Together good things happen - Airtel

meetings held during the financial year 2009-10 are given
below;
Member director Number of meetings attended
Akhil Gupta, (Chairman) 13
Manoj Kohli 13
Rajan Bharti Mittal 8
Rakesh Bharti Mittal 10
Key Responsibilities
Key responsibilities of the Investor Grievance committee are
as follows:
• Formulation of procedures in line with the statutory
guidelines to ensure speedy disposal of various requests
received from shareholders from time to time;
• Redressal of shareholders and investor complaints/
grievances related to transfer of shares, non receipt of
balance sheet, non receipt of declared dividend etc.;
• Approve, register, reject transfer / transmission of shares
and other securities;
• Sub-divide, consolidate and / or replace any share or other
securities certificate(s) of the Company;
• Issue duplicate share /other security(ies) certificate(s) in
lieu of the original share / security(ies) certificate(s) of the
Company;
• Approve the transmission of shares or other securities
arising as a result of death of the sole/ any one joint
shareholder or by operation of law;
• Dematerialise or rematerialise the share certificates;
• Further delegate all or any of the powers to any other
employee(s), officer(s), representative(s), consultant(s),
professional(s) or agent(s).
The Board is sufficiently satisfied that the Investor Grievance
committee has complied with the responsibilities as outlined
in the Investor Grievance Committee’s Charter in dealing with
investor grievances and its share transfer systems.
Compliance Officer
Vijaya Sampath, Group General Counsel & Company
Secretary acts as Compliance Officer of the Company for
complying with the requirements of the listing agreement
with the Stock Exchanges and requirements of SEBI
(Prohibition of Insider Trading) Regulations, 1992.
Nature of complaints and redressal status
During the financial year 2009-10, the complaints and
queries received by the Company were general in nature,
which include issues relating to non-receipt of dividend
warrants, shares and annual reports, etc. which were
resolved to the satisfaction of the respective shareholders.
Details of the investors’ complaints as on March 31, 2010 are
as follows:
Type of complaint Number Redressed Pending
Non-receipt of securities 50 50 Nil
Non-receipt of annual report 12 12 Nil
Non-receipt of dividend/
dividend warrants 47 47 Nil
Total 109 109 Nil
The above table does not include the responses furnished by
the Company on clarifications sought by stock exchanges
from time to time on various markets related matters.
T h e C o m p a n y h a s d e d i c a t e d e - m a i l I D ,
compliance.officer@bharti.in exclusively for the purpose of
registering investors complaint.
Other Committees
In addition to the above committees, the Company also has
a functional committee known has the Committee of
Directors. The Committee comprises of four directors, three
of whom including the Chairman are non-executive directors.
This Committee has been constituted to cater to the various
day-to-day requirements and to facilitate the seamless
operations of the Company. The Committee meets generally
on a monthly basis. The Committee may also meet
additionally, if so required. Constitution of this committee
has been duly approved by the Board.
SUBSIDIARY COMPANIES
Clause 49 defines a ‘material non-listed Indian subsidiary’ as
an unlisted subsidiary, incorporated in India, whose turnover
or net worth (i.e. paid-up capital and free reserves) exceeds
20% of the consolidated turnover or net worth respectively,
of the listed holding company and its subsidiaries in the
immediately preceding accounting year.
Bharti Infratel Limited is a material non-listed Indian
subsidiary as defined under clause 49 of the listing
agreement. N. Kumar, independent non-executive director
has been appointed as an independent non-executive
director on the Board of Bharti Infratel Limited w.e.f. April 29,
2008, in compliance with the clause 49(III)(i) of the listing
agreement with the stock exchanges.
GENERAL BODY MEETINGS
The last three annual general meetings were held as under:
Financial Year Location Date Time
2008-09 Air Force Auditorium, August 21, 1530 Hrs.
Subroto Park, New Delhi 2009 (IST)
2007-08 Air Force Auditorium, August 01, 1530 Hrs.
Subroto Park, New Delhi 2008 (IST)
2006-07 Air Force Auditorium, July 19, 1530 Hrs.
Subroto Park, New Delhi 2007 (IST)