Please see attached letter for brief details.
Awaiting price reaction for this filing.
Tata Teleservices (Maharashtra) has shared an update on its ongoing dispute with the Department of Telecommunications over a Rs. 290.17 Crore One-Time Spectrum Charge demand related to alleged excess spectrum in Mumbai and Maharashtra. The company had surrendered the excess spectrum in 2013 and challenged the demand in the Bombay High Court, which granted interim protection and stayed the demand. In September 2024, the Bombay High Court allowed the company to withdraw its petition and approach TDSAT, where the matter is now pending. TDSAT, on April 28, 2025, adjourned the matter sine die, meaning no fixed next hearing date, and noted that the outcome depends on similar pending appeals (Civil Appeals No. 6548 and 6549 of 2019) before the Supreme Court involving Reliance Communications. The company will take further steps based on these orders.
This is a procedural update with no immediate resolution; the Rs. 290.17 Crore demand remains stayed but deferred. Shareholders should watch the Supreme Court's pending appeals in similar OTSC cases, as the ruling there will likely decide TTML's fate.