Vodafone Idea Limited has scheduled an Extraordinary General Meeting (EGM) on Thursday, June 11, 2026, at 4:30 p.m. via Video Conferencing. The primary agenda is to seek shareholder approval for the issuance of up to 430,00,00,000 warrants on a preferential basis to Suryaja Investments Pte. Ltd., a member of the Promoter Group. The company aims to raise an aggregate amount of ₹4,730 crore through this issuance to fund capital expenditure and repay loans.

Warrant Issue Details

The warrants will be issued at a price of ₹11 per warrant, with each warrant convertible into one fully paid-up equity share of ₹10 face value at a premium of ₹1. The subscription involves an upfront payment of 25% (₹2.75) and the balance 75% (₹8.25) upon exercise. The warrants can be exercised in one or more tranches within 18 months from the date of allotment. The "Relevant Date" for determining the minimum price is Tuesday, May 12, 2026.

Utilization of Proceeds

The company plans to utilize the net proceeds for specific corporate objectives. The estimated allocation of funds is outlined below:

Acuité Ratings and Research Limited has been appointed as the monitoring agency to oversee the utilization of the issue proceeds.

E-Voting and Participation

Shareholders can participate in the EGM through remote e-voting, which commences on Monday, June 8, 2026, at 9:00 a.m. and concludes on Wednesday, June 10, 2026, at 5:00 p.m. Members may also vote during the EGM via the e-voting system. The cut-off date for determining eligibility to vote is Thursday, June 4, 2026. The meeting notice and details are available on the company’s website at www.myvi.in , as well as on the BSE and NSE websites.

Vodafone Idea has entered into a Share Purchase Agreement and a Power Purchase Agreement on May 20, 2026, to acquire not less than 26% of the paid-up equity share capital of MTK Quantum Green Energy Pvt. Ltd. The transaction involves a cash consideration of ₹4.33 crore and is expected to be completed in approximately six months. MTK Quantum Green Energy is a special purpose vehicle formed to own and operate a Captive Power Plant.

Strategic Rationale

The acquisition is intended to comply with regulatory requirements for captive power plants under the Electricity Act, 2003, and the Indian Electricity Rules, 2005. Additionally, the move aims to facilitate the procurement of cost-effective renewable energy. The target entity is currently in the process of setting up a Captive Solar Power Plant in Tamil Nadu.

Target Entity Details

MTK Quantum Green Energy Pvt. Ltd. was incorporated on October 29, 2025. It is currently a subsidiary of Shree MTK Textiles Private Limited. The company has an authorized share capital of ₹15,00,000 and a paid-up share capital of ₹1,00,000. As of the disclosure date, the entity reported nil turnover and operates within the renewable energy industry.

Transaction Parameters

The key details of the agreement are summarized below:

The company confirmed that the acquisition does not fall within related party transactions and that no specific governmental approvals are required for the transaction.