Bharti Airtel Limited has made a disclosure to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 read with Clause 20 of Para A of Part A of Schedule III of SEBI Listing Regulations.
The disclosure concerns a notice received by the Company from the Department of Telecommunications, Maharashtra LSA ('DoT').
Nature of the Disclosure
The disclosure is a regulatory filing regarding the receipt of a penalty notice from a licensing authority.
Key Quantitative Figures
The notice imposes a penalty of ₹1,57,000 for alleged violation of subscriber verification norms.
Parties Involved
The notice was issued by the Department of Telecommunications, Maharashtra LSA (DoT). The recipient is Bharti Airtel Limited. The disclosure was signed by Rohit Krishan Puri, Company Secretary & Compliance Officer.
Purpose and Material Contents
The notice pertains to an alleged violation of terms and conditions related to subscriber verification norms under the License Agreement. The DoT conducts periodic Customer Application Form Audits (CAF Audit) to confirm compliance with licensing terms, which require adequate verification of customers before enrolling them as subscribers. The specific audit was conducted for March 2026.
Financial Impact
The maximum financial impact is quantified to the extent of the penalty levied, which is ₹1,57,000.
Company Action
The company has opted to pay the penalty and will not contest it.