Tata Teleservices (Maharashtra) Limited has filed its Business Responsibility and Sustainability Report for the financial year 2025-2026 with the stock exchanges. The submission, made on May 13, 2026, is in compliance with Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report forms part of the company's 31st Annual Report for FY 2025-2026.

Environmental Performance

The company reported significant progress in its environmental sustainability initiatives during the year. TTML achieved Zero Waste to Landfill Certification (Maturity Level: Silver) for its Turbhe and Pune offices by diverting over 90% of waste from landfills. A rainwater harvesting structure implemented at two facilities has created a water replenishment potential of approximately 21 lakh litres per annum. Additionally, municipal water demand was reduced by 16% in the past year through wastewater recycling and efficiency measures.

TTML is advancing its decarbonisation strategy with a 6.7 MW Group Captive Renewable Energy Power Plant in Maharashtra, expected to be operational in FY27. The company also installed 13 CPCB-compliant DG sets and one Retrofit Emission Control Device (RECD) to minimise air emissions. Its headquarters in Navi Mumbai hosts 156 trees, sequestering an estimated 98.8 metric tonnes of carbon dioxide annually.

Social and Governance Metrics

The company disclosed its workforce composition and governance structure for FY26. TTML employed a total of 517 employees, comprising 445 male and 72 female staff members. The Board of Directors includes six members, with one female director representing 17% of the board. The company reported that no workers were employed during the financial year.

On the governance front, TTML established an ESG Committee at the Board level on April 23, 2026, to oversee sustainability issues. The company reported a turnover of ₹1,160.23 crore for the year. It also noted that it had received reasonable assurance for its BRSR from BSI Group Pvt. Ltd.

Financial and Regulatory Disclosures

The report detailed financial metrics and regulatory compliance. The company's paid-up capital stood at ₹19,549,277,270. TTML reported that it did not have any entities forming part of its consolidated financial statements and operates on a standalone basis. The company also disclosed that it is not applicable for Corporate Social Responsibility (CSR) requirements as it did not make profits in the past three financial years.

The BRSR highlights TTML's commitment to responsible business conduct, focusing on customer satisfaction, business ethics, data privacy, and human capital development. The full report is available on the company's website.

The Board of Directors of Tata Teleservices (Maharashtra) Limited approved the company's audited financial results for the fourth quarter and financial year ended March 31, 2026, at a meeting held on April 23, 2026. The board meeting commenced at 13:00 hours IST and concluded at 14:20 hours IST, with the company reporting significant improvements in its financial performance.

Financial Performance Overview

The company demonstrated a remarkable turnaround in Q4 FY26, posting a profit of ₹580.93 crores compared to a loss of ₹306.42 crores in the corresponding quarter of the previous year. For the full financial year FY26, the net loss narrowed substantially to ₹215.30 crores from ₹1,275.32 crores in FY25, representing a significant improvement of over 83%.

Exceptional Gains from AGR Provision Adjustments

The fourth quarter performance was primarily driven by an exceptional gain of ₹666.80 crores, largely attributed to a write-back of provisions amounting to ₹666.70 crores. This adjustment followed the Department of Telecommunications sharing final AGR outstanding amounts, allowing the company to reassess its provisions relating to License fee and Spectrum Usage Charges including penalty and interest.

Operational and Strategic Developments

During FY26, the company reassessed the useful life of certain network assets, extending it from 18 years to 25 years based on internal assessment and technical evaluation. This revision reduced the depreciation charge by ₹23.91 crores for the year. The company also recognized expenses of ₹3.90 crores on vendor reconciliation related to the Consumer Mobility Business demerged in 2019.

Regulatory Compliance and Auditor Opinion

Pursuant to Regulation 33 of SEBI Listing Regulations, the financial results were signed by Managing Director Harjit Singh and audited by Price Waterhouse Chartered Accountants LLP, who issued an unmodified opinion. The results were also published in Business Line (English) and Navshakti (Marathi) on April 24, 2026, in compliance with Regulation 47(4) requirements.

Balance Sheet Position and Going Concern

Total assets stood at ₹1,341.03 crores as of March 31, 2026, compared to ₹1,303.79 crores in the previous year. Despite accumulated losses exceeding paid-up capital and reserves, the company received a support letter from its ultimate holding company indicating necessary financial actions to address any liquidity shortfall during the 12-month period from the balance sheet date, enabling preparation of results on a going concern basis.