StockWatch
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Telecom - Cellular & Fixed line services
Regulatory4 Aug 2026, 10:40 pm

Bharti Airtel: Nil Deviation in Rights Issue Proceeds Utilization

AI Summary

Bharti Airtel Ltd has submitted a statement of nil deviation or variation in the utilization of proceeds from its First and Final Call on partly paid-up equity shares for the quarter ended June 30, 2026. The company complied with SEBI regulations, with Axis Bank Limited acting as the monitoring agency. The Audit Committee and Board of Directors reviewed and noted the monitoring agency report and the statement of nil deviation. The initial rights issue size was ₹20,987.39 Crores, and the First and Final Call aggregated to ₹15,740.54 Crores, with ₹15,695.98 Crore received.

Key Highlights

  • Statement confirms nil deviation in rights issue proceeds utilization.
  • Monitoring Agency Report by Axis Bank reviewed by Audit Committee and Board.
  • Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • First and Final Call proceeds utilization reported for Q2 FY27.
  • No material deviations observed in the utilization of funds.