Tata Teleservices Maharashtra Limited (TTML) has successfully concluded its postal ballot voting process, resulting in the approval of Mr. Nalin Rana's appointment as a Non-Executive Non-Independent Director. The voting, which took place through remote e-voting, saw significant participation from shareholders and yielded a strong majority in favor of the appointment.

Voting Details

The postal ballot process, which ran from September 27 to October 26, 2025, saw participation from a substantial portion of TTML's shareholders. Here's a breakdown of the voting results:

Key Highlights

• Total Shareholders: As of the cut-off date (September 12, 2025), TTML had 10,36,651 shareholders on record.
• Voting Participation: 77.19% of total shares participated in the voting process.
• Resolution Type: The appointment was proposed as an Ordinary Resolution.
• Promoter Interest: The company noted that the promoter/promoter group was not particularly interested in this agenda/resolution.

Implications

The overwhelming approval of Mr. Nalin Rana's appointment suggests strong shareholder confidence in the company's choice for the Non-Executive Non-Independent Director position. This appointment may bring fresh perspectives to TTML's board, potentially influencing the company's strategic decisions in the telecom sector.

Compliance and Transparency

TTML has ensured compliance with regulatory requirements by conducting the postal ballot in accordance with the Companies Act, 2013, and SEBI Listing Regulations. The company has made the voting results and scrutinizer's report available on its website and the websites of the stock exchanges where its equity shares are listed, demonstrating a commitment to transparency in corporate governance.

The appointment of Mr. Nalin Rana marks a new chapter in TTML's corporate structure, and stakeholders will be keen to observe how this addition to the board may impact the company's future direction and performance in the competitive telecom market.

Tata Teleservices (Maharashtra) Limited (TTML) has reported a net loss of Rs 645.80 crores for the half year ended September 30, 2025, showing a slight improvement from the Rs 653.79 crores loss in the same period last year. The company's financial performance continues to face challenges, with declining revenue and persistent high finance costs.

Financial Highlights

Revenue and Profitability

TTML's revenue from operations declined by 14.49% year-on-year to Rs 570.38 crores for the half year ended September 30, 2025. Despite the revenue decline, the company managed to improve its EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) marginally to Rs 286.58 crores, up by 3.36% compared to the same period last year.

Financial Burden and Liquidity Concerns

The company's finance costs remained significantly high at Rs 857.88 crores, slightly increasing from Rs 851.47 crores in the previous year. This substantial interest burden continues to be a major factor contributing to the company's losses.

TTML's financial position remains challenging, with accumulated losses exceeding its paid-up capital and reserves. As of September 30, 2025, the company's current liabilities exceeded its current assets, indicating potential liquidity concerns.

Support from Parent Company

To address these financial concerns, TTML has received a support letter from its ultimate holding company. This letter indicates that the parent company will provide necessary financial backing to cover any liquidity shortfalls over the next 12 months. This support is crucial for TTML's ability to continue as a going concern.

Operational Overview

TTML operates under a Unified License, providing telecommunication services. As of September 30, 2025, the company had Commercial Papers worth Rs 990 crores outstanding.

Future Outlook

While the company has shown a slight improvement in its EBITDA and a marginal reduction in net loss, the declining revenue and high finance costs continue to pose significant challenges. The support from its parent company provides some financial stability, but TTML may need to focus on revenue growth and cost management to improve its financial health in the long term.

Investors and stakeholders will likely be closely watching TTML's efforts to improve its operations and strengthen its financial position in the coming quarters.