Tata Teleservices (Maharashtra) Limited has formally notified the stock exchanges about an upcoming board meeting scheduled to review its quarterly financial performance. The telecommunications company submitted the intimation on January 13, 2026, to both BSE Limited and National Stock Exchange of India Limited.

Board Meeting Details

The company's board of directors will convene on Tuesday, January 20, 2026, with the primary agenda being the consideration and approval of financial results. The meeting will cover the company's performance for two specific periods as outlined below:

Trading Window Restrictions

In accordance with the company's insider trading prevention protocols, specific trading restrictions have been implemented. The company had previously communicated these measures through an intimation letter dated December 22, 2025.

The trading window closure details are as follows:

• Closure Start Date: January 1, 2026
• Applicable Personnel: Designated persons under the company's Code of Conduct
• Closure Duration: Until 48 hours after financial results are made public
• Regulatory Framework: Code of Conduct for Prevention of Insider Trading and Code of Corporate Disclosure Practices

Regulatory Compliance

The board meeting intimation was issued pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered.

The formal communication was signed by Shinu Mathai, Chief Financial Officer, and digitally authenticated on January 13, 2026. The company maintains its registered office at D 26 TTC Industrial Area MIDC Sanpada PO Turbhe Navi Mumbai 400703, with the Corporate Identification Number L64200MH1995PLC086354.

Market Information

Tata Teleservices (Maharashtra) Limited trades on Indian stock exchanges under the scrip code 532371 on BSE and scrip symbol TTML on NSE. The company operates in the telecommunications sector and is part of the Tata Group's business portfolio.

Tata Teleservices (Maharashtra) Limited (TTML) has received significant interim relief from the Bombay High Court, which has stayed penalty demands totaling Rs. 8.08 crore from the Department of Telecommunications (DoT) for alleged violations of subscriber verification norms. The court order dated December 24, 2025, provides temporary protection against penalty demands issued in June and December 2025.

Court Relief Details

Penalty Background

The company faces multiple penalty demands from DoT for alleged non-compliance with subscriber verification guidelines. The latest relief covers specific demands dated June 17, 2025, and December 5, 2025, which were part of a broader Rs. 4.68 crore penalty initially reported.

Legal Strategy and Proceedings

TTML filed amendment applications on December 19, 2025, seeking to challenge DoT's authority to issue penalty demands. The company argues that the DoT circulars are contrary to Section 20A of the Indian Telegraph Act, 1885. The Bombay High Court has allowed the amendment application and granted interim protection.

Ongoing Litigation Context

This relief is part of TTML's broader legal challenge against DoT penalty demands totaling Rs. 268.84 crore. The company has previously obtained stays from High Courts against various demand notices, with matters pending adjudication. The current proceedings stem from Petition No. 264 of 2015, where TTML originally challenged the DoT circulars.

Financial and Regulatory Impact

The interim relief provides temporary financial protection for TTML, preventing immediate collection of the Rs. 8.08 crore penalty. However, the company continues to face the broader challenge of Rs. 268.84 crore in total penalty demands across various proceedings. The telecom sector's heavy regulatory framework makes compliance with subscriber verification norms critical for operators.

The court's decision to grant interim relief suggests judicial recognition of TTML's legal arguments challenging DoT's penalty authority. This development provides the company breathing room while the substantive legal issues are adjudicated.