Bharti Hexacom logo

Bharti Hexacom MD, chairman, board of directors and AGM

NSE: BHARTIHEXABSE: 544162Telecom - ServicesMid Cap

Last close ₹1,637.90up ₹7.40 (0.45%)BSE ₹1,637.80

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,630.50.

52-week range of traded prices to 23 Oct 2026
₹1,359.20Low, 6 Oct 2026₹1,955.60High, 29 Oct 2025
Market cap
₹81,895 Cr136th largest listed
P/E
44.9
P/B
11.4
Dividend yield
1.10%
ROE
27.9%
ROCE
28.1%
Debt to equity
0.38
Volume, NSE
1,16,77755.1% delivered

Bharti Hexacom board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonJagdish Saksena Deepak
  • Company Secretary and Compliance OfficerAmit Chaturvedi

9 directors5 independent4 non-executive

  • Jagdish Saksena Deepak · ChairpersonNon-executive · joined May 2022 · 2 listed boards · 1 as independent · 2 committee seats, 1 as chair
  • Rakesh Bharti MittalNon-executive · joined Oct 2024 · 2 listed boards
  • Devendra KhannaNon-executive · joined Aug 2013 · 2 listed boards · 1 committee seat
  • Soumen RayNon-executive · joined Feb 2022 · 2 listed boards · 6 committee seats, 2 as chair
  • Kapal Kumar VohraIndependent · joined Dec 2023 · reappointed Dec 2023 · 30 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Nalina SureshIndependent · joined Dec 2023 · reappointed Dec 2023 · 30 months as independent · 1 listed board · 1 as independent
  • Ashok TyagiIndependent · joined Feb 2022 · reappointed Feb 2022 · 52 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Arun GuptaIndependent · joined Dec 2023 · reappointed Dec 2023 · 30 months as independent · 1 listed board · 1 as independent · 3 committee seats, 1 as chair
  • Arvind KohliIndependent · joined Mar 2023 · reappointed Mar 2023 · 39 months as independent · 2 listed boards · 2 as independent · 10 committee seats, 3 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Kanwaljit Singh Cheema, left 23 Apr 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 13 May 20269 of 9 present5 independent · 96 days in between
    • 5 Feb 20268 of 10 present5 independent

  • Audit Committee

    Chair Ashok Tyagi

    Soumen Ray, Arvind Kohli, Kapal Kumar Vohra, Arun Gupta

    • 13 May 20265 of 5 present4 independent · 96 days in between
    • 5 Feb 20265 of 5 present4 independent

  • Nomination and remuneration committee

    Chair Arvind Kohli

    Nalina Suresh, Ashok Tyagi

    • 12 May 20263 of 3 present3 independent · 96 days in between
    • 4 Feb 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Arun Gupta

    Kapal Kumar Vohra, Soumen Ray

    • 12 May 20263 of 3 present2 independent

  • Risk Management Committee

    Chair Arvind Kohli

    Ashok Tyagi, Karthikeyan Velu

    • 4 Feb 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Deloitte Haskins & Sells LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Bharti Hexacom AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Bharti Hexacom dividend history

Annual general meeting, 11 Aug 2026

86,713 shareholders on the register on 4 Aug 2026; present: 1 promoter and 155 others; votes counted by Harish Chawla / CL & Associates, Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2026 together with the reports of Auditors and Board of Directors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 98.23% · promoters 100.00% · institutions 92.72% · other public 95.35%

  2. To declare final dividend on equity shares for the financial year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 98.23% · promoters 100.00% · institutions 92.72% · other public 95.35%

  3. To re-appoint Mr. Jagdish Saksena Deepak (DIN: 02194470) as a Director, liable to retire by rotation
    Ordinary
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 2.90% · other public 0.00%

    Turnout: all 98.23% · promoters 100.00% · institutions 92.72% · other public 95.35%

  4. To ratify remuneration to be paid to Cost Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 98.23% · promoters 100.00% · institutions 92.72% · other public 95.35%

  5. To approve amendment in the Object Clause of the Memorandum of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 98.23% · promoters 100.00% · institutions 92.72% · other public 95.35%

  6. To approve Material Related Party Transactions with Bharti Airtel Limited, holding company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.63%

    Turnout: all 13.23% · promoters 0.00% · institutions 92.72% · other public 0.01%

  7. To approve Material Related Party Transactions with Indus Towers Limited, fellow subsidiary
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.59%

    Turnout: all 13.23% · promoters 0.00% · institutions 92.72% · other public 0.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 20 Aug 2025, 8 resolutions

95,855 shareholders on the register on 13 Aug 2025; present: 1 promoter and 65 others; votes counted by Mr. Harish Chawla / CL & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2025 together with reports of Auditors and Board of Directors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 97.23% · promoters 100.00% · institutions 86.41% · other public 94.67%

  2. To declare dividend on equity shares for the financial year ended March 31, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 97.26% · promoters 100.00% · institutions 86.60% · other public 94.67%

  3. To re-appoint Mr. Devendra Khanna (DIN:01996768) as a Director, liable to retire by rotation
    Ordinary
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.69% · other public 0.00%

    Turnout: all 97.23% · promoters 100.00% · institutions 86.41% · other public 94.67%

  4. To ratify remuneration to be paid to Cost Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 97.23% · promoters 100.00% · institutions 86.41% · other public 94.67%

  5. To appoint Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 97.23% · promoters 100.00% · institutions 86.41% · other public 94.67%

  6. To approve payment of commission to Jagdish Saksena Deepak (DIN: 02194470), Non-Executive Chairman of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 97.23% · promoters 100.00% · institutions 86.41% · other public 94.67%

  7. To approve Material Related Party Transactions with Bharti Airtel Limited, holding company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.52%

    Turnout: all 12.23% · promoters 0.00% · institutions 86.41% · other public 0.01%

  8. To approve Material Related Party Transactions with Indus Towers Limited, a related party
    Ordinary
    88.29% for11.71% against

    Against: promoters 0.00% · institutions 11.71% · other public 2.52%

    Turnout: all 12.23% · promoters 0.00% · institutions 86.41% · other public 0.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 16 Mar 2025, 1 resolution

85,819 shareholders on the register on 7 Feb 2025; votes counted by Harish Chawla / CL & Associates, Company Secretaies.The company's voting result (opens in a new tab)

  1. To approve material related party transaction for sale/ transfer of Passive Infrastructure Business Undertaking comprising mobile/ wireless communication towers and related infrastructure, by the Company to Indus Towers LimitedMoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 14.50%

    Turnout: all 12.47% · promoters 0.00% · institutions 87.19% · other public 0.02%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 26 Jan 2025, 3 resolutions

88,867 shareholders on the register on 20 Dec 2024; votes counted by Harish Chawla / CL & Associates, Company Secretaies.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Rakesh Bharti Mittal (DIN: 00042494) as a Non-Executive Director, liable to retire by rotation
    Ordinary
    84.56% for15.44% against

    Against: promoters 0.00% · institutions 0.00% · other public 99.99%

    Turnout: all 97.14% · promoters 100.00% · institutions 85.27% · other public 95.17%

  2. Appointment of Mr. Kanwaljit Singh Cheema (DIN: 10655273) as a Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 97.14% · promoters 100.00% · institutions 85.27% · other public 95.17%

  3. Shifting of reigstered office of the Company from "National Capital Territory (NCT) of Delhi" to the "State of Haryana"
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 97.14% · promoters 100.00% · institutions 85.27% · other public 95.17%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Aug 2024, 7 resolutions

Present: 1 promoter and 74 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2024 together with the Reports of Board of Directors and of Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 96.64% · promoters 100.00% · institutions 85.18% · other public 91.85%

  2. To declare dividend on equity shares for the financial year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 96.64% · promoters 100.00% · institutions 85.18% · other public 91.85%

  3. To re-appoint Mr. Soumen Ray (DIN: 09484511) as a Director, liable to retire by rotation
    Ordinary
    99.55% for0.45% against

    Against: promoters 0.00% · institutions 3.76% · other public 0.00%

    Turnout: all 96.64% · promoters 100.00% · institutions 85.18% · other public 91.85%

  4. To ratify remuneration to be paid to Sanjay Gupta & Associates, Cost Accountants as Cost Auditors of the Company for the financial year ending 2024-25
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 96.64% · promoters 100.00% · institutions 85.18% · other public 91.85%

  5. Payment of commission to Non-Executive Independent Directors of the Company
    Ordinary
    98.21% for1.79% against

    Against: promoters 0.00% · institutions 14.90% · other public 0.00%

    Turnout: all 96.64% · promoters 100.00% · institutions 85.18% · other public 91.85%

  6. To approve Material Related Party Transactions with Bharti Airtel Limited, Holding Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.26%

    Turnout: all 11.64% · promoters 0.00% · institutions 85.18% · other public 0.01%

  7. To approve Material Related Party Transactions with Indus Towers Limited, a related party
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.35%

    Turnout: all 11.64% · promoters 0.00% · institutions 85.18% · other public 0.01%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 11 Aug 2026, 15 fund houses so far (houses' deadline to file 15 Oct 2026)

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2026 together with the reports of Auditors and Board of Directors thereon
    15 for0 against
  • To declare final dividend on equity shares for the financial year ended March 31, 2026
    15 for0 against
  • To re-appoint Mr. Jagdish Saksena Deepak (DIN: 02194470) as a Director, liable to retire by rotation
    15 for0 against
  • To ratify remuneration to be paid to Cost Auditors of the Company
    15 for0 against
  • To approve amendment in the Object Clause of the Memorandum of Association of the Company
    15 for0 against
  • To approve Material Related Party Transactions with Bharti Airtel Limited, holding company
    15 for0 against
  • To approve Material Related Party Transactions with Indus Towers Limited, fellow subsidiary
    11 for0 against
2 proposals not matched to one resolution
  • 7) Approve material related party transactions with Indus Towers Limited, a subsidiary of Bharti Airtel Limited, upto Rs. 20.0 bn per annum from the conclusion of the 2026 AGM to the conclusion of the 2027 AGM, or 15 months, whichever is earlierMoreLess
    1 for0 against
  • Approve material related party transactions with Indus Towers Limited, a subsidiary of Bharti Airtel Limited, upto Rs. 20.0 bn per annum from the conclusion of the 2026 AGM to the conclusion of the 2027 AGM, or 15 months, whichever is earlierMoreLess
    3 for0 against

Mutual fund votes, meeting of 20 Aug 2025, 31 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the audited standalone financial statements of the Company for the financial year ended March 31, 2025 together with reports of Auditors and Board of Directors thereon
    31 for0 against
  • To declare dividend on equity shares for the financial year ended March 31, 2025
    31 for0 against
  • To re-appoint Mr. Devendra Khanna (DIN:01996768) as a Director, liable to retire by rotation
    31 for0 against
  • To ratify remuneration to be paid to Cost Auditors of the Company
    31 for0 against
  • To appoint Secretarial Auditor of the Company
    29 for0 against
  • To approve payment of commission to Jagdish Saksena Deepak (DIN: 02194470), Non-Executive Chairman of the Company
    31 for0 against
  • To approve Material Related Party Transactions with Bharti Airtel Limited, holding company
    31 for0 against
  • To approve Material Related Party Transactions with Indus Towers Limited, a related party
    Against Angel One Mutual Fund, Capitalmind Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance & Transparency Concern: It is unclear how proposed transactions fall within the ordinary course of business- No clarification on why sale/purchase of assets is considered to be in the ordinary course of business.
    • Capitalmind Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundProposed transactions are compliant with law. Governance & Transparency Concern: It is unclear how proposed transactions fall within the ordinary course of business- No clarification on why sale/purchase of assets is considered to be in the ordinary course of business.
    27 for4 against
1 proposal not matched to one resolution
  • Approve Makarand M Joshi & Company as Auditors and Authorize Board to Fix Their Remuneration
    2 for0 against
3 earlier meetings

Mutual fund votes, meeting of 16 Mar 2025, 25 fund houses

  • To approve material related party transaction for sale/ transfer of Passive Infrastructure Business Undertaking comprising mobile/ wireless communication towers and related infrastructure, by the Company to Indus Towers LimitedMoreLess
    25 for0 against

Mutual fund votes, meeting of 26 Jan 2025, 25 fund houses

  • Appointment of Mr. Rakesh Bharti Mittal (DIN: 00042494) as a Non-Executive Director, liable to retire by rotation
    25 for0 against
  • Appointment of Mr. Kanwaljit Singh Cheema (DIN: 10655273) as a Independent Director
    25 for0 against
  • Shifting of reigstered office of the Company from "National Capital Territory (NCT) of Delhi" to the "State of Haryana"
    25 for0 against

Mutual fund votes, meeting of 30 Aug 2024, 22 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2024 together with the Reports of Board of Directors and of Auditors thereon
    22 for0 against
  • To declare dividend on equity shares for the financial year ended March 31, 2024
    21 for0 against
  • To re-appoint Mr. Soumen Ray (DIN: 09484511) as a Director, liable to retire by rotation
    22 for0 against
  • To ratify remuneration to be paid to Sanjay Gupta & Associates, Cost Accountants as Cost Auditors of the Company for the financial year ending 2024-25
    22 for0 against
  • Payment of commission to Non-Executive Independent Directors of the Company
    Against Axis Mutual Fund, DSP Mutual Fund, Invesco Mutual Fund, Sundaram Mutual Fund
    • Axis Mutual FundThe company has been listed for just about four months and therefore, there is a limited track record of paying commission to Non-Executive Directors. The company's Nomination and Remuneration Policy has disclosed the basis for computing commission payouts for Independent Directors, which is linked to the factors like chairmanship of committees, membership of committees, etc. The board has capped the commission at Rs. 10.0 mn per annum. While the payment of commission is in line with market practices, the company has not defined a tenure for payment of commission and the resolution is effectively valid for perpetuity. We believe shareholders must get an opportunity to periodically approve such payments and therefore do not support the resolution.
    • DSP Mutual Fund, Sundaram Mutual FundThe company has been listed for just about four months and therefore, there is a limited track record of paying commission to Non-Executive Directors. The company’s Nomination and Remuneration Policy has disclosed the basis for computing commission payouts for Independent Directors, which is linked to the factors like chairmanship of committees, membership of committees, etc. The board has capped the commission at Rs. 10.0 mn per annum. While the payment of commission is in line with market practices, the company has not defined a tenure for payment of commission and the resolution is effectively valid for perpetuity. We believe shareholders must get an opportunity to periodically approve such payments and therefore do not support the resolution.
    • Invesco Mutual FundThe company has been listed for just about four months and therefore, there is a limited track record of paying commission to Non-Executive Directors. The company’s Nomination and Remuneration Policy has disclosed the basis for computing commission payouts for Independent Directors, which is linked to the factors like chairmanship of committees, membership of committees, etc. The board has capped the commission at Rs. 10.0 mn per annum. While the payment of commission is in line with market practices, the company has not defined a tenure for payment of commission and the resolution is effectively valid for perpetuity. We believe shareholders must get an opportunity to periodically approve such payments and therefore do not support the resolution
    18 for4 against
  • To approve Material Related Party Transactions with Bharti Airtel Limited, Holding Company
    22 for0 against
  • To approve Material Related Party Transactions with Indus Towers Limited, a related party
    22 for0 against
1 proposal not matched to one resolution
  • To declare dividend at the rate of Rs. 4/- per fully paid- up equity share of face value of Rs. 5/- each, as recommended by the Board of Directors for the financial year ended March 31, 2024.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyThe Department of Telecommunications, Rajasthan LSA (‘DoT’)Since 30 Apr 2026

    Notice imposing a penalty of Rs.79,000 for alleged violation of subscriber verification norms.

    Alleged violation of terms and conditions with respect to the subscriber verification norms under the License Agreement, pursuant to Sample CAF Audit conducted by DoT for March 2026
  • Fine or penaltyThe Department of Telecommunications, Rajasthan LSA (‘DoT’)Since 29 May 2026

    Notice imposing a penalty of Rs.77,000 for alleged violation of subscriber verification norms.

    Alleged violation of terms and conditions with respect to the subscriber verification norms under the License Agreement, pursuant to Sample CAF Audit conducted by DoT for April 2026
  • Fine or penaltyThe Department of Telecommunications, Rajasthan LSA (‘DoT’)Since 30 Jun 2026

    Notice imposing a penalty of Rs.75,000 for alleged violation of subscriber verification norms.

    Alleged violation of terms and conditions with respect to the subscriber verification norms under the License Agreement, pursuant to Sample CAF Audit conducted by DoT for May 2026
  • Tax disputeNASince 27 Jul 2026

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.