Winro Commercial (India) Limited has completed the payment of first and final call money for its partly paid-up equity shares in Bharti Airtel Limited. The company made a payment of ₹42,98,01,746.25 on March 13, 2026, converting its existing partly paid-up shares to fully paid-up equity shares.

Transaction Details

The call money payment covers 10,71,157 partly paid-up equity shares of Bharti Airtel Limited at ₹401.25 per share. The amount has been blocked through the ASBA (Application Supported by Blocked Amount) mechanism in the company's bank account as of March 13, 2026, at 5:00 PM.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction required disclosure as the total call money payable exceeded the threshold of 2% of the company's net worth as per its last audited consolidated financial statements.

About the Investment

Winro Commercial, being a Non-Banking Financial Company (NBFC), made this investment in the ordinary course of business as a financial investor. The company confirmed that this acquisition does not fall within related party transactions, and no promoter or group companies have any interest in the entity being acquired.

Target Company Profile

Bharti Airtel Limited, incorporated on July 7, 1995, operates primarily in telecommunication services in India and globally. The company's financial performance shows consistent growth:

As of March 31, 2025, Bharti Airtel Limited reported a net worth of ₹1,11,752.88 crores with an existing paid-up capital of ₹29,00,08,86,172.50.

Process Completion

Upon completion of the call money payment process, the amount will be debited from Winro Commercial's bank account, and Bharti Airtel Limited will issue 10,71,157 fully paid-up equity shares to the company. The transaction will not result in any change in the number of shares or percentage of shareholding held by Winro Commercial, maintaining its 0.02% stake in Bharti Airtel Limited.

Winro Commercial (India) Limited has delivered a strong financial performance for the quarter ended December 31, 2025, marking a significant turnaround from the previous year's corresponding period. The Mumbai-based Non-Banking Financial Company announced its unaudited results following a Board meeting held on February 13, 2026.

Standalone Financial Performance

The company's standalone operations demonstrated remarkable improvement across key financial metrics for Q3FY26:

The revenue composition for Q3FY26 included interest income of ₹688.31 lakhs, dividend income of ₹9.95 lakhs, and significant net gains on fair value changes of ₹2,768.33 lakhs. Total expenses for the quarter were controlled at ₹286.27 lakhs, substantially lower than ₹665.57 lakhs in the previous year.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the standalone performance showed consistent strength:

The nine-month period reflected strong operational performance with net gains on fair value changes contributing ₹20,315.28 lakhs to revenue, while interest income reached ₹1,974.90 lakhs.

Consolidated Results

The consolidated financial results, which include the company's associates, showed enhanced performance:

The company's share in profit from associates contributed ₹3,448.16 lakhs for the quarter and ₹14,380.21 lakhs for the nine-month period.

Business Segment Performance

Winro Commercial operates primarily in two business segments. The segment-wise performance for Q3FY26 showed:

Standalone Segment Analysis:

• Investments and trading in shares and securities generated income of ₹2,311.09 lakhs
• Lending activities contributed ₹686.41 lakhs
• Net assets in investments and trading segment stood at ₹2,90,632.31 lakhs

Consolidated Segment Performance:

• Total income from investments and trading reached ₹8,050.16 lakhs
• Combined net assets across all segments totaled ₹3,22,369.00 lakhs

Tax and Other Comprehensive Income

The company's tax expenses for Q3FY26 were ₹626.13 lakhs, comprising current tax of ₹583.48 lakhs and deferred tax of ₹42.65 lakhs. Other comprehensive income showed a negative impact of ₹408.86 lakhs, primarily due to equity instruments through other comprehensive income.

Company Overview

Winro Commercial (India) Limited is a Non-Banking Financial Company registered with the Reserve Bank of India, engaged in investment and trading in shares and securities along with lending activities. The company maintains its registered office at Nariman Point, Mumbai, and operates with a paid-up equity share capital of ₹125.25 lakhs.