Bharti Airtel has released its monitoring agency report for the quarter ended March 31, 2026. The report confirms that there has been no deviation or variation in the utilization of proceeds raised from the First and Final Call on partly paid-up equity shares. The company successfully utilized funds for the repayment of debt and other general corporate purposes, maintaining full compliance with its stated objectives in the offer document.
Quarterly Utilization Report
Following the successful collection of the First and Final Call on its partly paid-up equity shares, Bharti Airtel has submitted its compliance documentation for the quarter ending March 31, 2026. The process, which involved a total collection of Rs. 15,695.98 Crore, has been reviewed by the Audit Committee and the Board of Directors.
Financial Allocation Summary
The funds raised through this exercise were deployed strictly in accordance with the disclosures made in the company’s offer document. Key areas of utilization included:
- Payment of DoT Liabilities: Rs. 82,740.94 Million utilized for the payment of AGR dues.
- Repayment of Bank Borrowings: Rs. 8,600 Million directed toward the repayment of HDFC and Axis Bank limited borrowings.
- General Corporate Purposes: Rs. 50,255.16 Million used primarily for the payment of license fees.
Deployment of Unutilized Proceeds
Any funds not immediately deployed were held in high-yield Fixed Deposits with banks, including State Bank of India and Axis Bank. These investments provided returns ranging from 3.00% to 7.25%, ensuring efficient treasury management of the proceeds until the scheduled date of utilization. The monitoring agency has provided a clear, clean report confirming that no deviations occurred during this period.
Source: BSE
