Tata Communications announced that its Nomination and Remuneration Committee (NRC) has approved the grant of employee stock options to eligible employees under the company's Stock Unit Plan 2023. The decision was made on February 26, 2026, with the effective grant date set for March 1, 2026.

Stock Option Grant Details

The NRC approved the grant of 24,654 employee stock options, referred to as Restricted Stock Units (RSUs), to eligible employees. These options operate under the authority granted by shareholders at the company's 37th Annual General Meeting held on July 18, 2023.

Vesting and Exercise Terms

The RSUs incorporate both time-based and performance-based vesting criteria designed to align employee incentives with company performance. The vesting schedule provides flexibility while ensuring adequate commitment periods.

Key Vesting Parameters:

• Minimum vesting period: 1 year from grant date
• Maximum vesting period: 3 years from grant date
• Exercise window: Maximum 1 year from vesting date
• Current vested options: Nil
• Current exercised options: Nil

Regulatory Compliance

The stock option grant complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows SEBI Circular ref. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Current Status

As of the grant date, no options have been vested, exercised, or lapsed. The RSUs represent a fresh allocation under the Stock Unit Plan 2023, with all 24,654 options in the pre-vesting stage. Once the vesting criteria are satisfied and confirmed by the NRC, eligible employees will have the opportunity to exercise their options within the specified timeframe.

Tata Communications has announced the voluntary dissolution of its wholly owned indirect subsidiary BUC Mobile, Inc., effective February 16, 2026. The telecommunications major informed stock exchanges about this corporate development through a regulatory filing under SEBI Listing Obligations and Disclosure Requirements Regulations.

Subsidiary Dissolution and Asset Transfer

BUC Mobile, Inc., domiciled in Delaware, United States of America, completed its dissolution process following requisite filings with the Secretary of State of Delaware. The company received email communication regarding the dissolution on February 25, 2026, and subsequently informed the exchanges about this development.

Prior to the dissolution, all existing business contracts and agreements of BUC Mobile Inc. were transferred to Kaleya US Inc., another indirect subsidiary of Tata Communications Limited, via an Asset Transfer Agreement effective February 1, 2025.

Financial Impact and Contribution

The dissolved subsidiary had made significant contributions to Tata Communications' overall financial performance during FY25:

Regulatory Compliance and Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations, 2015, and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company filed an update on February 27, 2026, providing comprehensive details as required under the regulatory framework.

Corporate Structure Impact

As a voluntary dissolution rather than a sale or disposal transaction, the process did not involve any buyers or related party transactions. Since BUC Mobile was an indirect subsidiary, no consideration was received by Tata Communications following the dissolution. The dissolution represents a strategic corporate restructuring decision by the telecommunications company to streamline its subsidiary operations in the United States market while ensuring business continuity through the asset transfer to Kaleya US Inc.

The company has made the complete disclosure available on its official website for investor reference and transparency purposes.