Outcome of Board Meeting

July 22, 2026 BSE Limited National Stock Exchange of India Limited P. J. Towers, Exchange Plaza C-1, Block G, Dalal Street Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 532371 Scrip Symbol: TTML Dear Sir/Madam, Subject: Outcome of meeting of the Board of Directors scheduled on July 22, 2026 Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), as amended from time to time, this is to inform you that the Board of Directors of the Company, at its meeting held today, inter alia, approved, the following: 1. Financial Results The un-audited financial results of the Company prepared in accordance with Indian Accounting Standards for the 1st quarter ended June 30, 2026, were approved, taken on record and are annexed as Annexure A. M/s. Price Waterhouse Chartered Accounts LLP, Statutory Auditors of the Company, have issued a Limited Review Report with an unmodified opinion on the above-mentioned financial results is also included and forms part of Annexure - A. 2. Extension of term of redemption of Redeemable Preference Shares Approved further extension of the term of redemption till October 17, 2036, in respect of the 20,18,00,000 - 0.1% Non-Cumulative Non-Convertible Redeemable Preference Shares (“RPS”) of Rs. 100/- each aggregating to Rs. 2,018 Crores, issued to Tata Teleservices Limited on October 18, 2016, subject to obtaining the requisite consent / approvals, if applicable. The said RPS are non-convertible. 3. Appointment of Senior Management Personnel Based on the recommendations of the Nomination and Remuneration Committee of the Company, Mr Kushalraj Sonigda, Company Secretary of Tata Teleservices Limited (the Holding Company of the Company) was appointed as the Senior Management Personnel of the Company w.e.f. July 22, 2026. Further, details as prescribed under the Regulation 30 of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as amended, are enclosed herewith as Annexure - B to this intimation. 4. Appointment of Statutory Auditors Based on the recommendations of the Audit Committee of the Company, the Board recommended appointment of M/s T. P. Ostwal & Associates LLP, Chartered Accountants (ICAI Firm Registration No. 124444W/W100150) as the Statutory Auditors of the Company to hold the office for a term of 5 (five) consecutive years from the conclusion of the 32nd Annual General Meeting (“AGM”) of the Company to be held in the year 2027 till the conclusion of the 37th AGM to be held in the year 2032, subject to approval of the Members of the Company and other statutory requirements (including auditor independence requirement for the Company). Further, details as prescribed under the Regulation 30 of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, as amended, are enclosed herewith as Annexure - C to this intimation. The Board meeting commenced at 1202 hours (IST) and concluded at 1220 hours (IST). The aforesaid documents are also being placed on the website of the Company i.e., https://www.tatatelebusiness.com/financial-results/. This is for your information and records. Yours faithfully, For Tata Teleservices (Maharashtra) Limited Amit Gupta Company Secretary & Compliance Officer ACS 13518 Encl.: As stated above Annexure - B Details required under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Sr. Particulars Details of Appointment 1 Reasons for change viz. Appointment of Mr Kushalraj Sonida as a Senior Management appointment, re-appointment, Personnel resignation, removal, death of service 2 Date of Appointment / re- Date of appointment: July 22, 2026 appointment / cessation and Term of appointment: Till the cessation of employment with Tata terms of appointment Teleservices Limited (Holding Company) 3 Brief profile (in case of Mr Kushalraj is a corporate law and governance professional with appointment) over 13 years of experience across leading consulting firms and financial services organizations. Prior to joining us, he held senior positions at Ernst & Young, JM Financial Group and other listed companies, where he advised on a wide spectrum of matters including the Companies Act, 2013, SEBI Regulations, FEMA, and Insider Trading Regulations. Kushalraj possesses expertise in secretarial compliance, due diligence, listing readiness, corporate actions, and governance frameworks, along with significant experience in managing board and shareholder processes and delivering strategic advisory on complex corporate matters. He is known for his strong stakeholder management skills. Mr Kushalraj is a qualified Company Secretary from India & UK and completed master’s in law from Maharashtra National Law School. 4 Disclosure of relationship Not Applicable between Directors 5 Shareholding if any in the Nil Company Annexure - C Details required under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Sr. Particulars Details of Appointment 1 Reasons for change viz. M/s Price Waterhouse Chartered Accountants LLP (ICAI Firm appointment, re-appointment, Registration No. 012754N/N500016) will continue as the Statutory resignation, removal, death of Auditors of the Company until the conclusion of the 32nd Annual service General Meeting (“AGM”) of the Company to be held in the year 2027, marking the completion of their second term. M/s T. P. Ostwal & Associates LLP, Chartered Accountants, (ICAI Firm Registration No. 124444W/W100150) have been appointed as Statutory Auditors from the conclusion of 32nd AGM, subject to approval of the Members of the Company and other statutory requirements (including auditor independence requirement for the Company). 2 Date of Appointment / re- Based on the recommendation of the Audit Committee, the Board appointment / cessation and of Directors at its meeting held today approved the appointment of terms of appointment M/s T. P. Ostwal & Associates LLP, Chartered Accountants, (ICAI Firm Registration No. 124444W/W100150), as the Statutory Auditors of the Company for a term of 5 (five) consecutive years i.e., from the conclusion of the 32nd AGM to be held in the year 2027 till the conclusion of 37th AGM, to be held in the year 2032, subject to approval of the Members of the Company and other statutory requirements (including auditor independence requirement for the Company). 3 Brief profile (in case of M/s T. P. Ostwal & Associates LLP (“Firm”) was originally appointment) constituted as Butala Associates in 1984, currently operates as T. P. Ostwal & Associates LLP, Chartered Accountants with ICAI Firm Registration No. 124444W/W100150. The firm has head office in Mumbai including 10 partners for all functions, also have branch office in Gurgaon and planning to have network firm in Bangalore and Hyderabad. Firm has valid peer review certificate. 4 Disclosure of relationship Not Applicable between Directors