Vodafone Idea Limited has allotted 430 crore warrants to Suryaja Investments Pte. Ltd, a member of the Promoter Group and an Aditya Birla Group entity, at an issue price of ₹11 per warrant. The allotment was approved by the Capital Raising Committee on 22 June 2026, following prior authorization from the Board and shareholders. The company received ₹1,182.50 crore against 25% of the issue price, amounting to ₹2.75 per warrant, while the remaining 75% is payable upon conversion.

The warrants are convertible into one fully paid-up equity share of the company with a face value of ₹10 at a premium of ₹1 each. This conversion can be exercised in one or more tranches within 18 months from the date of allotment. The issuance does not result in an immediate increase in the paid-up equity share capital of the company as the allotment pertains to warrants.

The Board of Directors had initially approved the issuance of warrants on a preferential basis at its meeting on 16 May 2026. Subsequently, the shareholders passed a special resolution approving the move at an Extra-Ordinary General Meeting held on 11 June 2026.

Key Details of the Allotment

Vodafone Idea shareholders have approved the issuance of warrants on a preferential basis at an Extraordinary General Meeting (EGM) held on June 11, 2026. The resolution received overwhelming support, with 100% of the votes polled cast in favour, solidifying the telecom operator's strategy to raise capital through promoter-backed instruments.

Voting Results Summary

The voting process combined remote e-voting and electronic voting conducted at the venue via video conferencing. A total of 92,07,81,04,864 votes were polled, representing 84.99% of the company's total outstanding shares. The resolution was passed with the requisite majority required under the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Breakdown of Votes

The following table details the voting pattern across different shareholder categories:

Procedural Details

Mr. Umesh Ved, Practicing Company Secretary and Proprietor of M/s. Umesh Ved & Associates, was appointed as the Scrutinizer to oversee the voting process. Remote e-voting was open from June 8, 2026, to June 10, 2026. The votes were unblocked on June 11, 2026, after the conclusion of the meeting in the presence of independent witnesses. The results have been uploaded to the company's website and the National Securities Depository Limited portal.