Monitoring Agency Report for the quarter ended March 31, 2026.
BHARTIARTL · price
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Bharti Airtel has submitted its quarterly monitoring report for the First and Final Call proceeds from the 2021 Rights Issue. Axis Bank Limited, acting as Monitoring Agent, confirmed there is no deviation in the utilization of funds. 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 partly paid-up shares. Funds were deployed as planned: Rs. 8,274.09 crore for DoT AGR dues, Rs. 2,396.37 crore for bank borrowings repayment, and Rs. 5,025.52 crore for general corporate purposes. Unutilized funds were placed in Fixed Deposits with SBI and Axis Bank.
Positive signal for shareholders — the nil deviation confirms Bharti Airtel properly deployed the rights issue proceeds as disclosed in the offer document, with no material changes to the planned use of funds.