Together good things happen - Airtel

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new talent, the policies also helps in retention of wellperforming employees, who are contributing to the growth of the Company. The ESOP Scheme 2001 is administered through a trust, whereby the shares held in the trust are transferred to the employee as and when the concerned employee exercise stock options under the Scheme. Under the ESOP Scheme 2005, the employees were allotted new equity shares upon exercise of stock options up to March 2010. In the board meeting held in April 2010, the Board has approved acquisition of the Company's equity shares up to the limit approved by the shareholders in the existing Trust and appropriate the same towards the Scheme. Accordingly, henceforth under the ESOP Scheme 2005, instead of allotment of fresh equity shares, the Company will transfer the shares so acquired from the trust to the respective employees. There will be no fresh allotment of equity shares under the ESOP Scheme. Disclosure in compliance with clause 12 of the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, as amended, if provided in Annexure C to this report. A certificate from M/s S. R. Batliboi & Associates, Chartered Accountants, Statutory Auditors, with respect to the implementation of the Company Employee’s Stock Option schemes would be placed before the shareholders at the ensuing annual general meeting and a copy of the same shall be available for inspection at the registered office of the Company. PARTICULARS OF EMPLOYEES The information as are required to be provided in terms of section 217(2A) of the Companies Act, 1956 read with Companies (Particular of Employees) Rules, 1975 have been set out in the annexure to this report. However, in terms of the provisions of section 219(1)(b)(iv) of the Act, the annual report has been sent to the members of the Company excluding these information. Members who desire to obtain this information may write to the Company Secretary at the registered office address and will be provided with a copy of the same. DIRECTORS’ RESPONSIBILITY STATEMENT Pursuant to section 217(2AA) of the Companies Act, 1956, the directors to the best of their knowledge and belief confirm that: (i) the applicable accounting standards have been followed along with proper explanation relating to material departures, in the preparation of the annual accounts for the year ended March 31, 2010; (ii) they have selected and applied consistently and made judgments and estimates that are reasonable and prudent to give a true and fair view of the state of affairs of the Company as at the end of the financial year and of the profit of the Company for that period; (iii)they have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 1956 and for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities; (iv)they have prepared the annual accounts on a going concern basis. ACKNOWLEDGEMENTS The directors wish to place on record their appreciation to the Department of Telecommunications (DOT), the Central Government, the State Governments, Government of Bangladesh, Sri Lanka and Africa, Company’s Bankers and business associates; for the assistance, co-operation and encouragement they extended to the Company and also to the employees for their continuing support and unstinting efforts in ensuring an excellent all-round operational performance. The directors would also like to thank various partners viz. Bharti Telecom, Singapore Telecommunications Limited and other shareholders for their support and contribution. The Board looks forward to their continued support in future. For and on behalf of the Board Sunil Bharti Mittal Chairman and Managing Director
egarding compliance of conditions of corporate governance To certificate The Members of Bharti Airtel Limited We have examined the compliance of conditions of corporate governance by Bharti Airtel Limited (“the Company”), for the year ended March 31, 2010, as stipulated in clause 49 of the listing agreement(s) of the said Company with stock exchange(s) in India. The compliance of conditions of corporate governance is the responsibility of the Company’s management. Our examination was limited to procedures and implementation thereof, adopted by the Company for ensuring the compliance of the conditions of Corporate Governance. It is neither an audit nor an expression of opinion on the financial statements of the Company. In our opinion and to the best of our information and according to the explanations given to us, we certify that the Company has complied with the conditions of corporate Annexure - A governance as stipulated in the above mentioned listing agreement. We state that such compliance is neither an assurance as to the future viability of the Company nor the efficiency or effectiveness with which the management has conducted the affairs of the Company. For S.R. BATLIBOI & ASSOCIATES Firm Registration No: 101049W Chartered Accountants per Prashant Singhal Partner Membership No. :93283 Place: Gurgaon Date: April 28, 2010 Bharti Airtel Annual Report 2009-10 37
Page 1 and 2: Together good things happen... Bhar
Page 3 and 4: Table of contents 1 2 3 4 5 6 7 8 9
Page 5 and 6: Corporate history and Top 30 shareh
Page 7 and 8: Awards & honours With a belief that
Page 9 and 10: Chairman’s message Closer home, w
Page 11 and 12: To be provided Akhil Gupta Chua Soc
Page 13 and 14: Pulak Chandan Prasad Rakesh Bharti
Page 15 and 16: Bharti Airtel Annual Report 2009-10
Page 17 and 18: CEO (India & South Asia)’s Airtel
Page 19 and 20: Airtel Experience Last year was tru
Page 21 and 22: Together good things happen custome
Page 23 and 24: Together good things happen Bharti
Page 27 and 28: Taking everybody along Bharti Airte
Page 33 and 34: Photos by Amit Bhatia, Legal & Regu
Page 35 and 36: exemption to the Company from attac
Page 37: In July 2009, the Company has sub-d
Page 41 and 42: Information regarding the Employees
Page 43 and 44: • Restriction on Sale of Equity O
Page 45 and 46: FINANCIAL PERFORMANCE (Amount in Rs
Page 47 and 48: INTERNAL CONTROL SYSTEMS The Compan
Page 49 and 50: consent. The appointments of such d
Page 51 and 52: g) Tenure of independent directors
Page 53 and 54: directors will be entitled to commi
Page 55 and 56: - Matters required to be included i
Page 57 and 58: Key Responsibilities Key responsibi
Page 59 and 60: Special resolutions passed at the l
Page 61 and 62: MEANS OF COMMUNICATION The quarterl
Page 63 and 64: Distribution of shareholding By num
Page 65 and 66: The Board of directors, Bharti Airt
Page 67 and 68: Annexure referred to in paragraph 4
Page 69 and 70: (x) The Company has no accumulated
Page 73 and 74: Particulars C. Cash flow from finan
Page 75 and 76: Particulars SCHEDULE : 3 SECURED LO
Page 77 and 78: Particulars SCHEDULE : 6 INVESTMENT
Page 79 and 80: Particulars SCHEDULE : 9 CASH AND B
Page 83 and 84: SCHEDULE: 21 STATEMENT OF SIGNIFICA
Page 85 and 86: Forward Exchange Contracts covered
Page 87 and 88: Minimum Alternative Tax (MAT) credi
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Unless otherwise stated below, the
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6. Employee benefits a) During the
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e) The estimates of future salary i
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epayable on disconnection, net of o
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2008-09 Particulars Year ended Purc
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) Details of trade investments purc
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Bharti Airtel Annual Report 2009-10
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Related Party Transaction for 2009-
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24.Operating lease - As a Lessee Th
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(v) The Information concerning stoc
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Particulars As at As at March 31, 2
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Auditors' Report to The Board of Di
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Particulars C. Cash flow from finan
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Particulars SCHEDULE : 2 (Cont.) Pr
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Particulars SCHEDULE : 6 INVESTMENT
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Particulars SCHEDULE : 12 CURRENT L
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ecognised over the period of servic
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Standard 15 (revised), “Employee
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SCHEDULE: 22 NOTES TO THE FINANCIAL
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obligations fully due to certain no
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c) Reconciliation of opening and cl
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Joint Venture Entities: b) The Comp
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13. Particulars of securities charg
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(Rs '000) Related Party Transaction
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17. Leases a) Operating Lease - As
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d) 2006 Plan under the Old Scheme T
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24. As at March 31, 2010 the accumu
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Notice is hereby given that the fif
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EXPLANATORY STATEMENT (Under sectio
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Mr. Rakesh Bharti Mittal Date of bi
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To Karvy Computershare Private Limi
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Bharti Airtel Limited, Bharti Cresc
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Together good things happen - Airtel

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