a)
On 7 May 2025, the directors recommended, and shareholders approved on 9 July 2025, a final dividend of 3.90 cents per ordinary share for the year ended 31 March 2025, which was paid on 25 July 2025 to the holders of ordinary shares on the register of members at the close of business on 20 June 2025.
Further, an interim dividend of 2.84 cents per share was also approved by the Board on 27 October 2025 which has been paid on 12 December 2025.
b)
On 23 December 2024, the company announced the commencement of its $100m second share buy-back programme to be achieved in two tranches. Following the completion of its first tranche of the buy-back on 24 April 2025, the company has announced the commencement of its second tranche of the programme on 14 May 2025. As part of the programme, the company has entered into an agreement with Barclays Capital Securities Limited (‘Barclays’) to conduct the second tranche of the buy-back amounting to a maximum of $55m and carry out on-market purchases of its ordinary shares, with the company subsequently purchasing its ordinary shares from Barclays. The second tranche of the programme was completed on 24 March 2026.
During the year ended 31 March 2026, the company bought back 26,185,526 shares (7,489,044 shares and 18,696,482 shares against first and second tranche respectively) and has cancelled 15,648,848 shares against the second tranche resulting in 3,654,881,028 ordinary shares outstanding as of 31 March 2026. The purchase price of the shares bought back was $71m. The nominal value ($0.5 per share) of the cancelled shares, amounting to $8m, has been transferred to the capital redemption reserve. Further, 6,177,028 shares bought back against the first and second tranche, which have neither been cancelled nor issued to employees, are being held as treasury shares in connection with an employee share incentive scheme.
c)
During the year ended 31 March 2022, the Group had completed a transaction with TPG’s The Rise Fund and Mastercard for sale of interests in one of the Group’s subsidiary, Airtel Mobile Commerce BV (‘AMC BV’), pursuant to which the Group had written a put option in favour of investors to buy back their stock on fair value (subject to cap) at the end of 48 months from first close date, in the event of no Initial Public Offering for the said subsidiary.
During the current year, Group has agreed with The Rise Fund and Mastercard to defer the exercisable date of their put options under their respective agreements by 12 months. Accordingly, the Group has remeasured its put option liability by $6m to reflect the said extension by a corresponding adjustment to ‘Transaction with NCI reserve’.