Statement of deviation(s) or variation(s) under Reg. 32

IJharti November 5, 2026 National Stock Exchange of India Limited Exchange Plaza, C-1 Block G Sandra Kurla Complex, Sandra (E) Mumbai - 400051, India Symbol: BHARTIARTU AIRTELPP BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai -400001, India Scrip Code: 532454/ 890157 Sub: Monitoring Agency Report and statement of nil deviation/ variation for the quarter ended September 30, 2026 Dear Sir/ Ma'am, In compliance of Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and applicable provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we hereby submit the following for the quarter ended September 30, 2026 w.r.t. utilization of the proceeds of First and Final Call on partly paid-up equity shares of the Company: (a) Monitoring Agency Report dt. November 5, 2026 issued by Axis Bank Limited (Annexure• A); and (b) Statement of nil deviation or variation in the utilization of First and Final Call proceeds (Annexure-B). The Audit Committee and Board of Directors of the Company, in the meetings held on Thursday, November 5, 2026, have reviewed the above documents and taken note of the same. Kindly take the same on record Thanking you, Sincerely yours, p..irte1( ,: For Bharti Airtel Li i ~ . Company Secretary & Compliance Officer Encl.: As above Bharti Airtel Limited (a Bharti Enterprise) Regd. Office: Airtel Center, Plot No. 16, Udyog Vihar, Phase-IV, Gu,ugram -122015, India Corporate Office: Bharti Crescent, 1, Nelson Mandela Road, Vasanl Kunj, Phase 11, New Delhi -110070, India T.: ..g1.124-4222222, F.: +91-124-4248063, Email: compliance,officer@bharti in, Website: www.airtel.in CIN: L74899HR1995PLC095967 Annexure - A REPORT OF THE MO ITORING AGENCY am of the I uer: Bharti irtcl Limited r-,r quarter ended: er tembcr 30, 2026 1amc of the monitoring a~ n~y: Axi Bank Limited (a D intion fi:om the objects: No Deviation b) Rang of Deviation*: o D via1io11 /11dicme the range of per entuge devi(l{ion rom the c111101111t of is ue proceeds eurmarked for the objects. For example, up 10 10%. 10-_5%. 25-50%. 50-75%. 5-100%. not ascertai11able ere. * Rt111pe of" Devituion may b computed by taking weighted average off inancial deviation of each object in the ratio of issue proceed cillocaredfor it. on-financial devlarion may be indicated 'eparale~v by I cry, ofn otes. I) claration: 1: e ht.'rel_r de ·!cu· tlwl this reporr is bul"ed un th fi.mn 11 as prescribed by Se uritit!. and £x hange Board of India (Issue 1!/ C. 'upi1ul and D1:fc/osure Requireme111s) l?egu/(lfion •. 20 I EB/ I DR Regulations"), as amended We further declare 111w thi report prm•ides tme and air view oft he utilization of issue proceed . JI'<! ,lee/are ,hat we do not have any direcll i11 lirect inlerest in or rel 1tionship with the i ·suer/ promoters/ directors/ mwwgeme11t and of. o confirm thar e do not perceive any conflict of interest m such relcuionshipl interest while 111r111itori11g and repor1ing the utilization of i •· ue proceeds by the issuer. Th;inkinJ,?. you. > mrs Failh/i1/ly, For ,,/xis /Jank Uu,~ .. ~ f . 1gnat11r<': ;1me ol'tht· uthorized Pcr~'01i/ igniJig ~uthority: n •signation of uthorizcd'Pcr o'.n/ ig1i~.oi • uthority: Authori ed 'i0nator Date: , 0Vl;!rnb r -. 2 ..1 u • 1 rgdon Ground floor. GL 005,006,007.008, Cross Point, DLF Phase IV Gurgaon Haryana. Pin 122 009 (0124) 4709'100 • • A RE_G1s:rrnco OFFICE "Trishul" • 3rd Floor Oµp. Samartheswar remple, Near Law Garden Elhsbndge, Ahmedabad • 380006 felephone No. 079-26409322 Fax No .. 079-26 0932'1 CIN: L65·110GJ1993PLC020769 Web:;ite -wwvv.axisbank.com AXIS BANK I) ls,ucr Detail : Name or the issuer Bha1ti Airiel Limited ·1h e names or the promoters of the issuer Bharti Telecom Limited l11cJus1ry1sector to which it belongs Telecommunications 2) Issue Details: hsuc period 17 days (r-rom Tuesday, October 05, 2021 to Thursday, October 21, 2021) !") pc or issue (rights) Right Issue I'> pc specified securities Equity share Grading NA Issue siLe (R~. in Crores) 20,987.39 Crores* * Purrnant to the Rights Issue t·tssue'") 11nderlake11 by the Bharri Airtel limited (the ··company'') in terms oft he lei/er of O/{t!r timed Seplemher 22, 202 J ('"lei/er o/'Offer"J, the Company had inued and alloued 392,287,662 equity shares, to it.~ eligihlc hareholders at an Issue Pnce ofR s. 535 per share (mcludmg a pre1111um of Rs. 530). in the ratio of I (One) additwna/ equity ~hart1for eve,y I-I (Fourteen) eq11i1v short1s held by eligible shareholders us 0111he record dale i.e. September 28. 2021. lccorcli11g~)'. the aggregate Issue si:::e u11101111ted 10 Rs.20.987.39 Crores. /11 a,·curdance 11•ith the terms of the Issue as specified in the Leifer of Offer, 1he Company received Rs. I 33. 75 per share (mm prising Rs. 1.15 towards/ace value and Rs. I 32. 50 towards premium) as application money, and consequently, the partly paid-up equi~,· share:, were a/lolled by the Compa,~1• on Oc1ober 27, 2021. 1/u Board ul. Directors ("Board') o.ftlie Compuny. in its mee/lng held on December 18, 2025, had decided 10 make the Firs/ ,111d F11iul Call afR .\. -10/.25 per share (comprismg R~. 3. 75 towcrrdsface value and fu. 397.50 IOWards premium) (1he "First t11ul Final Call") in respect oft he owstu11ding 392. 287 662 partly paid-up eqllity shares, payable between Monday, March 2. ~U:!6 to ,h'111ulay, Alurc/1 16, 2026 (boil, days ,nc/us,ve). aggrega1111g 10 Rs. /5, 740.5-1 Crores. Pursuam ro the above, the (. (J/1/J}CJJ~v ret'l'ii·ecl 011 aggregate 0111011111 of Rs. 15,695.98 Crore towards First and F11wl Call on 39 I, 176,99-1 partly paid-up l!Cfllity \/iar..!s Jro111 the eligible shareholders in A/arch. 2026. /11ereajier. 11po11 approval of the Special Commillee of Directors for Rights Issue, a duly authorised commillee of the /]011rcl. 11,e Company is:med a First and Final Call Reminder No1ice to the holders ofr emaining /, //0,668 partly paid-up ,/,,,,-es, enabling them to pay the outstanding First and Final Call along wi1h applicable i11teres1 during Thursday, Ju~~, 2, _'l}:.!f. /rJ Thur.,dC(I' . ./11~1· 16. 1026 (both clays i11dusiwJ. PL1r.\lla/1110 tht! above. the Compmll' received cm additional amoum of /1\. I8 . 19 Cmr1: call 111011er ( o/011g will, applicuble i111erest a111u1111tJ during Ju~)'. 2026. ( rJ11.wquently. the wtal amu11111 of First c111d Final Call received by the Compwtv stands at INR 15, 71-1.47 Crore as on ,'-,e111i:mber JO, l026. A EXURE l J) Lk tail of th,• arrangement made to en ure the monitoring or proceed from the call money: llJiH' item b} item description for all the objects. as well as for the sub-heads (if any) given under objects, stated in the offer dtH.:umcnt ~eparately in following format Ground floor. GL 005,006,007,008, Cro5s Point, DLF Pl1a;e IV, Guruaon Haryana, Pin 122 009 (0124) 4 7091100 ~ ' RE_Gl5!ERCD OFI ICE '"Trishul" -3ru Hoor Opp Samarthe,war femple, Near I.aw Garden Ell151)ndge. AIJmeclnbdcJ -380006 Telephone No 079-261093.0 FJ)( No -Ol9-.!b409J2,1 CIN: L65 i 10 GJ l 993PLC020769 Web:;ite www.a~rsbank com Source of information/ Comments of certifications the Comments the Particulars Reply considered by Monitoring Board of Directors Monitoring Agency for Agency preparation of report Whether all the utilisation of the call money is as per disclosure in the Offer Yes/No Yes ,_Document? Whether shareholders' approval is obtained in case of material deviations" Yes/ 0 NA from expenditures disclosed in the Offer Dornmen1'! Whether means or finance for disclosed Yes/ No No objects of the Issue has changed? An) major deviation(s) observed over the Yes/No No l.!arlicr monitoring agency reports? Ce11ificate provided by \\'hether all go ernmcnt/ statutory Chartered Accountants· apprm ab rel~ted 10 the obJecl(s) have Yes/ 0 Yes Firm been obta111ed'.1 I Whether all arTangemcnts pertaining LO 1.:chnical assistance/collaboration arc in Yes/ No Yes ooerntion? Any favourable events improving Yes/ No No object(s) viabilirv? An~ unfavourable events affecting [Showing first 8,000 characters — download PDF for full document]