With reference to clarification on news item ‘DGFT blacklists Bharti Airtel, puts company under Denied Entry List’ (‘DEL’), Bharti Airtel has informed that the Company has not applied for any such license since April, 2018 since there was no operational need for the same. The Company has fulfilled all its export obligations under the past licenses and has applied for closure of these licenses along with necessary documents to the authorities in this regard. The Company is working towards an expeditious closure of this matter with the Office of the DGFT and for getting the Company’s name removed from the DEL. It must also be noted that the said action does not limit the ability of the Company to undertake future imports or exports. The aforesaid being non-material in nature, does not warrant any disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
