TeleCanor Global Ltd expects normal business operations to resume by the end of July 2026 following the resolution of most differences with its workforce. The Board of Directors reviewed the status of the labour unrest at the company's operations and noted that the remaining issues are anticipated to be resolved shortly. This update was provided during the Board meeting held on July 11, 2026, at the registered office in Hyderabad.

Revised Valuation Report Approved

In furtherance of discussions held at the previous Board meeting on June 29, 2026, the Board considered and approved a revised valuation report regarding the company's land assets. The report was prepared in the correct format, duly taking into consideration survey numbers included in the prohibited list notified by the Government of Andhra Pradesh. The Board noted that the earlier valuation report dated December 9, 2025, contained an inadvertent error as it did not consider the prohibited survey numbers.

Consequently, the Board approved the adoption of the values reflected in the revised valuation report or the acquisition value of the respective assets, whichever is lower, for all relevant purposes. The valuation report dated December 9, 2025, stands withdrawn and shall not be relied upon henceforth.

Land Asset Details

The revised valuation covers land parcels located in Marripalem Village & Panchayat and Rajala Agraharam Village & Panchayat, Rambilli Mandal, Anakapalli District (formerly Visakhapatnam District), Andhra Pradesh. The total extent of the site considered for valuation is 38.91 Acres (157463.32 Sqm).

The report highlights that the subject property appears to be in the nature of salt pans and/or fishery ponds. Due to on-ground constraints, including accessibility limitations, no physical measurements or detailed boundary verification were undertaken. The valuation is subject to verification of title, land classification, and other relevant statutory records.

TeleCanor Global Limited has approved the opening of a new branch office in Yellamanchili, Andhra Pradesh, to expand its physical presence. The decision was taken during a board meeting held on June 29, 2026, which was preponed to 12:00 Noon at the company's registered office in Hyderabad. The board also addressed operational challenges, specifically noting a labour unrest situation and discussing steps to resolve it.

The Board of Directors approved the establishment of the branch office at Dabbiru Vari Street, Sivalayam Road, Yellamanchili- AKP (Dist.) – 531055. Alongside this expansion, the board reviewed the company's business operations and general affairs. The meeting, which commenced at 12:00 Noon and concluded at 1:45 PM, was chaired by Pilli Swetha, Whole Time Director.

Strategic asset management formed a key part of the agenda. The directors discussed the company's land bank situated at Rambili Mandal, Anakapalli District, Andhra Pradesh. The board approved a resolution regarding the valuation of this land, as well as potential commercial utilization and development opportunities.