Tata Teleservices (Maharashtra) Limited has paid a fine of ₹10,000 plus applicable tax to the National Stock Exchange of India (NSE) for delayed compliance with regulatory requirements. The penalty was imposed for non-compliance under Regulation 23(9) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, for the half year ended September 30, 2025.

NSE Notice and Fine Details

NSE issued a notice dated December 16, 2025, highlighting the company's delayed compliance with the listing regulations. The fine structure and compliance details are outlined below:

Company's Response and Waiver Request

Tata Teleservices (Maharashtra) Limited submitted a detailed representation to NSE on December 22, 2025, along with supporting documents seeking waiver of the imposed fine. The company explained that while the disclosure was made within prescribed timelines to the Bombay Stock Exchange, technical glitches on the NEAPS portal prevented timely filing with NSE despite diligent efforts.

A virtual hearing was conducted on January 22, 2026, where the company presented its case. However, NSE did not consider the waiver request favorably, and the company subsequently paid the fine within the prescribed timelines.

Board Review and Governance Measures

The matter was placed before the Board of Directors at their meeting held on March 2, 2026, as required by NSE's notice. The Board's assessment and response included:

• Acknowledgment that the delay was unintentional despite sincere compliance efforts
• Recognition of the company's commitment to highest standards of corporate governance
• Direction to management and secretarial department to implement additional safeguards
• Emphasis on ensuring strict and timely compliance going forward

Technical Challenges and Compliance Context

The company emphasized that the compliance issue arose due to unforeseen technical glitches on the NEAPS portal, which were beyond the company's control. Despite having successfully filed the required disclosure with BSE within the stipulated timeline, the technical difficulties prevented simultaneous compliance with NSE requirements.

This incident highlights the importance of robust technical infrastructure and backup systems for regulatory compliance in the digital filing environment. The company has committed to strengthening its compliance framework to prevent similar occurrences in the future.

Tata Teleservices (Maharashtra) Limited has formally notified stock exchanges about the designation of authorized persons under SEBI regulations for corporate disclosure compliance. The notification, dated March 2, 2026, was submitted to both BSE Limited and National Stock Exchange of India Limited.

Regulatory Compliance Framework

The appointment has been made pursuant to Regulation 30(5) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. This regulation requires listed companies to designate specific personnel who are authorized to determine the materiality of events or information and make necessary disclosures to stock exchanges.

Authorized Personnel Details

The company's Board of Directors has authorized three Key Managerial Personnel for this critical compliance function:

Corporate Governance Enhancement

This designation ensures that the company maintains robust corporate governance standards and meets its regulatory obligations effectively. The authorized persons will be responsible for evaluating the materiality of corporate events and ensuring timely disclosures to stock exchanges as required under SEBI regulations.

The notification was digitally signed by Mr. Shinu Mathai, Chief Financial Officer, on March 2, 2026. The company operates from its registered office at D 26 TTC Industrial Area MIDC Sanpada PO Turbhe Navi Mumbai 400703, with CIN L64200MH1995PLC086354.