Bharti Airtel Limited has submitted its Monitoring Agency Report and a statement of nil deviation or variation for the quarter ended September 30, 2026. This pertains to the utilization of proceeds from the First and Final Call on its partly paid-up equity shares. The company, in conjunction with its monitoring agency Axis Bank Limited, confirms that all funds raised have been utilized as per the stated objects, with no deviations or variations observed during the reporting quarter.
Bharti Airtel Confirms Nil Deviation in Fund Utilization
Bharti Airtel Limited has formally reported a nil deviation or variation in the utilization of funds raised from the First and Final Call on its partly paid-up equity shares. This statement covers the quarter that concluded on September 30, 2026, and has been submitted in compliance with SEBI regulations.
Monitoring Agency Report Affirms Compliance
The company’s submission includes the Monitoring Agency Report issued by Axis Bank Limited, dated November 5, 2026. This report, along with a separate statement provided by Bharti Airtel, details the status of the proceeds from the First and Final Call. Both documents indicate that the funds have been utilized precisely according to the objects outlined in the offer document, reinforcing investor confidence in the company’s financial stewardship.
Board and Audit Committee Review
The Audit Committee and the Board of Directors of Bharti Airtel Limited reviewed these documents in their meetings held on Thursday, November 5, 2026. Both bodies took note of the confirmation of nil deviation, signifying that the raised capital has been managed and deployed in strict adherence to the approved plans and disclosures. The company has requested that these submissions be taken on record.
Details of the Fund Raising
The First and Final Call was a crucial step in the fund-raising strategy for Bharti Airtel, following its Rights Issue. The initial payment period for the call was from March 2 to March 16, 2026, with a subsequent reminder notice period in July 2026. The total amount of the First and Final Call received by the Company as of September 30, 2026, stood at INR 15,714.47 Crore. The primary objects for these funds included payment of DoT liabilities, repayment of bank borrowings, and general corporate purposes.
Source: BSE
