Tata Communications Ltd

Collaboration scope

• MOVE platform integrated with Sierra.ev SDV platform N.IO for in-built 5G connectivity.
• In-vehicle secured connectivity enables streaming, OTA updates, and real-time diagnostics.

Expected outcomes

• AI-enabled in-vehicle services and enhanced safety features including emergency calls and remote support.
• Future-ready connected experiences with on-demand subscription packs.

Partnership background

• Collaboration to power Sierra.ev with connected capabilities via MOVE platform.

Issuance and listing

• Tata Communications issued and allotted ₹300 crore of Commercial Paper.
• Issue date: August 21, 2026.
• Redemption date: February 17, 2027.
• Face value per security: ₹5,00,000.
• Discount rate: 7.0% p.a.
• ISIN: INE151A14347.
• Listed on NSE on August 24, 2026.

Capital / Securities

• On Aug 21, 2026, 68,894 equity shares allotted under RSU 2023 upon exercise of vested options.
• Issued and paid-up capital now ₹285,08,56,430 across 28,50,85,643 shares.
• Face value ₹10; exercise price ₹10; premium Nil.

Commercial Paper issuance and listing

• Issued and allotted ₹250 crore Commercial Paper.
• Issue date: 18 August 2026; redemption: 17 November 2026.
• Face value ₹5,00,000 per CP; discount rate 6.51% p.a.
• ISIN INE151A14339; NSE listing on 19 August 2026.

Meeting Details

• Date: August 12, 2026
• Name of event/organiser: EMKAY Confluence 2026
• Venue/Location: Mumbai
• Type/Mode: In-person

Participants

• Key company participants: Company Secretary and Compliance Officer

Purpose

• Analyst/institutional investor meeting

RSU grant details

• NRC approved grant of 2,49,092 RSUs to eligible employees under Stock Unit Plan 2023.
• 239,080 RSUs granted with May 1, 2026 grant date; 10,012 with August 1, 2026.
• RSUs vest based on time-based criteria; minimum one year, maximum three years from grant.
• Exercisable within one year from vesting, subject to NRC confirmation.
• No RSUs vested or exercised to date; no cash realization.
• Total shares covered: 2,49,092 RSUs; price based on ₹10 face value.
• Scheme complies with SEBI SBEB Regulations 2021.
• Grants disclosed under Regulation 30; Annexure A accompanying filing.
• No options exercised; no impact on diluted EPS reported.
• No changes to terms or subsequent cancellations reported.

Overview

• Strategic collaboration to accelerate AI adoption for India's SMB sector through a unified AI platform.

Platform and capabilities

• AI Voice Agent with fixed-line numbers enables automated customer interactions.
• Voice AI powered by Agentic AI offers multilingual fluency and sub-500 ms latency.
• Hosted on Tata Communications' Vayu Cloud with secure data access via unified network fabric.

Market scope and adoption

• Democratizes AI for over 60 million SMBs in India with flexible consumption models.

Use cases

• Use cases include ticketing, mobility bookings, and service inquiries.
• Healthcare applications cover appointment scheduling and test-report communication.

CP proceeds and outstanding CPs

• Purpose: CFO certificate confirms CP proceeds utilized per disclosed purposes for quarter ended 30 June 2026.
• Certificate issued under SEBI Master Circular on compliance and utilization of CP proceeds.
• Quarter ended June 30, 2026 CP utilization complied with disclosure documents and listing conditions.
• Outstanding CPs total INR 1,800 crore across four issues maturing July–Sept 2026.
• ISIN INE151A14289: INR 750 crore, issued Apr 24, 2026; maturity Jul 23, 2026; end-use Working Capital.
• ISIN INE151A14297: INR 300 crore, issued May 22, 2026; maturity Aug 21, 2026; end-use Repayment/General.
• ISIN INE151A14305: INR 400 crore, issued Jun 15, 2026; maturity Sep 11, 2026; end-use Working Capital/General.
• ISIN INE151A14313: INR 350 crore, issued Jun 29, 2026; maturity Sep 28, 2026; end-use General/Working Capital.

Cessation of Independent Director

• Independent Director Krishnakumar Natarajan ceased due to completion of tenure, effective July 15, 2026.

Status of dematerialisation/rematerialisation details

• Details of securities dematerialised/rematerialised for the quarter ended 30 June 2026 were furnished to all exchanges.