Vodafone Idea Ltd

Vodafone Idea Limited: Trading Window closed from 1 October 2026 until 48 hours after the Unaudited Financial Results (Standalone and Consolidated) for the second quarter ending 30 September 2026 are declared

Resolution 1: Anil Berera Independent Director

• Special resolution to appoint Anil Berera as Independent Director for 5-year term (Aug 31, 2026–Aug 30, 2031).
• Outcome: Results to be announced by Oct 26, 2026.
• Impact: strengthens governance with independent director appointment.

Resolution 2: Gopika Pant Independent Woman Director

• Special resolution to appoint Gopika Pant as Independent Woman Director for 5-year term (Sept 17, 2026–Sept 16, 2031).
• Outcome: Results to be announced by Oct 26, 2026.
• Impact: enhances governance with independent female director appointment.

Regulatory Action

• TRAI levied a Rs 2,00,000 disincentive for QoS benchmarks failures in November 2025.
• Order dated 16 September 2026 issued by TRAI.
• Vodafone Idea is reviewing the Order and evaluating next steps.

Appointment of Gopika Pant as Independent Woman Director

• Ms. Gopika Pant appointed as Independent Woman Director.
• Term: 17 Sep 2026 to 16 Sep 2031.
• Recommendation: Nomination & Remuneration Committee.
• Profile: 66-year-old senior lawyer with 40+ years' experience; NY Bar.
• Not related to other directors.
• Not debarred by SEBI or other authorities.

Postal ballot for Independent Directors

• Postal ballot approved to seek member approval for Anil Berera and Gopika Pant as Independent Directors.
• Gopika Pant's appointment remains subject to member approval.

Key Update

• TRAI order levies Rs 2,00,000 financial disincentive for QoS breaches.
• Order received 14 September 2026; Vodafone Idea is reviewing next steps.
• Violation relates to October 2025 QoS benchmarks under 2024 Regulations.
• Maximum financial impact is the disincentive; company evaluating actions.

Business Overview

• Vi is a telecom operator with 193+ million subscribers and 209,000+ sites.
• Brand refresh underway; Shah Rukh Khan named as brand ambassador.
• 1-2-3 strategy and 17-5-5 network play.

Operational Highlights

• Q1 FY27 metrics show improving ARPU and data usage.
• Broadband sites at 205k; ARPU at Rs195.
• 4G/5G subs at 130.1 million; data usage 88.4 Pb/day.
• Enterprise growth with AI-enabled services; 2,700+ retail stores.

Financial Performance

• Q1 FY27 revenue Rs11,689 crore; EBITDA Rs5,034 crore.
• Subscriber base EOP ~193.1 million; ARPU Rs195; data usage 88.4 Pb/day.
• Debt from Banks reduced to Rs211 crore; cash Rs6,558 crore.
• Capex in Q1 FY27: Rs1,930 crore.

Capital Structure & Liquidity

• NCDs outstanding: Rs3,278 crore.
• Credit ratings stable: Crisil A-; ICRA A-.

Strategic Priorities & Outlook

• Pursuing 1-2-3 strategy; 5G expansion across all 17 circles.
• Brand refresh with SRK to drive momentum.
• AI-enabled services, cloud, and IoT; expanding enterprise solutions.
• Retail footprint expanding to 2,700+ stores; emphasis on service differentiation.

Governance & Leadership

• Credit ratings and brand governance cited; no material leadership changes disclosed.

Brand identity update

• Vi unveils a refreshed brand identity featuring a dynamic 3D sphere.
• The new identity signals optimism and future-ready positioning for Vi.
• Shah Rukh Khan is named as the face of upcoming Vi campaigns.
• Rollout starts 1 September across consumer touchpoints and channels.
• The refresh reinforces Vi's evolution from a telecom provider to a tech partner.

ESG rating disclosure

• CRISIL ESG assigns a 60 rating to Vodafone Idea for FY2026, independently.
• Vodafone Idea did not engage CRISIL ESG for this rating.
• Disclosure made under SEBI Listing Regulations; rating published on the company website.

agm details

• Date and time: 27 August 2026, 4:30 p.m.; Mode: Video Conferencing.
• Remote e-voting and at-venue voting conducted; Scrutinizer appointed.

key resolutions

• Resolution 1 (Ordinary): Adoption of standalone and consolidated financial statements for year ended March 31, 2026.
• Resolution 2 (Ordinary): Re-appointment of Mr. Sushil Aga by rotation.
• Resolution 3 (Ordinary): Re-appointment of Mr. Sunil Sood by rotation.
• Resolution 4 (Ordinary): Ratification of remuneration payable to Cost Auditors for FY 2026-27.
• Resolution 5 (Special): Payment of remuneration to Independent Directors.

voting results

• Resolution 1 passed; in-favour ~99.996%, against ~0.004%.
• Resolution 2 passed; in-favour ~97.729%, against ~2.271%.
• Resolution 3 passed; in-favour ~99.989%, against ~0.011%.
• Resolution 4 passed; remuneration approved by broad majority.
• Resolution 5 passed; in-favour ~99.989%, against ~0.011%.

board changes

• Re-appointments of Sushil Aga and Sunil Sood approved.

auditors

• Cost Auditor remuneration for FY 2026-27 ratified.

material approvals

• No material related party transactions disclosed in this AGM.