Vodafone Idea AGR dues live court hearing updates: Supreme Court adjourns hearing to October 13; Stock down over 6%

Shares of Vodafone Idea Ltd fell sharply on Monday, October 6, slipping over 6% to ₹8.34 apiece on the NSE, after the Supreme Court adjourned the hearing on the company’s adjusted gross revenue (AGR) dues case to October 13. The verdict was initially expected today.

The Supreme Court has adjourned the Vodafone Idea AGR dues hearing to October 13, postponing a verdict that was initially expected today.

Shares of Vodafone Idea recovered sharply, rising 4% from the day’s low, after Bloomberg reported that the Indian government is considering a one-time settlement of the telecom operator’s past AGR dues.

According to a Bloomberg report, the Government of India is weighing a resolution of Vodafone Idea’s dues row as part of its broader strategy to strengthen relations with the United Kingdom. The report indicates that the Centre is considering a one-time settlement, which may include a waiver of interest and penalties, followed by concessions on the principal amount.

Sources cited by Bloomberg suggest that government officials are currently drafting the framework for this settlement, aiming to resolve long-standing adjusted gross revenue (AGR) disputes. The move comes as Vodafone Idea shares remain in focus ahead of the Supreme Court hearing scheduled later today on the company’s additional AGR dues plea.

Vodafone Idea has appointed Tejas Mehta as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective October 6, 2025.
This transition follows the completion of tenure for Murthy GVAS, who stepped down as CFO and KMP at the close of business hours on October 5, 2025. The appointment comes amid a crucial period for the telecom operator, which is facing financial challenges and awaiting the Supreme Court’s verdict on its AGR dues plea.

The Department of Telecommunications (DoT), (reportedly) in its affidavit to the Supreme Court, stated that the ₹9,450 crore additional AGR demand from Vodafone Idea was due to an “accounting gap” and not a reassessment of liabilities. It clarified that these dues surfaced after completing financial reconciliations and were not covered under the apex court’s 2019 AGR judgment. The government’s position suggests it is standing firm on recovering the dues while maintaining that the previous order remains final and binding.

Shares of Vodafone Idea Ltd declined almost 5% in early trade on Monday, October 6, as investor sentiment turned cautious ahead of the Supreme Court hearing on the company’s AGR dues plea, scheduled between 11:30 AM and 12 PM.

The Supreme Court is expected to take up Vodafone Idea’s AGR dues plea between 11:30 AM and 12 PM today. The hearing will determine the company’s challenge against the Department of Telecommunications’ additional demand of ₹9,450 crore.

Of the total ₹9,450 crore demand by the Department of Telecommunications, around ₹2,774 crore pertains to FY18–19 dues of the merged Vodafone Idea entity post its August 2018 consolidation. The remaining ₹5,675 crore relates to pre-merger liabilities of the Vodafone Group.

In August, Minister of State for Communications Chandra Sekhar Pemmasani confirmed that the Centre will not extend any new support beyond the ₹53,000 crore equity conversion done in 2021. Despite holding a 49% stake, the government maintains it is not a promoter and expects the company’s management to handle its revival independently.