Q1 results, auditor rotation, RPS redemption extended to 2036
TTML · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
TTML posted Q1 FY27 revenue of Rs 301.57 Cr (vs Rs 284.25 Cr YoY) and loss narrowed sharply to Rs 72.15 Cr from Rs 324.98 Cr. EBITDA rose to Rs 164.90 Cr. Board approved rotation of statutory auditor from Price Waterhouse to T.P. Ostwal & Associates for a 5-year term from the 2027 AGM. Redemption of 20.18 crore preference shares worth Rs 2,018 Cr held by Tata Teleservices Ltd was extended to October 17, 2036. Kushalraj Sonigda appointed as Senior Management Personnel.
Routine auditor rotation. RPS redemption deferred to 2036 eases near-term pressure. Loss narrowed but company still loss-making with deeply negative net worth.