Please see attached letter with brief details.
Awaiting price reaction for this filing.
Tata Teleservices (Maharashtra) Limited has received two penalty demands from the Department of Telecommunications – Maharashtra Licensed Service Area (LSA) dated June 17, 2025. The first penalty of Rs. 3.40 crore covers alleged subscriber verification failures from April 2007 to April 2012, while the second penalty of Rs. 41 lakh relates to March 2010. The total financial exposure is approximately Rs. 3.81 crore. The penalties pertain to alleged non-compliance with customer verification norms under the company's telecom License Agreement. The company has stated it is reviewing the demands and evaluating next steps, including possible legal recourse.
The financial impact is limited at around Rs. 3.81 crore, which is small relative to the company's operations, but the matter highlights ongoing regulatory scrutiny of legacy telecom compliance issues. Near-term stock impact is expected to be minimal, though the company's response and any legal challenge will be watched by investors.