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Bharti Airtel Confirms Rs. 15,714.47 Crore Utilization with Nil Deviation in First and Final Call Proceeds for Q2 2026

Monitoring agency Axis Bank verifies full compliance in utilization; board reviews report on November 5, 2026

Bharti Airtel Limited announced the monitoring agency report confirming nil deviation in the utilization of proceeds amounting to Rs. 15,714.47 Crore from the First and Final Call on partly paid-up shares as of September 30, 2026. The monitoring was conducted by Axis Bank Limited and reviewed by the company's Audit Committee and Board on November 5, 2026.

7 hours ago|BHARTIARTL-0.52%
Bharti Airtel LimitedBHARTIARTUAIRTELPPCorporate Action

Bharti Airtel Limited

Corporate Action

Bharti Airtel Limited reported zero deviation in the usage of Rs. 15,714.47 Crore proceeds from the First and Final Call on partly paid-up shares for the quarter ended September 30, 2026, based on a monitoring agency report by Axis Bank Limited.

The monitoring agency report dated November 5, 2026, prepared by Axis Bank Limited, confirms that the utilization of First and Final Call proceeds adhered strictly to the intended purposes described in the rights issue offer.

This compliance monitoring covers the funds received after the First and Final Call announced by Bharti Airtel, which aggregated Rs. 15,695.98 Crore initially, with further inflows increasing the total to Rs. 15,714.47 Crore by the end of September 2026.

The company’s Audit Committee and Board of Directors reviewed the monitoring agency report and the related statement of nil deviation during meetings held on November 5, 2026, taking note of the report for corporate records.

Highlights

  • Axis Bank Limited served as the independent monitoring agency for the quarter ended September 30, 2026.
  • There were no deviations or variations found in the utilization of funds from the First and Final Call proceeds.
  • The total proceeds monitored amount to Rs. 15,714.47 Crore as of September 30, 2026.
  • The monitoring was conducted in accordance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and SEBI Issue of Capital and Disclosure Requirements Regulations, 2018.
  • Bharti Airtel’s Board reviewed and took note of the monitoring agency report on November 5, 2026.

Key Data Snapshot

Total proceeds utilized from First and Final CallRs. 15,714.47 Crore
Monitoring agencyAxis Bank Limited
Monitoring period end dateSeptember 30, 2026
Date of monitoring agency reportNovember 5, 2026
Rights issue total sizeRs. 20,987.39 Crore
Period of rights issueOctober 05, 2021 to October 21, 2021
Shares allotted in rights issue392,287,662 equity shares
Offer price per shareRs. 535 per share

What happened

  • Bharti Airtel received Rs. 15,714.47 Crore through the First and Final Call on partly paid-up equity shares.
  • Axis Bank Limited was appointed as an independent monitoring agency to oversee the utilization of these proceeds.
  • The monitoring agency found no deviations or variations from the disclosed utilization as per the offer document.

Key details

  • The rights issue was conducted between October 5, 2021, and October 21, 2021, with a total size of Rs. 20,987.39 Crore.
  • The First and Final Call was decided by the Board on December 18, 2025, payable in March 2026.
  • As of September 30, 2026, the total amount received from this call was Rs. 15,714.47 Crore.
  • The monitoring report complies with SEBI regulations and certifies proper and transparent usage of funds.

Regulatory and governance context

  • Monitoring and disclosure made under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
  • The Audit Committee and Board reviewed and took note of the monitoring agency report and the statement of nil deviation on November 5, 2026.

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Bharti Airtel Confirms Rs. 15,714.47 Crore Utilization | Stockk News