Bharti Airtel EGM approves share swap with ICIL

Bharti Airtel Limited held an Extraordinary General Meeting (EGM) on June 12, 2026, to approve the issuance of equity shares on a preferential basis to Indian Continent Investment Limited (ICIL), a promoter group entity. The proposal involves the swap of shares held by ICIL in Airtel Africa plc, a subsidiary company. The meeting was conducted through video conferencing, with 241 members holding 2,981,723,443 equity shares, representing 48.93% of the total equity paid-up capital, in attendance.

The EGM was chaired by Mr. Gopal Vittal, Executive Vice Chairman, after being called to order by Mr. Sunil Bharti Mittal, Chairman. The proceedings included an overview of the proposal, highlighting its strategic rationale, valuation framework, and expected long-term value for the company and its shareholders. The company provided a remote e-voting facility, which was open from June 8, 2026, to June 11, 2026, allowing members to cast their votes prior to the meeting.

Key Attendees

The meeting saw the participation of key members of the Board and senior management. The following directors were present:

Name	Designation
Mr. Sunil Bharti Mittal	Chairman
Justice (Retd.) Arjan Kumar Sikri	Independent Director
Ms. Chua Sock Koong	Non-executive Director
Mr. Douglas Anderson Baillie	Independent Director
Mr. Dinesh Kumar Khara	Independent Director
Mr. Gopal Vittal	Executive Vice Chairman
Ms. Kimsuka Narsimhan	Independent Director
Ms. Nisaba Godrej	Independent Director
Mr. Rajan Bharti Mittal	Non-executive Director
Mr. Shashwat Sharma	Managing Director & CEO (Airtel India)
Mr. Shyamal Mukherjee	Independent Director

Statutory and Secretarial Oversight

Mr. Rohit Krishan Puri, Company Secretary & Compliance Officer, was present along with representatives from Deloitte Haskins & Sells LLP, the Statutory Auditors, and Makarand M. Joshi & Co, the Secretarial Auditors. Mr. Harish Chawla, Partner of CL & Associates, served as the Scrutinizer for the meeting. The meeting concluded at 3:57 P.M. (IST).

The company is currently compiling the voting results regarding the resolution and will submit the same to the stock exchanges in due course. The intimation was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.24%	+0.20%	+3.56%	-11.24%	-2.03%	+243.30%

Bharti Airtel has deployed over 2900 new 5G sites across the Upper North region in the past 12 months, significantly boosting high-speed connectivity for over 28.6 million customers. The expansion spans 77 districts across Punjab, Haryana, Himachal Pradesh, and Jammu & Kashmir, aiming to bridge connectivity gaps and power the region's digital transformation. This network densification strategy ensures faster speeds, wider coverage, and a superior experience for users ranging from urban centers to remote rural villages.

5G Network Expansion Across Upper North

The rollout of more than 2900 new 5G sites marks a major step in Bharti Airtel's infrastructure development. The company activated more than eight new sites daily to meet the surging data demand in the region. This initiative delivers seamless streaming, rapid downloads, and dependable digital payments to citizens, students, micro-entrepreneurs, and government institutions.

The following table summarises the key details of the 5G network expansion:

Parameter:	Details
New 5G Sites Added:	Over 2900
Regions Covered:	Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir
Districts Covered:	77
Users Served:	28.6 million

Regional Breakdown of New Sites

The deployment includes specific site additions across the four key states and union territories:

Punjab: 1,066+ new sites
Haryana: 954+ new sites
Himachal Pradesh: 276+ new sites
Jammu & Kashmir: 619+ new sites

Anupam Arora, CEO – Upper North, Bharti Airtel, stated that the continued investments underscore the company's commitment to providing a future-ready network and staying ahead of the surging data demand in the region.