Ahmedabad Times

The shares of Vodafone Concept gained as a lot as 3.2% to their day’s excessive of Rs 11.15 on the BSE on Wednesday after the corporate named billionaire industrialist Kumar Mangalam Birla as its non-executive chairmanaround 5 years after he resigned from the identical function within the telecom big amid monetary stress.

In an change submitting launched on Tuesday, Vodafone Concept introduced that its board of administrators accepted the request of veteran Ravinder Takkar to step down because the non-executive chairman of the board, efficient instantly. He’ll proceed to stay a non-executive director on the firm, and was appointed because the non-executive vice chairman.

Birla in the meantime will instantly take over because the non-executive chairman of telecom big’s board. He was already serving as a non-executive director at Vodafone Concept.

Additionally Learn | Kumar Mangalam Birla appointed Vodafone Concept’s Non-Government Chairman; Ravinder Takkar steps down

Vodafone Concept’s monetary troubles

Through three way partnership between the Aditya Birla Group and Vodafone Group, was fashioned to deal with the numerous competitors unleashed after Reliance Jio’s entry into the market again in 2016. Nonetheless, India’s third-largest telco by market share quickly got here underneath stress as a result of rising AGR dueswith administration highlighting issue in surviving until some concessions got.
Underneath a 2021 telecom aid bundle, the federal government transformed a portion of Vi’s dues into fairness, ultimately elevating its stake to 48.99%, making it the corporate’s largest shareholder. In February 2023, almost Rs 16,000 crore of curiosity on deferred spectrum and AGR dues was transformed into fairness, giving the federal government a couple of 33% stake on the time. This was adopted by the conversion of an extra Rs 36,950 crore of spectrum public sale dues into fairness in April 2025. In the identical yr, Birla resigned.
Additionally Learn | Kumar Birla again as Vodafone Concept’s non-exec Chair amid turnaround try
The federal government in December 2025 accepted a partial moratorium on Vi’s dues, freezing them at Rs 87,695 crore and deferring repayments to the 2030s, which offered near-term money circulation aid for the debt-ridden agency.

Earlier this month, Vodafone Concept introduced that the Division of Telecommunications (DoT) decreased the telco’s adjusted gross income (AGR) dues by 27% to Rs 64,046 crore as of December 31. It added that DoT fashioned a committee to reassess its AGR dues as per the order handed by the Supreme Court docket earlier. DoT in January this yr had frozen AGR dues at Rs 87,695 crore as of December 31, 2025.

Additionally Learn | Vodafone Concept shares rally 8% after govt cuts AGR dues by 27%. Time to purchase?

It added that, as per the newest authorities order, the ultimate quantity shall be payable in tranches. A minimal of Rs 100 crore shall be paid yearly over 4 years from FY32 to FY35. The remaining quantity shall be paid in six equal installments yearly from FY36 to FY41.

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