Tata Teleservices (Maharashtra) Limited has been slapped with a financial disincentive of ₹2,00,000 by the Telecom Regulatory Authority of India (TRAI) for failing to meet mandated quality of service benchmarks. The penalty, communicated via an order dated June 08, 2026, pertains to alleged contraventions of the Standards of Quality of Service of Access (Wireline and Wireless) and Broadband (Wireline and Wireless) Service Regulations, 2024. The company disclosed this information to the stock exchanges on June 09, 2026, under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

The regulatory action specifically targets the company's broadband wireline services for the quarter ending June 2025. According to the disclosure, the financial disincentive was imposed due to an alleged failure to comply with two critical quality of service parameters. The company is accused of not meeting the benchmark for "Fault incidences (No. of faults per 100 subscribers) (≤5)" and "Fault repair within three working days (≥99%)".

Details of the Order

The order was received by the company at 03:51 pm on June 08, 2026. The table below outlines the key particulars of the regulatory action as submitted to the exchanges.

The company noted that the financial impact is limited to the amount of the penalty demanded. In its filing, Tata Teleservices (Maharashtra) Limited mentioned that it is currently reviewing the order and evaluating the next steps regarding the matter. The disclosure was made by Shinu Mathai, Chief Financial Officer, on behalf of the company.

Tata Teleservices (Maharashtra) Limited held its 31st Annual General Meeting on June 5, 2026, through video conferencing, passing all seven resolutions with the requisite majority. The meeting, chaired by Mr A. S. Lakshminarayanan, approved the audited financial statements for the financial year ended March 31, 2026, and the re-appointment of Harjit Singh as Managing Director. Shareholders also sanctioned material related party transactions with Tata Teleservices Limited and Tata Communications Limited, alongside the ratification of remuneration for cost auditors.

Voting Results

The resolutions were put to vote via remote e-voting and e-voting during the AGM. A total of 1,50,39,15,134 votes were polled, representing 76.93% of the outstanding shares. Promoter and Promoter Group held 1,45,36,72,327 shares, while Public Institutions and Public Non-Institutions held 5,36,84,023 and 44,75,71,377 shares respectively. Mr Vaibhav Dandawate, Partner of M/s. Makarand M. Joshi & Co., served as the Scrutinizer for the voting process.

Key Resolutions

The adoption of the audited financial statements received 99.99% of the votes polled in favour. The re-appointment of Harjit Singh, who retires by rotation, was approved with 98.90% of the votes in favour. His appointment as Managing Director was passed with 97.35% support from the shareholders. The resolution to ratify the remuneration of M/s. Sanjay Gupta & Associates, Cost Accountants, for the financial year ending March 31, 2027, was also approved with 99.98% of the votes in favour.

Related Party Transactions

Resolutions regarding material related party transactions with Tata Teleservices Limited and Tata Communications Limited were passed with 99.74% and 99.94% of the votes in favour respectively. As these were related party transactions, the Promoter and Promoter Group did not vote on these resolutions in compliance with Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Special Resolution

The special resolution for availing or acceptance of inter-corporate deposits or loans was passed with 99.95% of the votes in favour. The Promoter and Promoter Group abstained from voting on this resolution as well. The meeting concluded at 1220 hours IST, with the voting results uploaded on the company's website and the National Securities Depository Limited portal.