Meeting Details

The 20th AGM was held on Wednesday, August 19, 2026 at 02:30 P.M. (IST) through Video Conferencing/Other Audio Visual Means. 147 members attended the meeting. Mr. Sharad Bhansali, Independent Director, was elected as Chairman of the Meeting after the designated chairman, Mr. Dinesh Kumar Mittal, was unable to attend due to unavoidable circumstances.

Directors Present

  • Mr. Sharad Bhansali, Independent Director (Chairman of HR, Nomination & Remuneration Committee and Risk Management Committee)
  • Mr. Prachur Sah, Managing Director & CEO
  • Ms. Anita Kapur, Independent Director (Chairperson of Audit Committee and Stakeholders' Relationship Committee)
  • Mr. Rajan Bharti Mittal, Non-Executive Director
  • Mr. Rakesh Bharti Mittal, Non-Executive Director
  • Mr. Ramesh Abhishek, Independent Director (Chairman of Corporate Social Responsibility Committee and ESG Committee)
  • Mr. Randeep Singh Sekhon, Non-Executive Director
  • Mr. Soumen Ray, Non-Executive Director

Other Attendees

  • Ms. Samridhi Rodhe, Company Secretary & Compliance Officer
  • Mr. Abhishek Maheshwari, Chief Financial Officer
  • Mr. Harish Chawla, M/s. CL & Associates, Scrutinizer
  • Mr. Akash Agarwal, Representative of M/s. Deloitte Haskins & Sells LLP, Statutory Auditors
  • Mr. Vaibhav Dandawate, Representative of M/s. Makarand M. Joshi & Co., Secretarial Auditors

Business Conducted

The following items from the Notice of AGM dated July 27, 2026 were put to vote:

Ordinary Businesses:

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 the 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

Special Business:

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

Voting Process

Members who had not cast votes through remote e-voting were provided opportunity to vote during the AGM. The e-voting facility remained open for an additional 15 minutes. Mr. Harish Chawla was appointed to compile results and submit a Consolidated Scrutinizer's Report. The meeting concluded at 04:02 P.M. (IST).

Financial Performance Highlights (FY 2025-26)

The presentation included the following financial metrics:

  • Revenue: ₹32,493 crore (7.9% YoY growth from ₹30,123 crore in FY25)
  • EBITDA: ₹17,976 crore (-13.8% YoY from ₹20,845 crore in FY25)
  • EBITDA Margin: 55.3% (-13.9 percentage points from 69.2% in FY25)
  • Net Profit after Tax: ₹7,145 crore (-28.1% YoY from ₹9,932 crore in FY25)

Operational and Strategic Highlights

  • The company highlighted government initiatives including a ₹4,000 crore incentive-linked program to accelerate state-level adoption of RoW Rules, 2024
  • Telecom industry showed ~10% YoY growth in revenues
  • Company emphasized technological innovations including AI-enabled field operations, smart fuel management, and digital assistants
  • Deployed connectivity solutions in challenging terrains including Delhi-Dehradun Highway and Amarnath Route
  • Africa expansion readiness with entities and licenses in place for 3 countries
  • Employee initiatives: 18% women representation, 85% key leadership positions filled internally, 1,100+ employees given growth opportunities
  • CSR activities focused on empowering lives across the nation

Next Steps

Voting results will be communicated to Stock Exchanges subsequent to receipt of Consolidated Scrutiniser's Report, within prescribed timelines as per Regulation 44 of Listing Regulations.