Bharti Airtel Ltd reconstitutes the Board

Bharti Airtel Ltd has informed that the following changes in the constitution of the Board:

1. Mr. York Chye Chang has resigned from the Directorship of the Company w.e.f. April 26, 2007.
2. Mr. Francis Heng has been appointed as Director to fill the casual vacancy caused by resignation of Mr. York Chye Chang, w.e.f. April 26, 2007.

3. In line with emerging international practice, the Board of Directors has adopted a rotation policy for statutory and internal auditors for a maximum tenure of five years and rotation of audit partners every three years. Accordingly, the board of directors have recommended the appointment of S R Batliboi & Associates, Chartered Accountants, a member firm of Ernst & Young Global as statutory auditors at the conclusion of the forthcoming Annual General Meeting on July 02, 2007 and Ernst and Young as auditors for US GAAP for the financial year ending March 31, 2008. The Board has also proposed to appoint Price Waterhouse, Chartered Accountants as internal auditors after conclusion of their tenure as statutory auditors of the Company.

Source : Equity Bulls

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