TIM S.A. Annual and Extraordinary Shareholders' Meeting Summary
The minutes of the Annual and Extraordinary Shareholders' Meeting of TIM S.A. held on March 31st, 2026, detail the resolutions passed by the shareholders. Key decisions included the approval of the 2025 financial statements and management report, the allocation of 2025 net profits amounting to R$4,311,984,064.94, with specific amounts allocated to Profit Reserve, Legal Reserve, and as interest on shareholders' equity/dividends. The meeting also ratified the appointment of DenΓsio Augusto Liberato Delfino as an independent Board member and approved the composition and election of members for the Fiscal Council, with a separate election process for minority shareholder-nominated candidates. Compensation for management and the Fiscal Council for 2026 was approved, totaling R$55,522,000.00. Furthermore, the shareholders approved a twelve-month extension of the Cooperation and Support Agreement with Telecom Italia S.p.A. until April 30th, 2027, and approved the amendment and consolidation of the Company's By-Laws to adjust the number of outstanding common shares.