Monitoring Agency Report for the quarter ended March 31, 2026.
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Bharti Airtel has submitted its quarterly monitoring agency report for the First and Final Call on partly paid-up equity shares from the October 2021 Rights Issue. The First and Final Call of Rs. 401.25 per share was payable between March 2–16, 2026, aggregating Rs. 15,740.54 Crores. The company received Rs. 15,695.98 Crore on 391,176,994 shares (out of 392,287,662 outstanding), meaning a small portion of call money was not received. Axis Bank Limited, acting as monitoring agent, confirms there is no deviation in the utilization of proceeds. Funds have been deployed toward DoT AGR dues (Rs. 82,740.94 Mn), repayment of HDFC & Axis Bank borrowings (Rs. 23,963.67 Mn), and general corporate purposes (Rs. 50,255.16 Mn). Unutilized proceeds were parked in fixed deposits with SBI and Axis Bank. The Audit Committee and Board reviewed the report on May 13, 2026.
The nil deviation confirms that Bharti Airtel has deployed the Rights Issue call proceeds exactly as disclosed in the offer document, which is a positive compliance signal for shareholders and reinforces the company's accountability in capital raising.