Bharti Airtel Limited — Others, 25-11-2024: Action(s) taken or orders passed

Bharti Airtel Limited has announced a board meeting to discuss notices from the Department of Telecommunications regarding penalties imposed for alleged violations of subscriber verification norms. The company faces a penalty of ₹1.12 crore from the Bihar DoT and ₹97 lakh from the Punjab DoT. While the financial impact is limited to these penalties, Bharti Airtel does not agree with the notices and plans to pursue rectification. This situation may create a negative sentiment among investors, given the regulatory scrutiny, but the firm’s response suggests it may seek to mitigate potential risks related to compliance.