Vodafone Idea Share Price Drops Over 4% Amid AGR Dues Hearing in Supreme Court; Tejas Mehta Takes Over as CFO

Vodafone Idea's share price declined sharply in early trade on Monday, October 6, slipping over 4% as investor sentiment turned cautious ahead of a crucial Supreme Court hearing related to the company's adjusted gross revenue (AGR) liabilities. The stock fell as much as 4.53% to Rs 8.37 apiece on the BSE.

Vodafone Idea AGR Due Case Supreme Court Hearing Today

The Supreme Court is scheduled to hear Vodafone Idea's petition seeking the quashing of additional AGR demands raised by the Department of Telecommunications (DoT) for the period up to 2016-17. The case was earlier deferred from September 26 after the government sought more time to file its response-a request the telecom operator did not oppose.

At the core of the dispute is the DoT's demand of Rs 9,450 crore in additional AGR dues. Vodafone Idea has challenged the demand, arguing it exceeds the scope of the Supreme Court's previous ruling on AGR liabilities.

The government, which acquired a 49% equity stake in Vodafone Idea through the conversion of interest on dues into equity, has maintained it does not oppose the company's petition. However, it has stressed the need for a timely resolution, given its significant shareholding, although it is not listed as a promoter.

The Supreme Court, meanwhile, has emphasised the importance of bringing finality to the prolonged AGR matter that has deeply impacted India's telecom sector over the past several years.

Vodafone Idea Appoints Tejas Mehta as New CFO of VI

In a separate development, Vodafone Idea announced the appointment of Tejas Mehta as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective October 6, 2025. He succeeds Murthy GVAS, whose tenure ended on October 5.

Vodafone Idea Share Price Today

As of 11:35 AM on October 6, shares of Vodafone Idea Ltd were trading at Rs 8.76, marking a decline of 0.68% or Rs 0.06 for the day. The stock opened at Rs 8.95 and hit an intraday high of the same value, while slipping to a low of Rs 8.35 during early trade.

Vodafone Idea's stock has shown notable price fluctuations in recent months. The stock's 52-week high stands at Rs 10.47, while its 52-week low is Rs 6.12.

Despite the current volatility, Vodafone Idea's stock has shown some strength in recent months. It has gained 17% over the past month and 15% in the last three months. The stock is also up 7% over the past six months and has risen 6% on a year-to-date basis. However, over a longer horizon, the performance remains under pressure-down 14% in the past year and 23% over the last two years.

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