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Tata Teleservices Maharashtra Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following Resolutions:

1. To sell or dispose off or transfer the Passive Tower Infrastructure Undertaking (”Undertaking” which expression shall amongst other things include towers, shelters, diesel generator sets, air conditioners, associated cabling and infrastructure, related agreements, rights, licences, permits, consents, approvals, prepaid rent and deposits, the liabilities, with or without value of the debt allocable to the Undertaking but in any case shall exclude active electronics) on a “going concern basis” or otherwise to a wholly owned subsidiary of the Company to be formed for this purpose (”WOS”) at a price not less than net written down book value of the Undertaking (net of debt if transferred) and with effect from such date as may be determined by the Board and on such terms and conditions as the Board may deem and consider appropriate, subject to necessary provisions & approvals.

2. Appointment of Dr. Mukund Rajan as the Managing Director of the Company for a period of 5 years w.e.f. February 28, 2008, on remuneration, terms & conditions.

The Company has appointed Mr. Makarand Joshi, Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.

The Postal Ballot form duly completed should reach the scrutinizer on or before May 22, 2008. The Chairman or any person authorized by the Chairman, shall announce the result of Postal Ballot on or before May 29, 2008.

Tata Teleservices Maharashtra Ltd has informed BSE that the Board of Directors of the Company has approved hiving off of Passive Tower Infrastructure Undertaking (”Undertaking”) to a Wholly Owned Subsidiary of the Company to be formed for that purpose.

The proposed slump sale of Passive Tower Undertaking is subject to (a) approval of the shareholders by postal ballot (b) all applicable laws (c) relevant provisions of the Memorandum and Articles of Association of the Company and (d) receipt of necessary approvals, consents, permissions and / or sanctions.

Tata Teleservices Maharashtra Ltd has informed BSE that the Company propose to publish audited results for the financial year ended March 31, 2008 within 3 months from the end of the said financial year. In view of this, the Company would not be publishing financial results for the quarter ended March 31, 2008.

Tata Teleservices Maharashtra Ltd has announced that it has crossed the 5 million subscribers mark during the month of March. The Company thanks its shareholders and all stakeholders for their support in its progress towards this significant milestone.

Further the Company has also announced that its special new offering, the Lifetime Go One recharge, launched with a major new advertising campaign, is attracting excellent traction in the market. The highly competitive tariffs offered with this product, including lifetime free incoming, local calls at Re 1, and STD calls at Rs 2, have become a major draw for subscribers.

Tata Teleservices Maharashtra Ltd has informed BSE that the Board of Directors of the Company has passed a circular resolution dated February 11, 2008 approving the issue and allotment of 18,050 Equity Shares of Rs 10/- each for cash at par under the Company’s Employees’ Stock Option Plan. The deemed date of allotment for the shares allotted is February 15, 2008.

Tata Teleservices Maharashtra Ltd has informed BSE that Mr. Charles Antony shall cease to be a Director and the Managing Director of the Company effective from the close of business hours of February 29, 2008.

Dr. Mukund Govind Rajan, Managing Director (Designate) has assumed the charge and full responsibilities as the Managing Director of the Company w.e.f. February 28, 2008.