Tata Communications Limited — Capital/Financing Update 2023

Dec 7, 2023

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HQ/CS/CL.24B/17630 December 7, 2023

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 051 SYMBOL: TATACOMM

BSE Limited P.J. Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 500483

Dear Sir / Madam,

Sub: Grant of stock options under ‘Tata Communications Limited - Stock Unit Plan 2023’.

Pursuant to authority granted by the Shareholders at the 37[th] Annual General Meeting of the Company held on July 18, 2023, we wish to inform you that the Nomination and Remuneration Committee (NRC) at its meeting held on December 7, 2023, approved the grant of 590,991 (Five Lakhs Ninety Thousand Nine hundred and Ninety One) employee stock options (“RSUs”) to the eligible employees in terms of ‘Tata Communications Limited - Stock Unit Plan 2023’ under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

This disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the required information in compliance with SEBI Circular ref. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, pertaining to the above grant are provided in Annexure A.

This is for your information and records.

Thanking you,

Yours faithfully, For Tata Communications Limited

Zubin Digitally signed by Zubin Adil Patel Adil Patel Date: 2023.12.07 17:58:44 +05'30'

Zubin Adil Patel Company Secretary and Compliance Officer Encl.: as above

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Tata Communications Limited

Plot No. C21 & C 36 ‘G’ Block Bandra Kurla Complex Bandra (East) Mumbai 400098 India Regd. Office: VSB Mahatma Gandhi Road Fort Mumbai 400 001 India Tel: + 91 22 6659 1968 email: investor.relations@tatacommunications.com CIN: L64200MH1986PLC039266 website: www.tatacommunications.com

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Disclosure under Para B of Part A of Schedule III to the Regulation 30 of the SEBI Listing Regulations

No.	Items of Disclosure	Description
1.	Brief details of options granted	590,991 (Five Lakhs Ninety Thousand Nine hundred and Ninety One) employee stock options (“RSUs”) to be granted to the eligible employees as determined by the NRC
2.	Whether the scheme is in terms of Share Based Employee Benefits and Sweat Equity) Regulations, 2021	Yes
3.	Total number of shares covered by these options	590,991 (Five Lakhs Ninety Thousand Nine hundred and Ninety One) RSUs exercisable into not more than 590,991 (Five Lakhs Ninety Thousand Nine hundred and Ninety One equity shares of face value of₹10 (Indian RupeesTenOnly) each fully paid-up.
4.	Pricing formula	₹10 being the face value of the equity shares of Tata Communications Limited
5.	Options vested	Nil
6.	Time within which option may be exercised	RSUs once vested and confirmed by the NRC shall be exercisable within a maximum period of 1 (one) year from the date of vesting of the RSUs.
7.	Options exercised	Nil
8.	Money realized by exercise of options	Not Applicable
9.	The total number of shares arising as a result of exercise of option	Not Applicable
10.	Options lapsed	Nil
11.	Variation of terms of options	Not Applicable
12.	Brief details of significant terms	The RSUs shall vest with the employee on the satisfaction of a time-based and a performance-based vesting criteria. The RSUs shall vest not earlier than a minimum period of 1 (one) year and not later than a maximum period of 3 (three) years from the grant date.
13.	Subsequent changes or cancellation or exercise of such options	Nil
14.	Diluted earnings per share pursuant to issue of equity shares on exercise ofoptions	Not Applicable

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Tata Communications Limited Plot No. C21 & C 36 ‘G’ Block Bandra Kurla Complex Bandra (East) Mumbai 400098 India Regd. Office: VSB Mahatma Gandhi Road Fort Mumbai 400 001 India Tel: + 91 22 6659 1968 email: investor.relations@tatacommunications.com CIN: L64200MH1986PLC039266 website: www.tatacommunications.com