Bharti Hexacom approves ₹18 dividend, RPTs at 31st AGM
Bharti Hexacom Limited concluded its 31st AGM on August 11, 2026, where shareholders approved a final dividend of ₹18 per equity share for FY26. Key governance decisions included the ratification of cost auditor remuneration, an amendment to the MoA object clause, and the approval of material related party transactions with holding company Bharti Airtel Limited and fellow subsidiary Indus Towers Limited. Jagdish Saksena Deepak was re-appointed as a director. The meeting saw 98.23% voter participation, reflecting strong shareholder engagement.
*this image is generated using AI for illustrative purposes only.
Bharti Hexacom Limited shareholders approved a final dividend of ₹18 per equity share for FY26 and sanctioned material related party transactions (RPTs) with Bharti Airtel Limited and Indus Towers Limited at its 31st Annual General Meeting (AGM) held on August 11, 2026. The resolutions, which include an amendment to the Memorandum of Association (MoA), ensure continued operational alignment within the Bharti group ecosystem while rewarding investors with cash returns.
The meeting was conducted via video conference under Regulation 30 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders holding 49,11,46,863 votes, representing approximately 98.23% of the total paid-up equity capital, participated in the e-voting process. Harish Chawla of CL & Associates served as the scrutinizer for the proceedings, verifying the remote e-voting data provided by KFin Technologies Limited.
Key Resolutions Passed
The Board placed seven ordinary and special business items before the shareholders. All resolutions were passed with requisite majority. The promoter group abstained from voting on the RPT resolutions as required by regulatory norms.
| Resolution Type | Item Description | Status | Votes in Favour (%) |
|---|---|---|---|
| Ordinary Business | Adoption of audited financial statements for FY26 | Passed | 100.00% |
| Ordinary Business | Declaration of final dividend of ₹18 per share | Passed | 100.00% |
| Ordinary Business | Re-appointment of Jagdish Saksena Deepak as Director | Passed | 99.61% |
| Ordinary Business | Ratification of remuneration for Cost Auditors | Passed | 100.00% |
| Special Business | Amendment to Object Clause of MoA | Passed | 100.00% |
| Ordinary Business | Approval of RPTs with Bharti Airtel Limited | Passed | 99.99% |
| Ordinary Business | Approval of RPTs with Indus Towers Limited | Passed | 99.99% |
For the re-appointment of Chairman Jagdish Saksena Deepak, who was liable to retire by rotation, Mr. Rakesh Bharti Mittal chaired the specific segment of the meeting to ensure procedural compliance. The cost auditor for FY27, Sanjay Gupta & Associates, had its remuneration ratified by the shareholders.
Governance and Oversight
The meeting featured strong representation from the Board and statutory bodies. Directors present included Independent Directors Arun Gupta, Arvind Kohli, Ashok Tyagi, Kapal Kumar Vohra, and Nalina Suresh, alongside Non-executive Directors Devendra Khanna, Rakesh Bharti Mittal, and Soumen Ray.
Statutory Auditors from Deloitte Haskins & Sells LLP, represented by Partner Gautam Wadhera and Associate Director Rupesh Chaudhary, were in attendance. Secretarial Audit was overseen by Makarand M. Joshi & Co., with Partner Vaibhav Dandawate present. Cost Auditor Subhash Kumar Kundra of Sanjay Gupya & Associates also attended. Chief Financial Officer Karthikeyan Velu briefed members on the financial highlights for FY26, noting resilience in the Indian economy and growth opportunities in Rajasthan and North-East circles.
What This Means for Investors
The approval of material related party transactions is a standard but vital compliance step for listed entities operating within larger conglomerates. It ensures that ongoing business dealings with Bharti Airtel and Indus Towers are transparently sanctioned by minority shareholders, mitigating governance risks. The amendment to the MoA suggests a strategic realignment or expansion of the company’s permissible business activities, which may support future operational flexibility. With over 98% shareholder participation, the resolutions reflect broad consensus among the investor base regarding these corporate actions.
Historical Stock Returns for Bharti Hexacom
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.68% | -3.59% | -9.14% | -6.26% | -16.32% | 0.0% |
How will the amendment to the Memorandum of Association expand Bharti Hexacom's operational scope or enable new revenue streams beyond its current infrastructure services?
What specific growth initiatives in Rajasthan and North-East circles are driving the resilience highlighted by the CFO, and how might this impact FY27 revenue projections?
Given the sanctioned related party transactions, are there any new long-term service agreements or pricing adjustments expected with Bharti Airtel and Indus Towers that could affect future margins?
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