Tata Communications Submits Commercial Paper Compliance Certificate for Q4 FY26
Tata Communications Limited filed its quarterly Commercial Paper compliance certificate for Q4 FY26, confirming proper utilization of ₹1,350 crore in outstanding CPs as of March 31, 2026. The company reported three active issuances with maturity dates in April and May 2026, all designated for working capital, debt repayment, and general corporate purposes, demonstrating full compliance with SEBI Master Circular requirements.

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Tata Communications Limited has submitted its quarterly compliance certificate to the National Stock Exchange and BSE Limited, confirming adherence to SEBI regulations for Commercial Papers issued during the quarter ended March 31, 2026. The telecommunications company filed the mandatory certificate on April 13, 2026, as required under SEBI Master Circular no. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
Commercial Paper Portfolio Details
The company reported three outstanding Commercial Papers with a combined face value of ₹1,350 crore as of March 31, 2026. The detailed breakdown of these instruments is presented below:
| ISIN | Date of Issue | Face Value (₹) | Maturity Date | End Use of Funds |
|---|---|---|---|---|
| INE151A14248 | January 14, 2026 | 300,00,00,000 | April 14, 2026 | Working Capital Purpose / Repayment of Debt (CPs / CC/WCDL / Short term loans) / General Corporate Purpose |
| INE151A14263 | March 25, 2026 | 750,00,00,000 | April 24, 2026 | Working Capital Purpose / Repayment of Debt (CPs / CC/WCDL / Short term loans) / General Corporate Purpose |
| INE151A14255 | February 20, 2026 | 300,00,00,000 | May 22, 2026 | Working Capital Purpose / Repayment of Debt (CPs / CC/WCDL / Short term loans) / General Corporate Purpose |
Regulatory Compliance Confirmation
Chief Financial Officer Kabir Ahmed Shakir certified that the proceeds from all Commercial Papers have been utilized strictly according to the purposes disclosed in the original disclosure documents. The company confirmed full compliance with listing conditions specified under Chapter XVII of the SEBI Master Circular for the reporting quarter.
Fund Utilization Framework
All three Commercial Paper issuances were designated for multiple corporate purposes including:
- Working capital requirements for operational activities
- Debt repayment covering Commercial Papers, cash credit facilities, working capital demand loans, and short-term borrowings
- General corporate purposes as per company requirements
Documentation and Authorization
Company Secretary and Compliance Officer Zubin Adil Patel submitted the initial compliance letter, while CFO Kabir Ahmed Shakir provided the detailed certificate with outstanding CP information. Both documents were digitally signed on April 13, 2026, ensuring proper authorization and regulatory compliance.
The submission demonstrates Tata Communications' commitment to maintaining transparency in its short-term funding operations and adherence to regulatory frameworks governing Commercial Paper issuances in the Indian capital markets.
Will Tata Communications need to issue new Commercial Papers or seek alternative funding sources after the April-May 2026 maturities of ₹1,350 crore?
How might the company's working capital requirements and debt refinancing strategy evolve in the upcoming quarters given the current CP portfolio structure?
What impact could potential changes in short-term interest rates have on Tata Communications' future Commercial Paper issuance costs and funding strategy?

































