Meeting Details

  • Date: Wednesday, August 19, 2026
  • Time: 02:30 P.M. (IST)
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Type: 20th Annual General Meeting
  • Record Date: Wednesday, August 12, 2026
  • Total Shareholders on Record Date: 354,207

Proposed Resolutions and Implications

Five resolutions were proposed and approved:

1. To receive, consider and adopt the standalone and consolidated Financial Statements for the financial year ended March 31, 2026

2. To declare dividend on equity shares for financial year ended March 31, 2026

3. To re-appoint Mr. Soumen Ray (DIN: 09484511) as a Director liable to retire by rotation

4. To re-appoint Mr. Rajan Bharti Mittal (DIN: 00028016) as a Director liable to retire by rotation

5. To approve Material Related Party Transaction(s) with Bharti Airtel Limited

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Period commenced on Saturday, August 15, 2026 at 09:00 A.M. (IST) and ended on Tuesday, August 18, 2026 at 05:00 P.M. (IST)
  • E-voting during AGM: Facility provided for members attending through VC/OAVM
  • Service Provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: Mr. Harish Chawla, Partner, M/s CL & Associates, Company Secretaries, New Delhi

Key Voting Outcomes

Overall Participation

  • Total Issued Share Capital: Rs. 26,381,627,570 divided into 2,638,162,757 equity shares of face value Rs. 10/- each
  • Total Votes Cast: 2,41,34,63,966 shares (91.4828% of total shares)
  • Shareholders Attended via VC: 147 (6 Promoter Group + 141 Public)

Resolution-wise Results:

Resolution 1: Adoption of Financial Statements

  • Total Votes: 2,41,34,63,966 (91.4828%)
  • In Favour: 2,41,33,69,855 (99.9961%)
  • Against: 94,111 (0.0039%)

Resolution 2: Dividend Declaration

  • Total Votes: 2,41,67,69,122 (91.6080%)
  • In Favour: 2,41,67,62,211 (99.9997%)
  • Against: 6,911 (0.0003%)

Resolution 3: Re-appointment of Mr. Soumen Ray

  • Total Votes: 2,41,64,27,040 (91.5951%)
  • In Favour: 2,08,87,96,639 (86.4415%)
  • Against: 32,76,30,401 (13.5585%)

Resolution 4: Re-appointment of Mr. Rajan Bharti Mittal

  • Total Votes: 2,41,64,27,040 (91.5951%)
  • In Favour: 2,02,42,42,191 (83.7701%)
  • Against: 39,21,84,849 (16.2299%)

Resolution 5: Related Party Transaction with Bharti Airtel

  • Total Votes: 1,06,36,24,653 (40.3169%)
  • In Favour: 1,06,36,15,613 (99.9992%)
  • Against: 9,040 (0.0008%)

Category-wise Voting Breakdown:

Promoter & Promoter Group voted 100% in favour on all resolutions except Resolution 5 where they were interested parties and did not vote.

Public Institutions showed significant dissent on director re-appointments:

  • Soumen Ray: 31.0694% against
  • Rajan Bharti Mittal: 37.1910% against

Scrutinizer's Role and Findings

Mr. Harish Chawla was appointed scrutinizer by the Board of Directors on April 30, 2026. His responsibilities included:

  • Scrutinizing voting through electronic means
  • Verifying data and reports generated from NSDL voting system
  • Unblocking votes cast during e-voting after AGM conclusion in presence of witnesses
  • Submitting consolidated scrutinizer's report

The scrutinizer confirmed that all resolutions were passed with requisite majority and the voting process complied with applicable regulations.

Compliance with Laws and Regulations

The company confirmed compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 and Rules thereunder
  • MCA and SEBI circulars, including SEBI Master Circular dated January 30, 2026
  • Newspaper advertisements were published in Mint (English) and Hindustan (Hindi) on July 27 and July 29, 2026

Special Shareholding Considerations

The total issued share capital includes:

  • 50 shares in Unclaimed Suspense Account (voting rights frozen)
  • 1,98,911 equity shares held by Indus Towers Employees' Welfare Trust (voting rights not exercised)
  • 6,768 equity shares transferred to IEPF (voting rights frozen)