Tata Teleservices (Maharashtra) Limited has announced the re-appointment of Mr Harjit Singh as Managing Director for an additional three-year term. The Board of Directors approved this decision at their meeting held on April 23, 2026, following recommendations from the Nomination and Remuneration Committee.

Official Board Resolution

Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company formally notified BSE Limited and National Stock Exchange of India Limited about the board decision. The re-appointment becomes effective from April 24, 2026, and will continue until April 23, 2029, subject to approval from the company's shareholders.

Leadership Profile and Strategic Vision

Mr Singh currently serves as Managing Director of both Tata Teleservices (Maharashtra) Limited and its holding company Tata Teleservices Limited. Under his leadership, the companies operate under the brand name Tata Tele Business Services (TTBS), offering comprehensive voice, data, and managed services to enterprises and carriers across the country.

His focus remains on positioning the company as a leading digital solutions provider in the MSME space, working to democratize digital technologies among Micro, Small and Medium Enterprises in India. The company has made significant progress in becoming an innovative, customer-centric, and growth-focused digital services entity under his guidance.

Professional Background and Experience

Mr Singh brings nearly three decades of experience across various business functions including P&L Management, Corporate Strategy & Planning, M&A, Business Development, and Operations in both domestic and international markets. He is an Officer of the 1996 batch of the Tata Administrative Services and has been associated with several Tata Group companies including Tata Housing, Tata AutoComp Systems, Tata Communications, and Neotel before joining TTL in 2012.

Educational Qualifications and Regulatory Compliance

Mr Singh holds a PGDM in Finance and Operations from IIM Ahmedabad and a BE in Mechanical Engineering from IIT Roorkee. The company has confirmed that Mr Singh is not debarred from holding the office of director by virtue of any SEBI order or any other regulatory authority. All required disclosures under Regulation 30 of SEBI Listing Regulations have been completed, and the information has been made available on the company's website at www.tatatelebusiness.com .

Tata Teleservices (Maharashtra) Limited has announced its financial results for the fourth quarter, demonstrating a remarkable operational and financial turnaround despite a slight decline in revenue. The company reported Q4 revenue of ₹3 billion compared to ₹3.1 billion in the previous year, while achieving a significant swing from loss to profitability with a net profit of ₹6 billion compared to a loss of ₹3.06 billion in the same period last year.

Q4 Financial Performance Overview

The company's latest quarterly results showcase comprehensive financial improvement across key profitability metrics, despite the revenue decline. The substantial swing from loss to profit, combined with enhanced operational efficiency, highlights the effectiveness of the company's cost optimization strategies and operational discipline in the telecommunications sector.

Operational Efficiency and Margin Expansion

Despite the revenue decline, the company's EBITDA performance demonstrates exceptional operational discipline and efficiency improvements. EBITDA increased to ₹1.62 billion from ₹1.52 billion year-over-year, representing healthy growth in operational cash generation. More notably, the EBITDA margin expanded significantly to 55.1% from 49.35% in the previous year, indicating superior cost management and operational leverage that more than offset the revenue impact.

Board Meeting and Regulatory Compliance

Earlier, the company had scheduled a Board of Directors meeting for April 23, 2026, to consider and approve the financial results for the fourth quarter and full year ended March 31, 2026. This notification was issued in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window and Corporate Governance

As part of standard corporate governance practices, Tata Teleservices (Maharashtra) Limited had implemented trading window restrictions for designated persons, which came into effect from April 1, 2026. These measures ensure compliance with insider trading prevention regulations and maintain transparency in corporate disclosures.

The strong financial turnaround, coupled with significant margin expansion and improved EBITDA performance, reflects the company's enhanced operational efficiency and strategic cost management, demonstrating its ability to maintain profitability despite revenue headwinds in the telecommunications sector.