Please see the outcome of the AGM as attached.
Awaiting price reaction for this filing.
Tata Teleservices (Maharashtra) Limited held its 30th AGM on May 30, 2025 via video conferencing, with 85 shareholders attending (5 promoter group, 80 public). Five resolutions were passed with overwhelming majority: (1) adoption of FY25 audited financial statements (99.99% in favor), (2) re-appointment of A.S. Lakshminarayanan as director (99.35%), (3) appointment of Dr. Vaijayanti Pandit as Independent Director via special resolution (99.81%), (4) appointment of M/s. Makarand M. Joshi & Co. as Secretarial Auditors for 5 years from FY25-26 to FY29-30 (99.99%), and (5) ratification of cost auditor remuneration (99.99%). Total votes polled were ~77% of outstanding shares (150.65 crore out of 195.49 crore shares). Chairman A.S. Lakshminarayanan presided; MD Harjit Singh presented the performance update. No qualifications were noted in the statutory or secretarial auditors' reports.
Routine, housekeeping AGM with all routine resolutions approved by wide margins – no material surprises. The appointment of a new Independent Director and locking in of Secretarial Auditors for 5 years signals governance continuity but is unlikely to move the stock. Promoters voted 100% in favor, and the high public institutional turnout (~88%) also supports management proposals.