Vodafone Idea Limited has announced the resignation of Mr. Gautam Pendse, Head of Internal Audit Team, effective from close of business hours on March 6, 2026. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

According to the official disclosure, Mr. Pendse submitted his resignation to pursue career opportunities outside the company that align more closely with his personal aspirations. Company Secretary Pankaj Kapdeo confirmed that there are no other reasons for the resignation beyond those provided in Pendse's resignation letter.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations, 2015, and follows the requirements under SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/II/3762/2026 dated January 30, 2026. The company has provided all necessary details in Annexure A as required by the regulatory framework.

Resignation Letter Highlights

In his resignation letter dated December 1, 2025, Pendse expressed gratitude for the learning opportunities, trust, and guidance provided by the leadership team and Audit Committee members during his tenure. He stated that he would cherish his association with the company while moving forward to pursue new opportunities.

Corporate Governance Impact

The resignation of the Head of Internal Audit Team represents a significant change in the company's internal audit function. Vodafone Idea Limited has fulfilled its disclosure obligations by promptly informing both the National Stock Exchange of India Limited and BSE Limited about this key personnel change, ensuring transparency for stakeholders and regulatory compliance.

Vodafone Idea is set to receive substantial relief on its Adjusted Gross Revenue (AGR) dues following a comprehensive reassessment by a regulatory panel. The telecom operator's outstanding AGR liabilities are expected to be reduced by 31%, marking a significant development in the company's ongoing financial restructuring efforts.

Major Reduction in AGR Liabilities

The panel's reassessment has resulted in a substantial decrease in the company's AGR dues, with the revised calculations showing approximately ₹27,000 crore less in liabilities than previously determined. This represents a significant financial relief for the telecom operator, which has been working to address its regulatory obligations.

Impact on Financial Position

The 31% reduction in AGR dues provides meaningful financial breathing room for Vodafone Idea. The reassessment outcome demonstrates the importance of detailed regulatory reviews in determining accurate liability calculations. This development could have positive implications for the company's overall financial health and its ability to focus on operational improvements and network investments.

Regulatory Framework

The reassessment reflects the ongoing efforts by regulatory authorities to ensure accurate calculation of AGR-related dues across the telecommunications sector. Such reviews are part of the standard regulatory process to verify and validate the financial obligations of telecom operators under the AGR framework.