TTMLNSETata Teleservices (Maharashtra) Limited· Telecommunication - ServicesMediumNeutral
Announced Thu, 23 Apr · 14:45 IST

Tata Teleservices (Maharashtra) Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF

TTML · price

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Price reaction · full curve 14 horizons · vs prior close
+0.3%1-day move
₹44.50
prior close
₹46.00
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.5-0.6-0.3-1.4+0.3+0.1-0.9-1.5-3.6-3.9-6.1-3.4-2.3-11.5
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AI summary

The Board of Directors has approved the re-appointment of Mr Harjit Singh as Managing Director for another three years from April 24, 2026 to April 23, 2029. The re-appointment is subject to shareholder approval. Harjit Singh, who also serves as Managing Director of holding company Tata Teleservices Limited, will not draw any remuneration from the company. He holds 3,400 shares in the company and is not debarred from holding office by any regulatory authority. This is a routine corporate governance action to extend the tenure of an existing key management personnel.

Likely market impact

This announcement has minimal impact on shareholders as it involves the continuation of an existing leader without any change in compensation structure. The stock is unlikely to see any significant reaction to this routine re-appointment.