TATA QUARTERLY COMPLIANCE REPORT ON CORPORATE GOVERNANCE Name of the Company TATA TELESERVICES (MAHARASHTRA) LIMITED. Quarter ending on SEPTEMBER 30, 2015 Clause of | Compliance Particulars Listing Status Remarks Agreement | (Yes / No) Il. Board of Directors 49 (Il) (A) Composition of Board 49 (IIA) Yes - (B)Independent 49 (IIB) Yes Refer note below Directors (C) Non-executive 49 (IIC) Yes - Directors’ compensation & disclosures (D) Other provisions as to | 49 ((ID) Yes - Board and | Committees (E) Code of Conduct 49 (\IE) Yes Refer note below (F) Whistle Blower Policy | 49 (lIF) Yes Refer note below ‘Ill, Audit Committee 49 (Ill) (A) Qualified & 49 (IIIA) Yes « Independent Audit Committee (B) Meeting of Audit 49 (NB) Yes : Committee (C) Powers of Audit 49 (IIIC) Yes - Committee (D) Role of Audit "49 (IlID) Yes 3 io Committee (E) Review of Information |: 49 (IIE) Yes - by Audit Committee IV. Nomination and 49 (IV) Yes Refer note below Remuneration Committee | V. Subsidiary 49 (V) NA. - Companies TATA TELESERVICES (MAHARASHTRA) LIMITED Registered Office: Voltas Premises T. 8. Kadam Marg Chinchpokli Mumbai 400 033, Tel:91 22 6667 1414 Fax:91 22 6560 5335 email: investor,relations@tatatel.co.in ‘CIN: L64200MH1995PL.C086354 Website www.tatateleservices.comTATA | VI. Risk Management 49 (VI) Yes - Vil. Related Party 49 (Vil) Yes | Approval of the shareholders has Transactions been obtained for material Related Party Transactions Vill. Disclosures 49 (VIII) (A) Related party 49 (Vill A) Yes Sa Miciefenien transactions (8) Disclosure of 49 (VII B) Yes ; Accounting Treatment (C) Remuneration of 49 (VIII C) Yes Refer hote below Directors (0) Management 49 (Vill D) Yes Refer note below (€) Shareholders 49 (VIII E) Yes Refer note below (F) Proceeds from public | 49 (VIII F) NA é issues, rights issue, preferential issues, ete. 1X. CEO/CFO 49 (IX) Yes - Certification X. Report on Corporate 49 (X) Yes Refer note below Governance Compliance 49 (xi) Yes Refer note below Note: The applicable disclosures / information will be included in the Annual Report for FY 2015-16 For Tata Teleservices (Maharashtra) Limited GE Koko Kiran Thacker Company Secretary Date: October 15, 2015 Place: Mumbai TATA TELESERVICES (MAHARASHTRA) LIMITED Registered Office: Voltas Premises T.B. Kadam Marg Chinchpokli Mumbai 400 033 TJel:91 22 6667 1414 Fax:91 22 6660 $335 email: investor.elations@tatatel.cain CIN: L64200MH1995PLCO86354 Website wwwrtatateleservices.comTATA Annexure ~ A List of material transactions entered into with related party Sr. Value No. | Nature of Transaction Name of Related Party FY 2015-46 (Rs. in Crores) 1_ | Inter-Connect Usage Expenses / Income | Tata Teleservices Limited 49.00* 2_ | Sharing of Infrastructure Tata Teleservices Limited 15.00 3_| Telecommunication and other Income —_| Tata Teleservices Limited 68.00 4 | Cost Sharing Tata Teleservices Limited 47.00* “These values are in addition to the transaction values reported in the previous quarterly compliance report. TATA TELESERVICES (MAHARASHTRA) LIMITED Registered Office: Voltas Premises T. 8, Kadam Marg Chinchpokli Mumbai 400 033, Tel:91 22 6667 1414 Fax:91 22 6660 5335 email: investorrelations@tatat CIN: Lb4200MH1995PLCOB6354 Website wwvrtatateleservices.com