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Notice of Annual General Meeting Bharti Airtel Limited CIN: L74899DL1995PLC070609 Regd. Office: Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase – II, New Delhi - 110 070 T.: +91 011-46666100, F.: +91 011-41666137 Email id: [email protected] Website: www.airtel.com Notice of Annual General Meeting Notice is hereby given that the Twenty Third (23rd) Annual passed by the members in their 22nd Annual General General Meeting (AGM) of the members of Bharti Airtel Limited Meeting (AGM) held on July 24, 2017, the appointment (the Company), will be held on Wednesday, August 08, 2018 of Deloitte Haskins & Sells LLP, Chartered Accountants, at 03:30 P.M. (IST) at Air Force Auditorium, Subroto Park, New (Registration no. 117366W-W100018), Statutory Auditors Delhi - 110 010 to transact the following businesses: of the Company be and is hereby ratified to hold office till the conclusion of AGM to be held in the calendar year 2022. Ordinary Business(es) Resolved further that on the recommendation of the Audit Committee, the Board of Directors of the Company be and To consider and, if thought fit, to pass the following resolutions is hereby authorized to fix the remuneration payable to as Ordinary Resolutions: Statutory Auditors.” 1. To receive, consider and adopt the standalone and consolidated financial statements of the Company Special Business(es) for the financial year ended March 31, 2018 and the reports of the Board of Directors and of the Auditors 6. Re-appointment of Mr. Craig Edward Ehrlich as an thereon Independent Director “Resolved that the audited standalone and consolidated To consider and, if thought fit, to pass the following financial statements of the Company for the financial year resolution as a Special Resolution: ended March 31, 2018, together with the reports of the Board of Directors and of the Auditors thereon be and are “Resolved that pursuant to the provisions of Sections 149, hereby received, considered and adopted.” 150, 152 read with Schedule IV and any other applicable provisions of the Companies Act, 2013 and the Companies 2. Declaration of dividend on equity shares (Appointment and Qualifications of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment “Resolved that a final dividend of H 2.50 per equity share of thereof for the time being in force), Mr. Craig Edward Ehrlich H 5/- each fully paid-up for the financial year 2017-18, as (DIN 02612082), Independent Director of the Company recommended by the Board, be and is hereby approved who has submitted a declaration that he meets the criteria and declared.” for independence as provided in Section 149(6) of the Companies Act, 2013, and the rules made thereunder and 3. Re-appointment of Mr. Rakesh Bharti Mittal as a SEBI (Listing Obligations and Disclosure Requirements) Director liable to retire by rotation Regulations, 2015, and in respect of whom the Company “Resolved that Mr. Rakesh Bharti Mittal (DIN 00042494), has received a notice in writing pursuant to Section 160 of who retires by rotation and being eligible offers himself for the Companies Act, 2013, be and is hereby re-appointed as re-appointment, be and is hereby re-appointed as a Director an Independent Director of the Company for another term of the Company liable to retire by rotation.” with effect from April 29, 2018 to April 28, 2023.” 4. Re-appointment of Ms. Tan Yong Choo as a Director 7. Alteration of the Articles of Association of the Company liable to retire by rotation To consider and, if thought fit, to pass the following “Resolved that Ms. Tan Yong Choo (DIN 02910529), who resolution as a Special Resolution: retires by rotation and being eligible offers herself for re- “Resolved that pursuant to the provisions of Section 14 and appointment, be and is hereby re-appointed as a Director of other applicable provisions, if any, of the Companies Act, the Company liable to retire by rotation.” 2013 read with the Companies (Incorporation) Rules, 2014, 5. Ratification of the appointment of Deloitte Haskins (including any statutory modification(s) or re-enactment & Sells LLP, Chartered Accountants, as the Statutory thereof for the time being inforce), the existing Article 133 Auditors of the Company and to fix their remuneration of the Articles of Association of the Company, be and is hereby amended and substituted with the following Article: “Resolved that pursuant to the provisions of Section 139, 142 and other applicable provisions, if any, of the Companies “Subject to provisions of Section 196 and 197 of the Act, Act, 2013 and the rules made thereunder and resolution the Board of Directors may from time to time appoint one Bharti Airtel Limited or more of their body to the office of Managing Director/s or 9. Revision in payment of commission to Non-Executive Whole Time Director/s for a period not exceeding 5 years Directors of the Company at a time and on such terms and conditions as the Board may think fit and subject to the terms of any agreement To consider and, if thought fit, to pass the following entered into with him, may revoke such appointment. In resolution as an Ordinary Resolution: making such appointments, to ensure the compliance with “Resolved that pursuant to the provisions of Section the Act, the Board shall decide whether their office shall be 197, 198 and all other applicable provisions, if any, of the liable to retire by rotation and the Board shall also ensure Companies Act, 2013, Companies (Appointment and compliance with the requirements of the Act and shall seek Remuneration of Managerial Personnel) Rules, 2014, and obtain such approvals as are prescribed by the Act.” (including any statutory modification(s) or re-enactment Resolved further that the Board of Directors (which term thereof for the time being in force), SEBI (Listing Obligations shall unless repugnant to the context or meaning thereof, and Disclosure Requirements) Regulations, 2015 and any be deemed to include any committee thereof and any other law for the time being in force, and in accordance with person authorized by the Board in this behalf) be and is provisions of the Articles of Association of the Company, hereby authorized to do all such acts, deeds, matters and approval of the Company be and is hereby accorded things as may be deemed necessary to give effect to the for payment of commission to Non-Executive Directors aforesaid resolution.” (including Independent Directors) not exceeding 1.0% of the net profits of the Company calculated in accordance 8. Change in nature of directorship of Mr. Gopal Vittal, with the provisions of Section 198 and other applicable Managing Director & CEO (India and South Asia) of the provisions, if any, of the Companies Act, 2013, for each Company financial year, effective from April 01, 2017, in such manner as the Board in its absolute discretion may decide from time To consider and, if thought fit, to pass the following to time.” resolution as an Ordinary Resolution: 10. Ratification of remuneration to be paid to R.J. Goel & “Resolved that in partial modification of the earlier Co., Cost Accountants, Cost Auditors of the Company resolution passed by the members at the 22nd Annual for the FY 2018-19 General Meeting of the Company held on July 24, 2017 and pursuant to the applicable provisions of the Companies To consider and, if thought fit, to pass the following Act, 2013 and the Articles of Association of the Company, resolution as an Ordinary Resolution: consent of the members be and is hereby accorded for change in nature of directorship of Mr. Gopal Vittal (DIN: “Resolved that pursuant to the provisions of Section 148 and 02291778), Managing Director & CEO (India & South Asia) all other applicable provisions, if any, of the Companies Act, from director not liable to retire by rotation to a director 2013 and rules made thereunder (including any statutory liable to retire by rotation. modification(s) or re-enactment thereof for the time being in force), the remuneration of H 880,000/- (Rupees Eight Resolved further that all other terms of the re-appointment Lacs Eighty Thousand Only) plus applicable taxes and of Mr. Gopal Vittal, Managing Director & CEO as approved reimbursement of travel and out of pocket expenses as by the members in their meeting held on July 24, 2017 approved by the Board on the recommendation of the Audit shall remain unchanged. Committee, to be paid to R.J. Goel & Co., Cost Accountants, (Registration no. 00026), Cost Auditors of the Company Resolved further that the Board of Directors (which term shall for the cost audit w.r.t. the FY 2018-19, be and is hereby unless repugnant to the context or meaning thereof, be deemed ratified, confirmed and approved.” to include any committee thereof and any person authorized by the Board in this behalf) be and is hereby authorized to do all such acts, deeds, matters and things as may be deemed necessary to give effect to the aforesaid resolution.” Registered Office: By order of the Board Bharti Crescent For Bharti Airtel Limited 1, Nelson Mandela Road, Vasant Kunj, Phase - II, New Delhi - 110 070, India. Pankaj Tewari CIN: L74899DL1995PLC070609 Sr. VP & Company Secretary Email id: [email protected] Membership No. A15106 Place: New Delhi Date: April 24, 2018 02 Notice of Annual General Meeting NOTES: The Procedure for web check-in for the AGM is as follows: 1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE > Log in to https://karisma.karvy.com and click on the ANNUAL GENERAL MEETING (AGM) IS ENTITLED TO AGM Web Check-in link. APPOINT A PROXY TO ATTEND AND VOTE ON A POLL > Select the Company name, ‘Bharti Airtel Limited’.
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