July 12, 2020 BSE Limited the National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G
Total Page:16
File Type:pdf, Size:1020Kb
July 12, 2020 BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Dalal Street, Mumbai-400001 Bandra (E), Mumbai-400051 Ref: Bharti Infratel Limited (534816 / INFRATEL) Sub: Annual General Meeting (AGM) – Notice of AGM and Integrated Report for financial year ended on March 31, 2020 Dear Sir/ Madam, Further to our letter dated July 11, 2020 and pursuant to the provisions of Regulation 30, 44 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that: The 14th (Fourteenth) AGM of the Company will be held on Monday, August 3, 2020 at 03:30 p.m. (IST) through Video Conferencing/ Other Audio Visual Means, in accordance with relevant circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India. Notice of the AGM along with the Integrated Report & Annual Accounts 2019-2020 is enclosed and is also being sent to all the members of the Company whose email addresses are registered with the Company or Depository Participant(s). The requirement of sending physical copy of Notice and Integrated Report to the members has been dispensed with vide the aforementioned circulars. The Company is offering e-voting facility to its members to transact the businesses set forth in the Notice. The facility to exercise vote by electronic means (i.e. remote e-voting/ e-voting at the AGM) on all resolutions as set out in the Notice will be provided to the members holding shares either in physical or electronic form as on the cut-off date i.e. Monday, July 27, 2020. The remote e-voting will commence on Thursday, July 30, 2020 at 9:00 A.M. and will end on Sunday, August 2, 2020 at 5.00 P.M. (both days inclusive). The Notice and Integrated Report are also available on the website of the Company at www.bharti-infratel.in. Kindly take the same on record. Thanking you, Bharti Infratel Limited Registered Office: CIN L64201HR2006PLC073821 901, Park Centra, Sector 30, NH-8, Bharti Crescent, Gurugram, Haryana - 122001 1, Nelson Mandela Road, Vasant Kunj, Phone: +91 124 4132600 Phase- II, New Delhi- 110070 Fax: +91 124 4109580 Phone: +91 11 46666100 Fax: +91 11 41666137 Email: [email protected] www.bharti-infratel.com Cc: 1. Central Depository Services (India) Ltd., Marathon Futurex, A-Wing, 25th Floor, NM Joshi Marg, Lower Parel, Mumbai – 400013 2. National Securities Depository Ltd., Trade World, A-Wing, 4th Floor, Kamala Mills Compound, Lower Parel, Mumbai – 400013 3. KFin Technologies Private Limited, Selenium Tower B, Plot No 31 & 32, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500032 Bharti Infratel Limited Registered Office: CIN L64201DL2006PLC156038 Bharti Crescent 901, Park Centra, Sector 30 1, Nelson Mandela Road, Vasant Kunj NH-8,Gurgaon, Haryana - 122001 Phase II, New Delhi, India – 110070 Phone: +91 124 4132600 Fax: +91 124 4109580 Phone: +91 11 46666100 Email: [email protected] Fax: +91 11 41666137 www.bharti-infratel.com Bharti Infratel Limited Bharti Infratel Limited Integrated Report & Annual Accounts 2019-20 UNLOCKING OPPORTUNITIES FOR A BETTER FUTURE 2019-20 Integrated Report & Annual Accounts Bharti Infratel Limited Registered office: 901, Park Centra, Sector 30, NH-8, Gurugram, Haryana - 122 001, India CIN: L64201HR2006PLC073821 www.bharti-infratel.com Our report follows the International The financial and statutory data <IR> Framework <IR> as developed by presented are in line with the the International Integrated Reporting requirements of Companies Act, 2013 Council (IIRC), which allows us to tell (including the rules made thereunder), our members and other stakeholders Indian Accounting Standards, the how we create value for them. Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and www.integratedreporting.org/ the Secretarial Standards. www.mca.gov.in www.icai.org Scan this code with a QR reader app on your smartphone or tablet www.sebi.gov.in and know more about us You can also find this report online : www.icsi.edu www.bharti-infratel.com Pg Message020 from Chairman The Company has declared three interim dividends of K3.65, K2.75 and K4.10 per equity The image on the cover showcases Bharti Infratel’s Smart Poles installed share for FY 2019-20. across the city of Bhopal, India. The Smart Poles, built with future-ready technologies of telecom represent Bharti Infratel’s capabilities to deliver This led to total dividend solutions and services that enable the telecom operators to deliver of K10.50 per equity seamless operations. These next generation technologies position share for FY 2019-20. Bharti Infratel perfectly to unlock opportunities for a better future. Materiality Forward-looking Key Company Aspect Statements Information This Integrated Report focuses on We have exercised utmost care Bharti Infratel Limited material developments and issues in the preparation of this report. that have an impact both on financial It might include forecasts and/ or CIN: L64201HR2006PLC073821 and non-financial performance information relating to forecasts. BSE Code: 534816 indicators. We have tried to cover all Facts, expectations, and past figures the aspects that may have a bearing are the basis to form forecasts. As NSE Code: INFRATEL on the business operations and the with all forward-looking statements, Listing date: December 28, 2012 value created for stakeholders. which means the actual result may deviate significantly from the forecast. As a result of the above-mentioned Reporting circumstances, we can provide no Assurance Period assurance regarding the correctness, completeness, and up-to-date To ensure the integrity of the financial This Integrated Report primarily nature of the information taken, and non-financial numbers presented covers the period of 12 months from and declared as being taken, from in the Integrated Report for the April 1, 2019 to March 31, 2020. third parties, as well as for forward- FY 2019-20 (Page no. 1-69), a However, there are sections of the looking statements, irrespective Limited Assurance Statement on key report that represents facts and of whether these derive from third performance indicators (“KPIs”) has figures of previous years as well. parties or ourselves. Readers should been obtained from Deloitte Haskins The details and information in the keep this in mind. We undertake no & Sells LLP which is available on our Integrated Report pertains to Bharti obligation to publicly update any website at www.bharti-infratel.com. Infratel Limited on standalone basis forward-looking statements, whether unless otherwise specified. Both the as a result of new information, future financial and non-financial events or otherwise. aspects are in accordance with the applicable laws, regulations and standards of India. Akhil Gupta D S Rawat Chairman Managing Director & CEO Board of Directors Internal Assurance Partners Mr. Akhil Gupta Chairman Ernst & Young, LLP Ms. Anita Kapur Independent Director Internal Auditor Mr. Bharat Sumant Raut Mr. Sudeep Chopra Independent Director Mr. D S Rawat Secretarial Auditor Managing Director & CEO Chandrasekaran Associates Mr. Jitender Balakrishnan Company Secretaries Independent Director Dr. Leena Srivastava Registered Office Independent Director 901, Park Centra, Sector 30, NH-8, Mr. N Kumar Gurugram, Haryana - 122 001, India Independent Director Mr. Rajan Bharti Mittal Corporate Office Non-Executive Director Bharti Crescent, 1, Nelson Mandela Mr. R P Singh Road, Vasant Kunj, Phase – II, Independent Director New Delhi - 110 070, India Mr. Tao Yih Arthur Lang Non-Executive Director Corporate Identification Number (CIN) Chief Financial Officer L64201HR2006PLC073821 Ms. Pooja Jain Website Company Secretary and www.bharti-infratel.com Compliance Officer Ms. Samridhi Rodhe Statutory Auditors Deloitte Haskins & Sells LLP Chartered Accountants Integrated Report A Management Reports B Bharti Infratel at a Glance 006 Business Responsibility Report 070 Performance Review 008 Board’s Report 080 Our Business Model 010 Management 122 Discussion & Analysis Risk Management 012 Report on 130 Stakeholder Engagement 016 Corporate Governance Message from Chairman 020 Message from 022 Managing Director & CEO Financial Statements Profile of Board of Directors C 024 Consolidated Financial Capital 030 Financial Statements Manufactured Capital 033 Independent Auditor’s Report 158 Intellectual Capital 040 Balance Sheet 166 Natural Capital 045 Statement of Profit and Loss 167 Human Capital 049 Statement of Cash Flows 170 Social & Relationship Capital 056 Notes to Financial Statements 172 Notable Achievements 069 Standalone Financial Statements Independent Auditor’s Report 238 Balance Sheet 248 Statement of Profit and Loss 249 Statement of Cash Flows 252 Notes to Financial Statements 254 The Company as part of essential services Glossary continues to serve the 308 nation during lockdowns due to Covid-19, no material impact of the same so far. Catering to diverse Pg demands, we consistently Message022 from Pg Managing Director enrich our portfolio to fulfill & CEO the evolving needs of our stakeholders. Pg033 Manufactured Capital Opportunities to carve the future of digital connectivity and pave the path for strategic advancements. India today stands witness to a dynamic telecommunications space, introducing novel ideas and catering to an expanding customer base. Its burgeoning growth coupled with limitless service