Bharti Airtel board approves re-appointment of Sunil Bharti Mittal as chairman for 5 years

Bharti Airtel on Wednesday (May 13) announced the reappointment of Sunil Bharti Mittal as chairman of the telecom company for a period of five years from October 1, 2026.

This development comes after Sunil Bharti Mittal’s current Presidential term ends on September 30, 2026. Accordingly, the board reappointed the executive to the same position from October 1, 2026 to September 30, 2031.

At the same meeting, the company’s board of directors also approved the reappointment of Nisaba Godrej as an Independent Director for a second term of five years, effective August 4, 2026.

Both appointments remain subject to formal approval by the company’s shareholders. The decisions were taken at a board meeting held on May 13, after which the company informed the exchanges of the reappointments in a post-market regulatory filing.

Leadership continuity

The company confirmed that both individuals met the regulatory requirements for their positions. The filing also disclosed that Chairman Sunil Bharti Mittal is related to his brother, Non-Executive Director Rajan Bharti Mittal, in accordance with mandatory related party and relationship disclosure norms.

Meanwhile, it has been confirmed that Nisaba Godrej has no family connection with any of the current Board members.

The reappointment announcements were made alongside the company’s fourth quarter results for fiscal 2025-26.

Bharti Airtel’s Q4 earnings and dividend announcement

Bharti Airtel, India’s second largest telecom provider, announced its financial performance for the March quarter and financial year 2025-26 after market hours on Wednesday.

The company announced consolidated net profit ₹7,325 crore for QY26, indicating a 10.5% increase from the previous quarter. However, on an annual (annual) basis, the company’s net profit decreased by 33.5% compared to the same month in the previous year. ₹11,021 crore was reported in 4FY25.

The decline in profits is largely attributable to the high base in the year-ago period when the company booked tax credits. ₹2,892 crore. During the quarter, the company also pleaded guilty to a charge amounting to: ₹3,161 crore for regulation and government taxes.

Meanwhile, Bharti Airtel’s consolidated income from operations remained in February: ₹55,383 crore, up 15.7% year-on-year and 2.6% quarter-on-quarter. This growth is largely driven by sustained growth in India, strong performance in Africa and strong growth in the home broadband segment.

The company also announced its final dividend distribution. ₹24 per share for FY26. “The above final dividend, if approved by the shareholders at the next Annual General Meeting (AGM), will be credited within 30 days from the date of the AGM. The record date for determining the members entitled to receive dividends will be announced in due course,” the company said in its application.

Bharti Airtel’s share price trend

Shares of the telecom company are 1.39% or ₹24.40 higher ₹1,781.20 on Wednesday. However, it lost 2.71% in the last five trading sessions.

Bharti Airtel’s shares have been under pressure for a while now; It has decreased by almost 5% in the last month and by almost 15% in the last six months. While the company’s shares have decreased by 15.60% since the beginning of the year, the stock has lost 2.16% in value in the last year.