Last day to pay Bharti Airtel's final call on partly paid-up shares; all you need to know

Today is the last day for holders of Bharti Airtel's outstanding partly paid-up equity shares to pay the First and Final Call amount, failing which they risk forfeiture of their holdings.

In a reminder notice issued earlier this month, the telecom major said shareholders holding 1,110,668 partly paid-up equity shares must pay ₹401.25 per share, comprising ₹3.75 towards face value and ₹397.50 towards premium, along with applicable interest by July 16, 2026.

"The 'Special Committee of Directors for Rights Issue'... has, on July 1, 2026, approved sending a reminder notice for payment of First and Final Call of ₹401.25... payable between Thursday, July 2, 2026 to Thursday, July 16, 2026," Bharti Airtel said in an exchange filing.

The company added that "there will be no further calls with respect to the Issue."

The board has approved interest at 10% per annum on delayed payments, calculated from March 17, 2026, until the actual date of payment.

During the initial payment window between March 2 and March 16, 2026, Bharti Airtel received payments for 391,176,994 partly paid-up equity shares, which were converted into fully paid-up shares on March 18, 2026. The current reminder covers the remaining 1,110,668 partly paid-up shares for which the call money remains unpaid.

Bharti Airtel launched its ₹20,987.39-crore rights issue in October 2021 at an issue price of ₹535 per share. Investors paid 25% of the issue price (₹133.75 per share) at the time of application, while the remaining 75% (₹401.25 per share) was payable through the First and Final Call.

The company had fixed February 6, 2026, as the record date for the final call, while the initial payment window ran from March 2 to March 16, 2026. During this period, the company achieved a payment compliance of over 99.7%, with only 1.11 million partly paid-up shares remaining outstanding. To give these shareholders another opportunity to regularise their holdings, Bharti Airtel opened a final reminder payment window from July 2 to July 16, 2026.

What happens if payment is not made?

Bharti Airtel has warned that shareholders who fail to pay the First and Final Call amount by today's deadline will face multiple consequences. Interest at 10% per annum will continue to accrue on the outstanding amount until payment is made, while the company may also adjust any future dividend payable to shareholders against the unpaid dues.

More importantly, the partly paid-up equity shares, including the amount already paid at the time of application, will be liable to be forfeited in accordance with the company's Articles of Association and the Letter of Offer.

Trading in the outstanding partly paid-up shares has remained suspended since February 6, 2026. Shareholders who make the payment during the current window will be allotted fully paid-up equity shares after completion of regulatory formalities, a process expected to take two to three weeks after the payment period ends.

Payments can be made through designated Kotak Mahindra Bank branches via cheque or demand draft, or online through the R-WAP portal using net banking or UPI.

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