This has reference to our letter dated August 2, 2022, regarding the captioned subject. The Board, at their meeting held on August 9, 2022, transacted the following items of business:
1. Financial Results
Approved the unaudited financial results of the Company as per Indian Accounting Standards (INDAS). We enclose the Unaudited Financial Results for the quarter ended June 30, 2022, alongwith the Limited Review report issued by the Statutory Auditors of the Company.
2. Extension of term of redemption of Redeemable Preference Shares
Approved further extension of the term of redemption by 24 months from September 18, 2022, in respect of the 20,18,00,000 - 0.1% Non-Cumulative Non-Convertible Redeemable Preference Shares ('RPS') of Rs. 100/- each aggregating Rs. 2,018 Crores issued to Tata Teleservices Limited ('Promoter'/'TTSL') on preferential basis on October 18, 2016.
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