Meeting Details

  • Date: Thursday, 27 August 2026
  • Time: 4:30 P.M. (IST)
  • Location: Held through Video Conferencing (VC) without physical presence
  • Venue (Deemed): Registered Office at Suman Tower, Plot No. 18, Sector - 11, Gandhinagar - 382 011, Gujarat
  • Type: Annual General Meeting

Proposed Resolutions and Implications

Ordinary Business:

1. To receive, consider and adopt:

  • (a) Audited Standalone Financial Statements for FY ended March 31, 2026, with Reports of Board of Directors and Auditors
  • (b) Audited Consolidated Financial Statements for FY ended March 31, 2026, with Report of Auditors

2. To appoint a Director in place of Mr. Sushil Agarwal (DIN: 00060017) who retires by rotation and offers himself for re-appointment

3. To appoint a Director in place of Mr. Sunil Sood (DIN: 03132202) who retires by rotation and offers himself for re-appointment

Special Business:

4. Ratification of remuneration payable to Cost Auditors for FY 2026-27: Ordinary Resolution to ratify remuneration of ₹12,00,000/- plus applicable taxes and reimbursement of travel/out-of-pocket expenses to M/s. Sanjay Gupta & Associates, Cost Accountants (Firm Registration No.: 000212)

5. Payment of Remuneration to Independent Directors: Special Resolution to approve payment of remuneration up to ₹30,00,000/- to each Independent Director per financial year (pro-rated for period served) for 3 financial years from April 1, 2026 to March 31, 2029, in addition to sitting fees and expense reimbursements. This remuneration may exceed limits prescribed under Section 197(1)(ii) read with Section II of Part II of Schedule V of the Companies Act, 2013.

Voting Process and Methods

  • The company provides facility of remote e-voting through National Securities Depository Limited (NSDL)
  • Remote e-voting period: Sunday, August 23, 2026 (09:00 A.M.) to Wednesday, August 26, 2026 (5:00 P.M.)
  • E-voting during AGM also available for members who haven't voted remotely
  • Cut-off date for voting rights: Thursday, August 20, 2026
  • Members can join AGM through VC mode 15 minutes before/after scheduled time
  • VC facility available for 1,000 members on 'first come first serve' basis (excludes large shareholders, promoters, institutional investors, directors, KMPs, auditors)
  • Physical proxy facility not available for this VC meeting

Key Voting Outcomes

  • Voting results will be declared along with Scrutinizer's Report
  • Results will be forwarded to BSE Limited and National Stock Exchange of India Limited
  • Results will be simultaneously uploaded on company website (www.myvi.in) and NSDL website (www.evoting.nsdl.com)
  • Specific voting percentages and category-wise breakdown are not provided in this notice as voting hasn't occurred yet

Scrutinizer Appointment

  • Mr. Umesh Ved, proprietor of Umesh Ved & Associates, Practicing Company Secretaries, appointed as Scrutinizer
  • Role: To scrutinize the remote e-voting process and e-voting at the AGM in a fair and transparent manner

Compliance with Laws and Regulations

  • Meeting conducted pursuant to General Circular No. 03/2025 dated September 22, 2025 and other Circulars issued by MCA and SEBI
  • Compliance with Section 102 of Companies Act, 2013 through Explanatory Statement for special business items
  • Compliance with Regulation 17(6) of SEBI Listing Regulations for director remuneration approval
  • Compliance with Section 148 of Companies Act, 2013 for cost auditor remuneration ratification
  • Compliance with Section 108 of Companies Act, 2013 and Rule 20 of Companies (Management and Administration) Rules, 2014 for e-voting facility
  • Compliance with Secretarial Standard SS-2 on General Meetings issued by ICSI

Additional Financial and Operational Information

  • Company reported standalone PAT of ₹34,482 Cr for FY 2025-26 after accounting for one-time gain on AGR reassessment
  • AGR dues reassessed at ₹64,046 Cr (reduced from ₹87,695 Cr), payable in installments from 2026 to 2041
  • Company raised substantial equity of ~₹24,500 Cr including FPO of ₹18,000 Cr during FY24 and FY25
  • Government holds 49% shareholding after conversion of spectrum dues of ~₹36,900 Cr into equity
  • Company entered into network expansion agreements worth approximately ₹30,000 Cr with global technology partners
  • Added over 31,000 broadband towers in FY25 and FY26, taking total broadband tower count to over 202,000
  • Overall capex for FY25 and FY26 was about ₹18,500 Cr
  • Register of Members and Share Transfer Books will remain closed from August 20, 2026 to August 27, 2026 (both days inclusive)
  • Unpaid/unclaimed dividend for Financial Years 2012-13 to 2015-16 already transferred to IEPF
  • Refund amounts pertaining to Rights Issue 2019 due for transfer to IEPF on or before July 10, 2026

Shareholder Information

  • Notice and Annual Report sent via email to members with registered email addresses
  • Documents available on company website (www.myvi.in), stock exchange websites (BSE, NSE), and NSDL website
  • Members can inspect relevant documents electronically by emailing shs@vodafoneidea.com
  • Members urged to dematerialize shares as securities can only be transferred in dematerialized form except for transmission/transposition
  • Special window open until February 4, 2027 for transfer of physical shares executed before April 1, 2019