Vodafone Idea Limited (VIL) has announced that its Board of Directors, at a meeting held on 3 October 2025, has approved the draft Postal Ballot Notice to seek shareholder approval for the appointment and remuneration of Mr. Abhijit Kishore as the company’s Chief Executive Officer (CEO).

This follows the earlier intimation dated 14 August 2025, wherein the company had informed the stock exchanges about the appointment of Mr. Kishore as CEO for a term of three years effective 19 August 2025. The approval through the postal ballot process is in line with statutory and regulatory requirements to ensure shareholder consent for managerial appointments and pay structures.

Details of the Postal Ballot Process

The company has confirmed that members whose names appear in the Register of Members/Beneficial Owners as on 3 October 2025 (cut-off date) will be entitled to vote on the resolution proposed in the postal ballot notice. The notice will be dispatched electronically to the eligible shareholders by 10 October 2025, followed by a public advertisement on 11 October 2025 announcing the dispatch.

The e-voting process will commence on 13 October 2025 and conclude on 11 November 2025. The resolution will be deemed to have been passed on 11 November 2025, subject to approval by the requisite majority. The scrutinizer’s report will be submitted on 12 November 2025, and the final results will be declared on the same day.

The Board has appointed Mr. Umesh Ved & Associates, Practicing Company Secretary, as the scrutinizer to oversee the process and ensure compliance with applicable laws and regulations.

Importance of the Shareholder Approval

The approval of shareholders through a postal ballot is necessary for validating the appointment and remuneration of key managerial personnel in listed companies under the provisions of the Companies Act, 2013 and the SEBI Listing Regulations.

For Vodafone Idea, which has been undergoing significant restructuring to strengthen its operations and financial position, the appointment of a new CEO marks an important milestone. Abhijit Kishore, with his vast experience in the telecom sector, is expected to play a critical role in driving growth, improving operational efficiency, and managing competitive pressures in India’s telecom market.

Tentative Calendar of Events

The company has shared the tentative calendar of events related to the postal ballot process:

• 3 October 2025: Board resolution approving the postal ballot process.

• 3 October 2025: Cut-off date for determining eligible shareholders.

• 10 October 2025: Completion of electronic dispatch of postal ballot notice.

• 11 October 2025: Publication of advertisement in newspapers.

• 13 October 2025: Commencement of e-voting by electronic mode.

• 11 November 2025: End of e-voting by electronic mode; resolution deemed passed.

• 12 November 2025: Submission of scrutinizer’s report and declaration of results.

Strategic Importance of the Appointment

The telecom sector in India remains highly competitive with Bharti Airtel, Reliance Jio, and Vodafone Idea being the three major private players. Vodafone Idea has been focusing on improving its network infrastructure, customer services, and financial health amidst intense competition and regulatory challenges.

The appointment of Mr. Kishore as CEO is expected to bring in leadership stability and strategic direction. With over two decades of experience in the industry, he is well-positioned to steer the company through its next phase of transformation.

His role will include driving subscriber growth, enhancing revenue streams, focusing on 5G rollout, and improving customer experience. Additionally, his leadership will be crucial in managing Vodafone Idea’s debt restructuring efforts and fundraising plans, which remain central to the company’s revival strategy.

Regulatory and Compliance Perspective

Vodafone Idea has ensured that the intimation is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The move reflects the company’s commitment to maintaining transparency and good governance practices by keeping its investors and stakeholders informed about important corporate decisions.

The use of postal ballot and e-voting is also in line with the broader trend of ensuring wider shareholder participation and promoting digital governance mechanisms in corporate India.

Investor and Market Impact

While the appointment of Mr. Kishore had already been announced earlier, the postal ballot process will provide formal validation from shareholders. Market participants will closely watch the outcome as it reaffirms investor confidence in the company’s leadership.

For shareholders and institutional investors, the appointment of a seasoned professional like Abhijit Kishore may provide reassurance about the company’s future strategy. The outcome of the postal ballot is expected to have a positive impact on investor sentiment as Vodafone Idea works towards improving its financials and service offerings.

Conclusion

The approval of the postal ballot process by the Vodafone Idea Board marks an important step in formalising the appointment and remuneration of its new CEO, Mr. Abhijit Kishore. With the e-voting scheduled to commence on 13 October 2025 and results expected by 12 November 2025, shareholders will play a decisive role in endorsing the company’s leadership decision.

This development underscores Vodafone Idea’s focus on strengthening corporate governance, ensuring compliance with SEBI regulations, and building investor confidence as it navigates challenges in the telecom industry.

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