Bharti Airtel Limited has scheduled an Extraordinary General Meeting (EGM) on Friday, June 12, 2026, at 3:00 P.M. (IST) through video conferencing. The meeting seeks shareholder approval for the issuance of up to 146,761,335 equity shares on a preferential basis to Indian Continent Investment Limited (ICIL), a promoter group entity. The issuance is against the swap of up to 595,204,251 equity shares held by ICIL in Airtel Africa plc, aggregating to a total consideration of ₹282.22 Billion.

The preferential allotment will be made at a price of ₹1,923 per equity share, including a premium of ₹1,918 per share. The transaction is a cashless share swap intended to consolidate Bharti Airtel's stake in its strategic subsidiary, Airtel Africa, from 62.73% to 79.04%. Post-allotment, the promoter group's shareholding in Bharti Airtel will increase from 48.87% to 50.07%.

E-Voting and Participation Details

The company has established Friday, June 05, 2026, as the cut-off date for reckoning voting rights. Remote e-voting facilities will be available from 9:00 A.M. (IST) on Monday, June 08, 2026, until 5:00 P.M. (IST) on Thursday, June 11, 2026. Members who have not cast their vote via remote e-voting may vote during the EGM through the e-voting facility provided on the video conferencing platform.

Shareholder Communication

The notice for the EGM has been dispatched via electronic mode only to members whose email addresses are registered with the company or its Registrar and Share Transfer Agent, KFin Technologies Limited, as on Friday, May 15, 2026. The electronic dispatch of the notice was completed on Thursday, May 21, 2026. Physical copies are not being distributed. Members holding shares in physical form must submit Form ISR-1 to KFin Technologies Limited to update their contact details, while those holding shares in dematerialized form should update their details with their respective Depository Participants.

The company has highlighted a 'Special Window' opened by SEBI from February 05, 2026, to February 04, 2027, for the re-lodgement of physical share transfer requests. Additionally, members holding shares in physical form must furnish PAN and KYC details to lodge grievances or receive dividends electronically.

Bharti Airtel Limited has disclosed that it received a notice from the Department of Telecommunications (DoT), Karnataka LSA, regarding a penalty for alleged non-compliance with subscriber verification norms. The notice, received on May 20, 2026, imposes a financial penalty of ₹2,09,000 on the company.

The regulatory action follows a Customer Application Form (CAF) Audit conducted by the DoT for March 2026. The audit alleged that the company violated the terms and conditions of its License Agreement concerning the verification of customers before enrollment. Under the license terms, the company is required to ensure adequate verification of subscribers and comply with specific instructions issued by the DoT in this regard.

In response to the communication, Bharti Airtel stated that the maximum financial impact of the matter is limited to the amount of the penalty levied. The company has confirmed that it has opted not to contest the notice and will proceed with paying the imposed penalty.

Details of the Notice

The table below outlines the key details of the regulatory notice and the company's response: