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.

Tata Teleservices (Maharashtra) Limited has scheduled its 31st Annual General Meeting (AGM) for Friday, June 5, 2026, at 1100 hours (IST), to be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The notice was filed pursuant to Regulation 30 read with Para A, Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Annual Report for FY 2025-2026, including the AGM notice and statutory reports, is being dispatched electronically to members whose email addresses are registered with the Company, Registrar & Share Transfer Agent, or Depositories. In a compliance step, the company published newspaper advertisements on May 15, 2026, in Business Line (English) and Navshakti (Marathi), disclosing e-Voting details, the procedure for registering email addresses, and AGM information, pursuant to Regulation 30 and 47 read with Schedule III of the Listing Regulations. The disclosure was signed by Company Secretary & Compliance Officer Amit Gupta and made available on the Company's website at https://www.tatatelebusiness.com/newspaper-publications/ .

AGM Agenda: Ordinary and Special Business

The AGM will transact the following businesses, with remote e-Voting commencing on Tuesday, June 2, 2026 (0900 hours IST) and closing on Thursday, June 4, 2026 (1700 hours IST). The cut-off date for determining voting eligibility is Friday, May 29, 2026.

Ordinary Business:

• Adoption of audited financial statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors.
• Re-appointment of Harjit Singh (DIN: 09416905) as a Director, who retires by rotation.

Special Business:

• Re-appointment of Harjit Singh as Managing Director for a period of three years commencing April 24, 2026, to April 23, 2029, without remuneration.
• Ratification of remuneration of M/s Sanjay Gupta & Associates, Cost Accountants, as Cost Auditors for FY 2026-2027.
• Approval of material related party transactions with Tata Teleservices Limited (TTSL).
• Approval of material related party transactions with Tata Communications Limited (TCL).
• Approval for availing/accepting Inter-Corporate Deposits (ICDs)/Loans from TTSL.

Key Resolutions: Related Party Transactions and ICD Approval

The company's annual consolidated turnover for FY 2025-2026 is ₹1,160.23 Crores, resulting in a materiality threshold of ₹116 Crores under Schedule XII of the Listing Regulations. The following material related party transactions require shareholder approval:

The proposed transactions with TTSL cover recovery and allocation of costs, inter-usage connectivity charges, bandwidth leasing, purchase and sale of inventory, lease income and expenses, network rack sharing, trademark fees, and other miscellaneous items, with an indicative total of ₹200 Crores. The proposed transactions with TCL span service income, inter-usage connectivity charges, lease line bandwidth charges, internet lease line charges, synergy large enterprise services, infrastructure sharing, IRU and O&M service charges, and other items, with an indicative total of ₹235 Crores.

For the ICD/Loan facility, the proposed aggregate outstanding amount not exceeding ₹20,000 Crores (including existing ICDs drawn and outstanding as on March 31, 2026) is to be drawn in one or more tranches, payable on demand, at an interest rate of 0.01% per annum, on an unsecured basis. The value of proposed ICD transactions during the financial year is ₹9,000 Crores (in one or more tranches).

Managing Director Re-Appointment

Harjit Singh (DIN: 09416905), who has served as Managing Director since April 24, 2023, is proposed for re-appointment for a further period of three years from April 24, 2026, to April 23, 2029. He will not draw any remuneration from the Company in this capacity. Harjit Singh holds 3,400 equity shares of the Company and is also the Managing Director of Tata Teleservices Limited. He holds a PGDM in Finance and Operations from IIM Ahmedabad and a BE (Mechanical) from IIT Roorkee, with over 31 years of experience in P&L Management, Corporate Strategy & Planning, M&A, and Business Development.

Cost Auditor Remuneration

The Board of Directors, on the recommendation of the Audit Committee, has approved the re-appointment of M/s Sanjay Gupta & Associates, Cost Accountants (Firm Registration Number 000212), as Cost Auditors for FY 2026-2027 at a remuneration of ₹1,80,000/- (Rupees One Lakh Eighty Thousand Only), plus applicable taxes and actual out-of-pocket expenses not exceeding 5% of the remuneration. Shareholder ratification of this remuneration is sought as an Ordinary Resolution.

Financial Highlights for FY 2025-2026

The company's key financial results for the financial year ended March 31, 2026, are summarised below:

Revenue from operations for FY 2025-2026 was ₹1,160 Crores, comprising ₹1,150 Crores from telecommunication services and ₹10 Crores from infrastructure sharing. EBITDA improved by 8% year-on-year. The net loss narrowed to ₹215 Crores from ₹1,275 Crores in the previous year, primarily due to exceptional items of ₹655 Crores, which included a write-back of AGR-related provisions of ₹666.70 Crores following the receipt of DoT's final AGR outstanding schedule. No dividend has been recommended for FY 2025-2026 in view of accumulated losses.

E-Voting and AGM Participation Details

Members holding shares as on the cut-off date of Friday, May 29, 2026, are eligible to vote. The AGM will be accessible through NSDL's e-Voting platform at www.evoting.nsdl.com . Members wishing to speak at the AGM may pre-register by sending a request from their registered email address between Friday, May 29, 2026 (0930 hours IST) and Monday, June 1, 2026 (1700 hours IST). The Scrutiniser appointed is Vaibhav Dandawate (Membership No. A51538/CP No. 27947), failing him, Deepti Kulkarni (Membership No. A34733/CP No. 22502), partners of M/s Makarand M. Joshi & Co., Practicing Company Secretaries. The Annual Report for FY 2025-2026 is available on the Company's website at www.tatatelebusiness.com .