Tata Communications Ltd

Meeting Details

• Date and time: October 15, 2026 at 4:00 pm IST.
• Type and mode: earnings call; webinar (virtual).
• Organizer/event: Tata Communications Limited.

Participants

• Key company participants not disclosed.

Purpose

• Discuss unaudited financial results for quarter and half-year ended September 30, 2026.

Additional Notes

• Recording of the earnings call uploaded to the company's investor results page.

Strategy & AI Platform

• Plan on page targets EBITDA growth, NPS, and ESAT.
• Invested in GPU infrastructure in India for sovereign AI.
• Unified AI stack and enterprise context graph via Commotion.
• Enterprise data remains in-house with local data residency compliance.

Operational Highlights

• Earnings call presentation for Q2 FY27 released; available on company site.
• AI-generated daily briefs delivered to FMCG field force.
• CX transformation: insurer runs AI-powered contact centre across sales, claims, service.

Board actions

• Unaudited standalone and consolidated results for Q2 and H1 ended Sep 30, 2026 approved.
• Limited Review Report with unmodified opinion.

Restructuring: Kaleyra

• Transfer of Kaleyra, Inc. holding to TCNL; FMV-based TCNL share subscription.
• Consolidation under TCNL; no change in ultimate ownership.
• Attachment D details regulatory disclosures.

Management changes

• Ridhi Sood appointed Company Secretary and Compliance Officer, effective Nov 1, 2026.
• Attachment E contains details of Ridhi Sood appointment.

Q2 FY27 highlights

• Consolidated Q2 FY27: gross revenue ₹6,688 cr; EBITDA ₹1,422 cr; PAT ₹341 cr.
• Data revenue ₹5,810 cr; growth 12.2% YoY.
• EBITDA margin 21.3%.

Regulatory and tax contingencies

• DoT AGR license demands ₹7,844.57 cr; contingent liability ₹7,513.71 cr.
• Tax litigation contingent liability ₹365.80 cr in a subsidiary.

Discontinued operations

• Discontinued operations: loss on sale of Kaleyra subsidiary ₹42.19 cr.

CP compliance and CPs outstanding

• Certificate of compliance for CPs utilized per disclosure for quarter ended Sep 30, 2026.
• CP INE151A14321, issued 23-Jul-2026, face value 750,00,00,000; maturity 19-Jan-2027; end use WC/debt repayment.
• CP INE151A14339, issued 18-Aug-2026, face value 250,00,00,000; maturity 17-Nov-2026; end use WC/debt repayment.
• CP INE151A14347, issued 21-Aug-2026, face value 300,00,00,000; maturity 17-Feb-2027; end use WC/debt repayment.
• CP INE151A14354, issued 11-Sep-2026, face value 400,00,00,000; maturity 22-Oct-2026; end use WC/debt repayment.
• CP INE151A14362, issued 28-Sep-2026, face value 550,00,00,000; maturity 18-Dec-2026; end use WC/debt repayment.
• Proceeds have been utilized per disclosed purposes; listing conditions have been complied with.

Meeting Details

• Event: Q2 FY27 earnings call invite.
• Date and time: October 15, 2026, 4:00–5:00 PM IST.
• Mode: virtual earnings call on Zoom webinar.

Participants

• Key participants: company management presenting.

Purpose

• Discuss Q2 FY27 earnings results; management commentary and Q&A.

Additional Notes

• Registration: mandatory pre-registration for the Zoom webinar.
• Q&A: questions handled via the Raise Hand feature.

Commercial Paper issuance and listing

• Issued and allotted Commercial Paper aggregating ₹550 crore.
• Date of issue: 28 September 2026; redemption: 18 December 2026.
• Face value per CP instrument: ₹5,00,000.
• Discount rate: 6.20% p.a.
• ISIN: INE151A14362.
• Listed on NSE on 29 September 2026.

Tax litigation update

• ITAT Mumbai disposed cross-appeals for AY 2011-12.
• Relief granted on section 80-IA deduction for the National Long Distance undertaking.
• Relief granted on Transfer Pricing adjustments and related TP matters.
• Some issues require consequential verification/recomputation by the Assessing Officer.
• Company is evaluating the order and potential tax impact.

Resignation details

• Mr. Zubin Adil Patel — Company Secretary and Compliance Officer.
• Effective close of business hours on October 31, 2026.
• Resignation to pursue opportunities outside Tata Communications.
• ACS membership no. ACS 30277; CS since March 2021.
• No related party relationships with directors or promoters disclosed.
• KMP status: resigning as CS and CO; successor search underway.
• Board to identify successor; announcements to follow.

Resignation of CS & CO

• Name and designation: Mr. Zubin Adil Patel – Company Secretary and Compliance Officer.
• Effective date of cessation: close of business on 31 October 2026.
• Reason for change: resignation from the role.
• Company is identifying a successor; announcements to be made.
• Brief profile: Not Applicable.