Tata Communications Ltd on Tuesday said its subsidiary Tata Communications Ltd and the Canada Revenue Agency have reached an agreement in principle to settle tax claims related to income from TC Canada’s international telecommunications services. The agreement was reached on September 14, 2026, and covers claims raised by the Canada Revenue Agency following audits of Tata Communications international telecommunications services and support services for its signalling business.
The company said there is currently no material impact expected on its financials pursuant to the in-principle settlement agreement. Tata Communications had earlier disclosed on June 28, 2025, that TC Canada and the CRA had reached an in-principle agreement to settle claims related to the determination of taxable income from the signalling business.
The terms of the settlement are currently under finalisation. Tata Communications said it will make the necessary disclosures and provide appropriate updates once the settlement documents are executed between the parties. The parties currently do not have a definitive timeline for completion of the settlement documents.
Further, Tata Communications Ltd has issued and allotted Commercial Paper aggregating to ₹400 crore. The Commercial Paper was issued on September 11, 2026, and has a redemption date of October 22, 2026. The face value of each security is ₹5 lakh, with a discount rate of 5.99% per annum.
Shares of Tata Communications Ltd ended at ₹1,745.30, down by ₹17.95, or 1.02%, on the BSE.