Vodafone Idea Limited Discloses TRAI Penalty of Rs 21.46 Lakh for Q1FY25

Vodafone Idea Limited has submitted a disclosure to the National Stock Exchange of India Limited and BSE Limited regarding an order received from the Telecom Regulatory Authority of India (TRAI). The order, dated 17 April 2026, levies a financial disincentive of Rs 21,46,000 on the company under the Telecom Commercial Communications Customer Preference Regulations, 2018. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The regulatory action stems from violations related to the quarter ending June 2024. According to the details provided, the company failed to implement and enforce the required scrubbing mechanism and did not comply with provisions relating to unsolicited commercial communication under the Telecom Commercial Communications Customer Preference Regulations, 2018.

Key Details of the TRAI Order

S. No.	Particular	Information/ Remarks
1.	Name of the authority	Telecom Regulatory Authority of India
2.	Nature and details of the action(s) taken, initiated or order(s) passed	Order levying a financial disincentive of Rs. 21,46,000/- by the Telecom Regulatory Authority of India under Telecom Commercial Communications Customer Preference Regulations, 2018.
3.	Date of receipt of direction or order	17 April 2026
4.	Details of the violation(s)/ contravention(s)	Failure to implement / enforce scrubbing mechanism and non-compliance of provisions relating to unsolicited commercial communication for the quarter ending June 2024 under Telecom Commercial Communications Customer Preference Regulations, 2018.
5.	Impact on financial, operation or other activities	The maximum financial impact is to the extent of disincentive levied. The Company is reviewing the Order and evaluating the next steps in this matter.

Company Response

Vodafone Idea Limited has stated that it is currently reviewing the order and evaluating the next steps in this matter. The company confirmed that the maximum financial impact from this regulatory action is limited to the extent of the disincentive levied by TRAI. The disclosure was signed by Pankaj Kapdeo, Company Secretary of Vodafone Idea Limited, on 17 April 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.84%	+5.37%	+2.34%	+8.59%	+32.19%	+8.59%

Vodafone Idea Limited has disclosed to stock exchanges that it does not qualify as a Large Corporate under the Securities and Exchange Board of India's revised framework for fund raising through debt securities issuance. The disclosure was made in compliance with SEBI Circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023.

Credit Rating Status

The company's classification is based on its credit rating position as on March 31, 2026. According to the SEBI framework outlined in clause 3.2 of the circular, entities must maintain a credit rating of AA and above to qualify as Large Corporates.

Parameter	Details
Assessment Date	March 31, 2026
Highest Credit Rating	ICRA BBB
Required Rating for LC Status	AA and above
Current Classification	Not a Large Corporate

Regulatory Compliance

Under the SEBI framework titled 'Revision in the framework for fund raising by Issuance of Debt Securities by Large Corporate', companies that do not meet the credit rating threshold are exempt from specific reporting requirements. Since Vodafone Idea's credit rating falls below the AA threshold, the company is not required to submit reports in the prescribed format mandated for Large Corporates.

Company Communication

The disclosure was communicated to both the National Stock Exchange of India Limited and BSE Limited on April 13, 2026. Company Secretary Pankaj Kapdeo signed the communication, confirming the company's compliance with the regulatory disclosure requirements while clarifying its non-applicability to the Large Corporate framework due to the credit rating criterion.