Tata Teleservices (Maharashtra) Limited has informed the Exchange about Action(s) initiated or orders passed
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Tata Teleservices (Maharashtra) Limited has informed the exchanges that the Hon'ble Supreme Court has dismissed its Writ Petition (Diary No. 28009/2025) filed on May 17, 2025, along with two other telecom operators. The petition sought directions to the Department of Telecommunications (DoT) to waive the payment of interest, penalty, and interest on penalty forming part of the company's AGR (Adjusted Gross Revenue) dues. The Supreme Court issued the dismissal order on May 19, 2025, which the company received on May 21, 2025. This is the latest update in the long-running AGR matter that has been ongoing since 2021.
This is a negative outcome for shareholders as the company has lost its legal attempt to get relief on the interest and penalty components of its AGR dues. The company will likely need to pay the full AGR-related dues including interest and penalty, adding to its financial burden and creating uncertainty around its AGR liability.