Vodafone Idea Ltd shares are expected to be in focus today, Monday, October 27, as the Supreme Court is set to deliver its verdict on the company’s plea related to additional Adjusted Gross Revenue (AGR) dues. The matter is listed for hearing around 11 AM, after being deferred in the previous session on October 13.
During the October 13 hearing, the Supreme Court postponed the case after the Centre requested more time to present its stand. The apex court had then asked the government to take a clear position on the issue and adjourned the matter till after Diwali, scheduling it for October 27.
In its petition, Vodafone Idea has sought a waiver of penalty and interest on an AGR demand of ₹9,450 crore, contending that the demand extends beyond the scope of the court’s earlier ruling on AGR liabilities. According to reports, the company’s plea challenges the additional AGR demand raised by the Department of Telecommunications (DoT), which covers dues up to the financial year 2019.
Of the total disputed amount, around ₹2,774 crore pertains to the post-merger Vodafone Idea entity, while ₹5,675 crore relates to liabilities from the pre-merger Vodafone Group.
The case carries major implications for Vodafone Idea’s financial health. The company continues to face heavy debt and funding challenges even as the government has become its single largest shareholder. In March 2025, the Centre converted ₹36,950 crore worth of outstanding spectrum auction dues into equity. Earlier in 2023, the government had taken a 33% stake in the telecom operator in lieu of statutory dues worth ₹16,000 crore.
