Bharti Airtel Limited has accepted the resignation of Mr. Siddharth Sharma from the positions of CEO - Connected Homes and Director of Marketing, effective from the close of business hours on July 19, 2026. The executive is departing to pursue a new professional opportunity within the Singtel group. This transition marks a change in the company's senior management personnel overseeing its connected homes and marketing divisions.

The resignation was disclosed to the National Stock Exchange of India and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mr. Sharma will cease to be a Senior Management Personnel of the company effective July 19, 2026.

In his resignation letter addressed to Shashwat Sharma, Managing Director & CEO (Airtel India), Mr. Sharma expressed his appreciation for the opportunities extended during his tenure. He committed to serving in his current role until the effective date to ensure a smooth transition of his responsibilities.

The following table summarizes the key details of the management change:

The company stated that the required details under SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, were enclosed with the regulatory filing. Bharti Airtel has not yet announced a successor for the vacated positions.

Bharti Airtel has paid a penalty of ₹2,08,000 to the Department of Telecommunications (DoT) following a notice regarding alleged violations of subscriber verification norms. The telecom operator received the communication from the Karnataka LSA on June 16, 2026, and decided not to contest the order. The financial impact is limited to the penalty amount levied by the authority.

The notice was issued under the terms of the License agreement, which mandates the company to ensure adequate verification of customers before enrolling them as subscribers. The DoT conducts periodic Customer Application Form (CAF) Audits to confirm compliance with these licensing terms and conditions. The penalty was imposed following such an audit by the authority.

Rohit Krishan Puri, Company Secretary & Compliance Officer at Bharti Airtel, disclosed the details of the notice to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the information submitted regarding the penalty and the subsequent decision to pay it was true and correct to the best of its knowledge.

The table below outlines the key details of the regulatory action: