Vodafone Idea (Vi) shares are in the spotlight as the Supreme Court prepares to deliver its verdict on the telecom company's plea against an additional Adjusted Gross Revenue (AGR) demand of ₹9,450 crore by the Department of Telecom (DoT). This ruling could have significant implications for the debt-laden telecom operator.

Key Points of the AGR Dues Dispute

Government Stake and Support

The Centre currently holds a 49% stake in Vodafone Idea, following the conversion of approximately ₹53,000.00 crore of dues into equity under a 2021 support package. However, the government has indicated that it is not considering extending additional relief to the financially-stressed company.

Recent Stock Performance

The upcoming Supreme Court verdict is crucial for Vodafone Idea, as it could significantly impact the company's financial obligations and future outlook. Investors and industry observers are closely watching this development, given Vi's current financial challenges and the competitive landscape of the Indian telecom sector.

As the telecom industry awaits this pivotal decision, the outcome could have far-reaching consequences not only for Vodafone Idea but potentially for the broader telecom market in India.

Vodafone Idea Limited (VIL), one of India's leading telecom operators, has announced significant changes in its top management. The company's Board of Directors has approved the appointment of Tejas Mehta as the new Chief Financial Officer (CFO), effective October 6, 2025, and is seeking shareholder approval for the appointment of Abhijit Kishore as Chief Executive Officer.

New CEO Appointment

The Board of Directors has approved a draft Postal Ballot Notice seeking shareholder approval for the appointment and remuneration of Abhijit Kishore as Chief Executive Officer. Kishore has been appointed to the CEO role for a three-year term effective August 19, 2025.

Voting Process

• Shareholders on record as of October 3, 2025, are eligible to vote on the resolution.
• The company has appointed Umesh Ved & Associates as the scrutinizer for the postal ballot process.
• The e-voting period is scheduled from October 13 to November 11, 2025.
• Results are expected to be declared on November 12, 2025.

New CFO Brings Extensive Experience

Tejas Mehta, aged 49, joins Vodafone Idea with a wealth of experience in finance and business management. Prior to this appointment, Mehta served as the CFO of Mondelēz India, where he played a crucial role in driving consistent business growth amidst challenging macroeconomic conditions.

Career Highlights

• Qualification: Chartered Accountant (1997)
• Experience: Over 25 years across India and international markets
• Previous Roles:
  • CFO at Mondelēz India
  • Group Finance Controller in London
  • Finance and IS Director (CFO) in Thailand
  • CFO in Turkey
  • Supply Chain Management for Asia Pacific, Middle East, and Africa

Mehta's career journey began at Marico Industries before he joined Mondelez India in 2002 as a Treasury Manager. Over two decades with Mondelez, he held various senior positions, showcasing his ability to lead large P&Ls through periods of growth, transformation, and integration.

Board Approval and Regulatory Compliance

The CFO appointment was approved by Vodafone Idea's Board of Directors on October 3, 2025, based on recommendations from the Audit Committee and Nomination and Remuneration Committee. This change in key managerial personnel was disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transition in Leadership

• Outgoing CFO: Murthy GVAS will conclude his tenure on October 5, 2025
• Incoming CFO: Tejas Mehta will assume the role on October 6, 2025

Expectations and Challenges

As Tejas Mehta prepares to take on the role of CFO at Vodafone Idea, he brings a strong track record of financial leadership and experience in navigating complex business environments. His expertise in building regional Centres of Excellence, strengthening business processes, and driving global initiatives in functional excellence and talent development is expected to be valuable for Vodafone Idea as it continues to navigate the competitive telecom landscape in India.

The telecom sector in India has been facing various challenges, including intense competition and regulatory pressures. Mehta's diverse international experience and proven ability to drive growth in challenging environments could prove crucial for Vodafone Idea's financial strategy and operational efficiency in the coming years.

As the company moves forward with these transitions in its top leadership, stakeholders will be keen to see how Abhijit Kishore as CEO and Tejas Mehta as CFO contribute to Vodafone Idea's strategic direction and financial health in the dynamic telecom market.