Tata Communications declares ₹17.50 dividend at 40th AGM

Tata Communications declared a dividend of ₹17.50 per equity share for the financial year ended March 31, 2026, at its 40th Annual General Meeting (AGM) held on July 9, 2026. The meeting, conducted via two-way video conferencing, saw the appointment of Mr. Ganapathi S. Lakshminarayanan as the Managing Director and Chief Executive Officer. All resolutions were passed with the requisite majority through remote e-voting and e-voting during the AGM.

Key Resolutions and Voting Outcomes

The shareholders approved six ordinary resolutions, including the adoption of the audited standalone and consolidated financial statements for FY26. The ratification of the Cost Auditor’s remuneration for the financial year ending March 31, 2027, was also approved. The meeting also saw the re-appointment of Mr. N. Ganapathy Subramaniam as a Director, who retires by rotation.

Leadership Changes

The Board appointed Mr. Ganapathi S. Lakshminarayanan as the Managing Director & CEO and Mr. Siddhartha Mundra as the Chief Financial Officer. The Chairman acknowledged the contributions of former Managing Director & CEO Mr. A. S. Lakshminarayanan and former Chief Financial Officer Mr. Kabir Ahmed Shakir. Additionally, Mr. Vivek Manglik, Mr. Rupesh Chokshi, and Mr. Vivek Srivastava were appointed as Business Heads for Interaction Fabric, Network Services, and Cloud and Cybersecurity Services, respectively.

Financial Results Adoption

The members adopted the audited standalone and consolidated financial statements for the year ended March 31, 2026. The Chairman highlighted the company's strategic transformation into a digital solutions provider, driven by investments in cloud, cybersecurity, AI, and digital infrastructure. There were no qualifications or adverse remarks in the reports of the Statutory Auditor and the Secretarial Auditor.

Voting Summary

The following table summarizes the voting results for the key resolutions passed during the AGM:

Resolution Description	Votes For	Votes Against	% For	% Against
Adoption of Standalone Financial Statements	254,343,796	115	100.00	Negligible
Adoption of Consolidated Financial Statements	254,343,796	115	100.00	Negligible
Dividend Declaration	254,376,492	89	100.00	Negligible
Re-appointment of Director (Mr. N. Ganapathy Subramaniam)	249,490,631	4,833,274	98.10	1.90
Ratification of Cost Auditor’s Remuneration	254,321,405	2,500	100.00	Negligible
Appointment of MD & CEO (Mr. Ganapathi S. Lakshminarayanan)	253,280,298	1,043,607	99.59	0.41

The remote e-voting period commenced on July 5, 2026, and concluded on July 8, 2026. The Scrutinizer’s Report confirmed that all responses were valid and the voting process was conducted fairly. The meeting concluded at 13:43 hours (IST).

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.28%	-1.00%	-6.39%	+3.69%	+4.77%	+20.42%

Tata Communications announced strategic investments in subsea cable infrastructure to strengthen connectivity between the emerging AI hubs of Mumbai and Chennai in India and Singapore. These investments aim to address the growing bandwidth and AI-driven data demands of enterprises across Asia and globally by enhancing the Tata Global Network (TGN) capabilities. The India-Singapore subsea route is set to become a critical digital corridor, providing a high-capacity, low-latency pathway for enterprise, cloud, and hyperscaler traffic.

Strategic Capacity Enhancements

The company is enhancing its network through two primary initiatives involving significant fiber capacity acquisition. The first involves integrating a new subsea cable system between Mumbai and Singapore, while the second entails an investment as a consortium member in a new system connecting Chennai to Singapore with an expected Ready for Service (RFS) in Q4 2029. These additions are designed to create a high-capacity, low-latency pathway critical for real-time and AI-driven workloads. In 2025, the company integrated the TGN IA2 submarine cable to improve latency and reliability.

Network Infrastructure and Capabilities

The new cable systems will connect with Tata Communications' India terrestrial fiber network, providing seamless onward connectivity to other parts of the country and over 100 Data Centres nationwide. This integration enhances the company's IZO™ connectivity solutions, offering self-healing and self-provisioning capabilities across data centre and cloud ecosystems. The network currently spans over 500,000 km of subsea optical fiber and 200,000 km of terrestrial fiber.

Future Outlook

Genius Wong, Executive Vice President – Core and Next-Gen Connectivity Services, and Chief Technology Officer, stated that these investments reinforce the commitment to building future-ready digital infrastructure. The enhancements align with the long-term strategy to expand the global subsea network footprint and reinforce India's position as a digital hub, meeting the needs of the data centre ecosystem with scalable and reliable connectivity.