NSE/BSE Codes: BSE: 544162, NSE: BHARTIHEXA

Summary of Key Information:

Nature of Event / Disclosure:

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding a favorable development in material litigation concerning one-time spectrum charges (OTSC).

Involved Parties / Authorities:

  • Bharti Hexacom Limited (Listed Entity)
  • Bharti Airtel Limited (Promoter)
  • Department of Telecommunications (DoT) - Government Authority
  • Hon'ble Bombay High Court - Judicial Authority

Date / Timeline of Event:

  • January 8, 2013: Original demand notice issued by DoT
  • 2018: Demand notice revised by DoT
  • June 8, 2026: Bombay High Court judgment date
  • June 8, 2026, 17:56 IST: Judgment uploaded on Bombay High Court website
  • June 9, 2026: Date of this regulatory disclosure filing

Brief Description of Outcome / Dispute:

The Company, through its promoter Bharti Airtel Limited, had filed a petition before the Bombay High Court challenging a demand notice for one-time spectrum charge (OTSC) of ₹473.7 crore pertaining to the Company's two telecom circles (Rajasthan and North East Circle). The Hon'ble Bombay High Court has allowed the petition and set aside the impugned demand.

Impact of Outcome:

Financial Impact:

The favorable judgment results in the elimination of a potential liability of ₹473.7 crore that was being contested by the company. This removes a significant financial contingency from the company's balance sheet.

Operational / Business / Strategic Impact:

The positive outcome removes regulatory uncertainty regarding spectrum charges in the Rajasthan and North East telecom circles, allowing the company to operate without this pending financial obligation. It also potentially improves the company's financial position and investor confidence.

Other Implications:

The judgment represents a successful challenge to regulatory demands and may set a precedent for similar cases in the telecommunications sector. It demonstrates the company's ability to effectively navigate regulatory challenges through legal channels.

Next Steps / Required Actions:

No further actions are required from Bharti Hexacom Limited regarding this matter as the demand has been set aside by the court. The promoter, Bharti Airtel Limited, has submitted a separate intimation regarding this development.