note that she has been associated with the Tata Group since 31 March 2015. Given her association with the Tata group exceeding ten years, we classify her as non-independent. Hence, we are unable to support her appointment as Independent Director. The board must consider appointing her as a Non-Executive Non-Independent Director. We do not support the resolution.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Navi Mutual FundAppointment Compliant with law. Governance Concern: Prolonged association at Group Level.
    • HDFC Mutual FundDr. (Ms.) Vaijayanti Pandit, 72, is Advisor, Welingkar Institute of Management Development and Research. We do not support the appointment of Independent Directors if their aggregate tenure with the company or the group exceeds 10 years anytime during the proposed tenure as we believe that this is not in line with the spirit of the regulations. We do not support her appointment as Independent Director.
    • Nippon India Mutual FundGovernance Concern: Candidate Prolonged Association
    4 for9 against
  • Appointment of Secretarial Auditors
    13 for0 against
  • Ratification of Cost Auditor’s Remuneration
    13 for0 against

Mutual fund votes, meeting of 25 Jun 2024, 7 fund houses

  • To receive, consider, and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon.
    7 for0 against
  • To appoint a director in place of Ankur Verma (DIN: 07972892), who retires by rotation and being eligible, offers himself for re-appointment.
    7 for0 against
  • Re-appointment of Kumar Ramanathan as an Independent Director.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Proposed reappointment will lead to Prolonged association with the group
    • Nippon India Mutual FundProlonged association
    3 for4 against
  • Ratification of Cost Auditor’s Remuneration.
    7 for0 against

Mutual fund votes, meeting of 27 Jun 2023, 7 fund houses

  • Adoption of Audited Financial Statements of the Company for the financial year ended on March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon
    7 for0 against
  • Appointment of Mr. Ankur Verma (DIN: 07972892), who retires by rotation and being eligible, offers himself for re-appointment.
    7 for0 against
  • Re-appointment of Dr. Narendra Damodar Jadhav (DIN:02435444), as a Non-Executive Independent Director of the Company for a further term with effect from April 1, 2024, upto May 27, 2028.
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundProposed term will lead to prolonged association
    6 for1 against
  • Appointment of Amur Swaminathan Lakshminarayanan (DIN:08616830), as a Non-Executive Director of the Company, liable to retire by rotation.
    7 for0 against
  • Appointment of Harjit Singh (DIN:09416905), as a Director of the Company liable to retire by rotation.
    7 for0 against
  • Appointment of Harjit Singh (DIN:09416905), as the Managing Director of the Company for a period of three (3) years commencing from April 24, 2023, to April 23, 2026.
    7 for0 against
  • Ratification of payment of remuneration to M/s. Sanjay Gupta & Associates, Cost Accountants (Firm Registration No. 000212) for the financial year ending on March 31, 2024.
    7 for0 against
  • Material related party transactions with Tata Teleservices Limited for an aggregate value up to Rs. 200 Crores per annum for the FY 2024-2025, FY 2025-2026 and FY2026-2027.
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundOmnibus approval for more than one year
    6 for1 against
  • Material related party transactions with Tata Communications Limited for an aggregate value up to Rs. 235 Crores per annum for the FY 2024-2025, FY 2025-2026 and FY 2026-2027.
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundOmnibus approval for more than one year
    6 for1 against

Mutual fund votes, meeting of 28 Jun 2022, 5 fund houses

  • Adoption of Audited Financial Statements of the Company for the financial year ended on March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon.
    5 for0 against
  • Appointment of Ankur Verma (DIN: 07972892), who retires by rotation and being eligible, offers himself for re-appointment.
    5 for0 against
  • Re-appointment of Price Waterhouse Chartered Accountants LLP, as Statutory Auditors of the Company for a second term of five years to hold office from the conclusion of this 27th Annual General Meeting (‘AGM’) of the Company till the conclusion of the 32nd AGM to be held in the year 2027 on such remuneration as may be mutually agreed upon between the Board of Directors of the Company and the Auditors.MoreLess
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundInadequate disclosure
    4 for1 against
  • Ratification of payment of remuneration to M/s. Sanjay Gupta & Associates, Cost Accountants (Firm Registration No. 000212) for the financial year ending on March 31, 2023.
    Against Nippon India Mutual Fund
    • Nippon India Mutual FundLow audit fees
    4 for1 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeTelecom Regulatory Authority of IndiaSince 10 Apr 2026
    TTML has, under protest and without prejudice to its rights and submissions in the matter, remitted the entire Financial Disincentive amount of Rs. 64,000/ vis a vis TTML on 22.05.2026 through NEFT, in accordance with the instructions contained in the aforesaid Financial Disincentive Order.MoreLess
    At the filing before: Failure to curb the Unsolicited Commercial Communications (UCC) sent through Company’s network for the complaints as required under the Telecom Commercial Communications Customer Preference Regulations, 2018, for the Quarter ending June 2024. The Company is reviewing the Order and evaluating the next steps in this matter.MoreLess
  • Tax disputeTelecom Regulatory Authority of IndiaSince 8 Jun 2026
    TTML made without prejudice payment of Rs. 2,00,000/- against the aforesaid Financial Disincentive order on 29.06.2026.
    At the filing before: In terms of the TRAI Regulations, the Company is required to meet the QoS benchmarks for the broadband service in respect of each parameter specified under the Standards of Quality of Service of Access (Wireline and Wireless) and Broadband (Wireline and Wireless) Service Regulations, 2024 (06 of 2024) for Broadband (Wireline) Service for the quarter ending June, 2025. The financial disincentive of Rs. 2,00,000/- is imposed for alleged failure to comply with the QoS parameters for Broadband Services - “Fault incidences (No. of faults per 100 subscribers) (= 5)” and parameter “Fault repair within three working days (= 99%)” for Tata Teleservices (Maharashtra) Limited were allegedly not met. The Company is reviewing the Order and evaluating the next steps in this matter.MoreLess
  • Tax disputeCommissioner, CGST & Central Excise Commissionerate, BelapurSince 24 Jun 2026
    Appeal proposed to be filed by 23.09.2026.
    At the filing before: Alleged irregular or ineligible availment of Cenvat Credit during the financial years: 2009 - 10 to 2011 – 12. The Company does not agree with the Order and will take appropriate action(s) for the same.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.