Vodafone Idea Ltd

Vodafone Idea Limited announced that Ashwani Windlass and Neena Gupta will step down as independent directors on August 30, 2026, and September 16, 2026, respectively, following the completion of their terms. The company also appointed Anil Berera as an independent director for a five-year term, effective August 31, 2026, subject to shareholder approval, and Rajmeet Singh as internal auditor, effective August 10, 2026, and Nilufer Shekhawat as Company Secretary Designate, effective September 1, 2026.

Vodafone Idea Limited announced that Ashwani Windlass and Neena Gupta will step down as independent directors on August 30, 2026, and September 16, 2026, respectively, following the completion of their terms. The company also appointed Anil Berera as an independent director for a five-year term, effective August 31, 2026, subject to shareholder approval, and Rajmeet Singh as internal auditor, effective August 10, 2026, and Nilufer Shekhawat as Company Secretary Designate, effective September 1, 2026.

Vodafone Idea Limited will hold a board meeting on Monday, August 10, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, according to a regulatory filing with the National Stock Exchange of India Limited and BSE Limited. The trading window for the company's securities has been closed since July 1, 2026, and will remain closed until August 12, 2026.

Vodafone Idea has acquired 26% equity stake in MTK Quantum Green Energy, a special purpose vehicle formed for the purpose of owning and operating the captive power plant by investing Rs. 4.33 crore.

Vodafone Idea has received the credit rating CRISIL A-; Stable for bank facilities of Rs 35,000 crore.

Vodafone Idea announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 11 June 2026.

The company has recorded a net exceptional gain of Rs 57,491 crore in the quarter ended on 31 March 2026. This primarily was on account of reduction in the company's AGR dues. Vodafone Idea stated that the Department of Telecommunications (DoT) has revised the company's AGR dues downward from Rs 87,695 crore to Rs 64,046 crore as of 31 December 2025, with repayments largely deferred to FY32'FY41. The company is also required to pay Rs 609 crore in Spectrum Usage Charges (SUC) dues in annual instalments through FY31. Following the reassessment, the company reduced its AGR liability from Rs 80,502 crore to Rs 24,880 crore under Indian Accounting Standards (Ind AS 109), resulting in an exceptional gain of Rs 55,622 crore in FY26. Vodafone Idea's revenue rose by 3.2% year-on-year (YoY) to Rs 11303 crore in Q4 FY26. Total operating expenditure increased by 1.4% to Rs 6443 crore in Q4 FY26 over Q4 FY25. Interest outgo and depreciation charges for the March 2026 quarter were Rs 4990 crore (down 22.9% YoY) and Rs 5518 crore (down 1% YoY), respectively. The company's loss before exception items and tax was Rs 5,515 crore in Q4 FY26 as against Rs 7,167 crore in Q4 FY25. As on 31 March 2026, the debt from banks stood at Rs 726 crore, which reduced from Rs 2,326 crore for the same period last financial year. Additionally, in December 2025, the company raised Rs 3,300 crore via NCDs. The cash and bank balance stood at Rs 3,715 crore as of 31 March 2026. The customer ARPU increased to Rs 190 in Q4 FY26 compared to Rs 175 in Q4 FY25, a YoY increase of 8.3%. This was primarily supported by customer upgrades. The total subscriber base stood at 192.8 million. The company's monthly subscribers' addition has turned positive since February 2026. It has closed the quarter with 128.9 million 4G/5G subscribers, up from 126.4 million in the same period last year. For FY26, the telecom service provider has registered a net profit of Rs 34,552 crore. It had recorded a loss of Rs 27,383.40 crore in FY25. Revenue rose by 3.1% YoY to Rs 44,789 crore in FY26. Abhijit Kishore, CEO, Vodafone Idea, said: 'The gains from the capex investments and network rollout are now clearly visible. Q4 FY26 marks a decisive step forward with all seven key parameters that we benchmark our performance to, demonstrating sequential improvement. Most significantly, our subscriber addition turned net positive since February 2026, a meaningful milestone that reflects the impact of our sustained network investment. We also expanded our 4G coverage to include a population of over 48 million and our 5G experience is now live in over 80 cities in line with our commitment to strengthen the network and deliver superior customer experience. Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is amongst India's leading telecom service providers. The company holds a large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave spectrum in 16 circles. The company provides voice and data services across 2G, 4G and 5G platforms and is expanding 5G services across 17 circles. The scrip fell 2.85% to currently trade at Rs 12.59 on the BSE. Powered by Capital Market - Live

Net profit of Vodafone Idea reported to Rs 51970.00 crore in the quarter ended March 2026 as against net loss of Rs 7167.00 crore during the previous quarter ended March 2025. Sales rose 3.21% to Rs 11303.00 crore in the quarter ended March 2026 as against Rs 10951.00 crore during the previous quarter ended March 2025. For the full year,net profit reported to Rs 34552.00 crore in the year ended March 2026 as against net loss of Rs 27383.40 crore during the previous year ended March 2025. Sales rose 3.07% to Rs 44789.00 crore in the year ended March 2026 as against Rs 43455.70 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales11303.0010951.00 3 44789.0043455.70 3 OPM %43.2542.54 -42.4341.71 - PBDT3.00-1596.00 LP -1951.00-5394.40 64 PBT-5515.00-7167.00 23 -24059.00-27367.60 12 NP51970.00-7167.00 LP 34552.00-27383.40 LP Powered by Capital Market - Live

According to reports, the proposed capital infusion is aimed at strengthening lender and investor confidence. The company is also pursuing broader fundraising plans to support network expansion and operational requirements. The development comes shortly after Birla returned as non-executive chairman of Vodafone Idea following recent relief on adjusted gross revenue (AGR) dues. The Department of Telecommunications (DoT) finalized the company's AGR dues at Rs 64,046 crore as on 31 December 2025, significantly lower than the previously frozen amount of Rs 87,695 crore. Market participants viewed Birla's return and the expected equity infusion as a confidence-building measure to support ongoing lender negotiations. Reports indicated that the proposed capital raise may not be very large but could provide reassurance to banks and investors amid the company's broader funding efforts. Reports suggested that Vodafone Idea is estimated to require nearly Rs 95,000 crore, including around Rs 45,000 crore towards capital expenditure, apart from spectrum liabilities and bank debt obligations. Separately, Vodafone Idea informed exchanges that its board will meet on 16 May 2026 to consider audited financial results for Q4 FY26 and FY26, and evaluate a proposal for raising funds on a preferential basis. Last week, the telecom operator announced Birla's appointment as non-executive chairman effective 5 May 2026, marking his return to the role after nearly five years. The company said the move reflects continued efforts to revive operations and strengthen its financial position. Vodafone Idea is a partnership between the Aditya Birla Group and Vodafone Group. It is India's third-largest telecom operator and provides wireless and broadband services under the Vi brand. The company holds mid-band 5G spectrum in 17 circles and mmWave spectrum in 16 circles, and is expanding 5G services across key markets. The company's consolidated net loss narrowed to Rs 5,286 crore in Q3 FY26 from Rs 6,609 crore in Q3 FY25. Revenue for the quarter rose 1.9% YoY to Rs 11,323 crore. Powered by Capital Market - Live

Vodafone Idea will hold a meeting of the Board of Directors of the Company on 16 May 2026.