StockWatch
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Telecom - Cellular & Fixed line services
Board Meeting22 Jul 2026, 12:51 pm

Tata Teleservices Board Approves Q1 FY27 Results, Extends RPS Redemption

AI Summary

Tata Teleservices (Maharashtra) Ltd's Board of Directors met on July 22, 2026, and approved the unaudited financial results for the first quarter ended June 30, 2026. The company also approved a further extension for the redemption of 0.1% Non-Cumulative Non-Convertible Redeemable Preference Shares (RPS) worth ₹2,018 Crores until October 17, 2036. Additionally, Mr. Kushalraj Sonigda was appointed as Senior Management Personnel, and M/s T. P. Ostwal & Associates LLP was recommended as the new Statutory Auditors for a five-year term.

Key Highlights

  • Approved unaudited financial results for Q1 FY27.
  • Extended RPS redemption term to October 17, 2036.
  • Appointed Kushalraj Sonigda as Senior Management Personnel.
  • Recommended T. P. Ostwal & Associates LLP as new Statutory Auditors.