Integrated Filing-Governance



General information about company

Scrip Code 534816
NSE Symbol INDUSTOWER
MSEI Symbol NOTLISTED
ISIN INE121J01017
Name of the entity Indus Towers Limited
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Yearly
Date of Quarter Ending 31-Mar-2026
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? Yes
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? No
Reason For Part D Of Annexure I Disclosure Of Imposition Of Fine Or Penalty Is Not Applicable To The Entity No fines or penalties were imposed on the entity in terms of Annexure I (Part D) of the SEBI Circular dated December 31, 2024, for the quarter ended March 31, 2026.
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity? Yes
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 100 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID b00638
Reason For No SCORE ID
Type of Submission Original
Remarks (website dissemination)



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory As per Regulation 17A of LODR, for counting no. of directorships including ID, listed entities whose shares are listed on stock exchange and high value debt listed entities are considered. To ensure consistency with NSE FAQs and CG Report format, no. of chairmanship held in Audit & SRC includes all public companies whether listed or not.
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Dinesh Kumar Mittal 00040000 Non-Executive - Independent Director Chairperson 25-Jan-1953 No Active Yes 22-Jun-2024 01-Apr-2024 01-Apr-2024 24 4 4 6 4
2 Mrs. Anita Kapur 07902012 Non-Executive - Independent Director Not Applicable 08-Nov-1955 No Active NA 17-Jan-2018 17-Jan-2023 98.46 2 2 3 1
3 Mr. Gopal Vittal 02291778 Non-Executive - Non Independent Director Not Applicable 18-Jun-1966 No Active NA 19-Nov-2020 2 0 1 0
4 Mr. Harjeet Singh Kohli 07575784 Non-Executive - Non Independent Director Not Applicable 04-Nov-1973 No Active NA 19-Nov-2020 1 0 4 1
5 Mr. Jagdish Saksena Deepak 02194470 Non-Executive - Non Independent Director Not Applicable 16-Jul-1958 No Active NA 01-Aug-2024 3 1 2 1
6 Mr. Prachur Sah 07871676 Executive Director Not Applicable CEO-MD 09-Aug-1976 No Active NA 03-Jan-2023 1 0 0 0
7 Mr. Rajan Bharti Mittal 00028016 Non-Executive - Non Independent Director Not Applicable 05-Jan-1960 No Active NA 27-Jan-2016 5 2 5 3
8 Mr. Rakesh Bharti Mittal 00042494 Non-Executive - Non Independent Director Not Applicable 18-Sep-1955 No Active NA 20-Jan-2025 2 0 0 0
9 Mr. Ramesh Abhishek 07452293 Non-Executive - Independent Director Not Applicable 03-Jul-1959 No Active NA 03-Jan-2023 03-Jan-2023 38.93 3 3 7 2
10 Mr. Sharad Bhansali 08964527 Non-Executive - Independent Director Not Applicable 19-Oct-1956 No Active NA 19-Nov-2020 19-Nov-2025 64.4 2 2 3 2
11 Mr. Soumen Ray 09484511 Non-Executive - Non Independent Director Not Applicable 13-Jul-1973 No Active NA 20-Jan-2025 2 0 5 1



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory Ms. Anita Kapur was appointed as a Chairperson of the Committee w.e.f November 19, 2020 and as a Member of the Committee w.e.f July 25, 2018...The terms of reference of Audit Committee were revised on October 01, 2014 to include the terms of reference of Risk Management Committee also. Accordingly, Audit Committee was designated as Audit & Risk Management Committee.



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 07902012 Anita Kapur Non-Executive - Independent Director Chairperson 25-Jul-2018 Textual Information(1)
2 08964527 Sharad Bhansali Non-Executive - Independent Director Member 19-Nov-2020
3 07452293 Ramesh Abhishek Non-Executive - Independent Director Member 26-Apr-2023
4 09484511 Soumen Ray Non-Executive - Non Independent Director Member 20-Jan-2025



Text Block
Textual Information(1) Ms. Anita Kapur was appointed as a Chairperson of the Committee w.e.f November 19, 2020 and as a Member of the Committee w.e.f July 25, 2018.



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 08964527 Sharad Bhansali Non-Executive - Independent Director Chairperson 19-Nov-2020
2 00040000 Dinesh Kumar Mittal Non-Executive - Independent Director Member 01-Apr-2024
3 00028016 Rajan Bharti Mittal Non-Executive - Non Independent Director Member 27-Jan-2016
4 07452293 Ramesh Abhishek Non-Executive - Independent Director Member 15-Oct-2024



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 08964527 Sharad Bhansali Non-Executive - Independent Director Chairperson 19-Nov-2020 Textual Information(1)
2 00028016 Rajan Bharti Mittal Non-Executive - Non Independent Director Member 27-Jan-2016 Textual Information(2)
3 07902012 Anita Kapur Non-Executive - Independent Director Member 20-Jan-2025



Text Block
Textual Information(1) Mr. Sharad Bhansali was appointed as a Chairperson of the Committee w.e.f October 15, 2024 and a Member of the Committee w.e.f November 19, 2020.
Textual Information(2) Mr. Rajan Bharti Mittal was recategorized as Member of the Committee w.e.f November 19, 2020.



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 07902012 Anita Kapur ID Chairperson 25-Jul-2018 Textual Information(1)
2 08964527 Sharad Bhansali ID Member 19-Nov-2020
3 07452293 Ramesh Abhishek ID Member 26-Apr-2023
4 09484511 Soumen Ray NED Member 20-Jan-2025



Text Block
Textual Information(1) Ms. Anita Kapur was appointed as a Chairperson of the Committee w.e.f November 19, 2020 and as a Member of the Committee w.e.f July 25, 2018.



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 10-Oct-2025 Yes 11 9 4
2 27-Oct-2025 16 Yes 11 10 4
3 02-Feb-2026 97 Yes 11 9 4



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 27-Oct-2025 Yes 4 4 3 0
2 Audit Committee 16-Jan-2026 80 Yes 4 4 3 0
3 Audit Committee 20-Jan-2026 3 Yes 4 3 3 0
4 Audit Committee 02-Feb-2026 12 Yes 4 4 3 0
5 Audit Committee 20-Feb-2026 17 Yes 4 4 3 0
6 Nomination and remuneration committee 27-Oct-2025 Yes 4 4 3 0
7 Nomination and remuneration committee 30-Mar-2026 153 Yes 4 4 3 0
8 Stakeholders Relationship Committee 27-Oct-2025 Yes 3 3 2 0
9 Risk Management Committee 27-Oct-2025 Yes 4 4 3 0
10 Risk Management Committee 16-Jan-2026 80 Yes 4 4 3 0
11 Risk Management Committee 20-Jan-2026 3 Yes 4 3 3 0
12 Risk Management Committee 02-Feb-2026 12 Yes 4 4 3 0
13 Risk Management Committee 20-Feb-2026 17 Yes 4 4 3 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here: Integrated Filing (Governance) for the quarter ended December 31, 2025 as submitted to Stock Exchanges was placed before the Board in its meeting held on February 02, 2026. Further, the Integrated Filing (Governance) for the quarter ended March 31, 2026 will be placed before the Board in the upcoming meeting.



Annexure 1
Sr Subject Compliance status
1 Name of signatory Samridhi Rodhe
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Annexure II to be submitted by listed entity at the end of the financial year (for the whole of financial year)
I. Disclosure on website in terms of LODR Regulation
Sr Item Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here. Web address
1.1 Details of business Yes https://www.industowers.com/investor/company-profile/
1.2 Memorandum of Association and Articles of Association Yes https://www.industowers.com/wp-content/uploads/MOAAOA.pdf
1.3 Brief profile of board of directors including directorship and full time positions in body corporates Yes https://www.industowers.com/investor/corporategovernance/
2 Terms and conditions of appointment of independent directors Yes https://www.industowers.com/wp-content/themes/indus/pdf/Terms-Conditions-of-Appointment-of-Independent-Directors%20-Draft-Appointment-Letter-.pdf
3 Composition of various committees of board of directors Yes https://www.industowers.com/investor/corporategovernance/#board-committees
4 Code of conduct of board of directors and senior management personnel Yes https://www.industowers.com/wp-content/uploads/Code-of-Conduct.pdf
5 Details of establishment of vigil mechanism or whistle blower policy Yes https://www.industowers.com/wp-content/uploads/Whistle-Blower-Policy.pdf
6 Criteria of making payments to non-executive directors Yes https://www.industowers.com/wp-content/uploads/policy_on_nomination_remuneration_and_board_diversity.pdf
7 Policy on dealing with related party transactions Yes https://www.industowers.com/wp-content/uploads/policy_of_related_party_transactions.pdf
8 Policy for determining material subsidiaries Yes https://www.industowers.com/wp-content/uploads/Material-subsidiaries.pdf
9 Details of familiarization programmes imparted to independent directors Yes https://www.industowers.com/wp-content/uploads/familiarization-programme-2025-26.pdf
10 Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances Yes https://www.industowers.com/investor/investor-support/?var=1661257231
11 Email address for grievance redressal and other relevant details Yes https://www.industowers.com/investor/investor-support/?var=1661257231
12 Financial results Yes https://www.industowers.com/investor/result/#quarterly-results
13 Shareholding pattern Yes https://www.industowers.com/investor/shares/#shareholding-pattern
14 Details of agreements entered into with the media companies and/or their associates NA
15.1 Schedule of analyst or institutional investor meet and presentation prepared by listed entity for analyst or institutional investor meet Yes https://www.industowers.com/investor/presentations/
15.2 Audio or video recordings and transcripts of post earnings/quarterly calls Yes https://www.industowers.com/investor/result/#quarterly-results
16 New name and the old name of the listed entity NA
17 Advertisements as per regulation 47 (1) Yes https://www.industowers.com/investor/result/#quarterly-results
18 Credit rating or revision in credit rating obtained Yes https://www.industowers.com/investor/debt/#credit_rating
19 Separate audited financial statements of each subsidiary of the listed entity Yes https://www.industowers.com/investor/result/
20 Secretarial compliance report Yes https://www.industowers.com/wp-content/themes/indus/pdf/annualcompliancereport.pdf
21 Materiality policy as per regulation 30 (4) Yes https://www.industowers.com/wp-content/uploads/2023/01/Materiality-Policy.pdf
22 Disclosure of contact details of KMP who are authorized for the purpose of determining materiality as required under regulation 30(5) Yes https://www.industowers.com/investor/investor-support/
23 Disclosures under regulation 30(8) Yes https://www.industowers.com/investor/stock-exchange-submission/
24 Statements of deviation(s) or variations(s) as specified in regulation 32 NA
25 Dividend distribution policy as specified in regulation 43A (1) Yes https://www.industowers.com/wp-content/uploads/Dividend-Distribution.pdf
26.1 Annual return as provided under section 92 of the Companies Act 2013 Yes https://www.industowers.com/investor/result/#annual-results
26.2 Employee benefit scheme documents framed in terms of SEBI (SBEB) regulations 2021
27 Confirmation that the above disclosures are in a separate section as specified in regulation 46(2) Yes https://www.industowers.com/investor/disclosures-of-sebi-lodr-regulations-2015/
28 Compliance with regulation 46(3) with respect to accuracy of disclosures on the website and timely updation Yes https://www.industowers.com/investor/disclosures-of-sebi-lodr-regulations-2015/
29 Disclosure of notes on website in terms of Listing Regulations explanatory For point number 6 - Criteria of making payments to non-executive directors forms part of Policy on Nomination, Remuneration and Board Diversity.


Text Block
Textual Information(1) For point number 6 - Criteria of making payments to non-executive directors forms part of Policy on Nomination, Remuneration and Board Diversity.



Annexure II
II. Annual Affirmations
Sr Particulars Regulation Number Compliance status (Yes/No/NA) If status is No details of non-compliance may be given here.
1 Independent director(s) have been appointed in terms of specified criteria of independence and/or eligibility 16(1)(b) Yes
2 Board Composition 17(1), 17(1A) & 17(1C), 17(1D) & 17(1E) Yes
3 Meeting Of Board Of Directors 17(2) Yes
4 Quorum of board meeting 17(2A) Yes
5 Review of Compliance Reports 17(3) Yes
6 Plans for orderly succession for appointments 17(4) Yes
7 Code of Conduct 17(5) Yes
8 Fees/compensation 17(6) Yes
9 Minimum Information 17(7) Yes
10 Compliance Certificate 17(8) Yes
11 Risk Assessment & Management 17(9) Yes
12 Performance Evaluation of Independent Directors 17(10) Yes
13 Recommendation of Board 17(11) Yes
14 Maximum number of Directorships 17A Yes
15 Composition of Audit Committee 18(1) Yes
16 Meeting of Audit Committee 18(2) Yes
17 Role of Audit Committee and information to be reviewed by the audit committee 18(3) Yes
18 Composition of nomination & remuneration committee 19(1) & (2) Yes
19 Quorum of Nomination and Remuneration Committee meeting 19(2A) Yes
20 Meeting of Nomination and Remuneration Committee 19(3A) Yes
21 Role of Nomination and Remuneration Committee 19(4) Yes
22 Composition of Stakeholder Relationship Committee 20(1), 20(2) & 20(2A) Yes
23 Meeting of Stakeholders Relationship Committee 20(3A) Yes
24 Role of Stakeholders Relationship Committee 20(4) Yes
25 Composition and role of risk management committee 21(1),(2),(3),(4) Yes
26 Meeting of Risk Management Committee 21(3A) Yes
27 Quorum of Risk Management Committee meeting 21(3B) Yes
28 Gap between the meetings of the Risk Management Committee 21(3C) Yes
29 Vigil Mechanism 22 Yes
30 Policy for related party Transaction 23(1), (1A), (5), (6), & (8) Yes
31 Prior or Omnibus approval of Audit Committee for all related party transactions 23(2), (3) Yes
32 Approval for material related party transactions 23(4) Yes
33 Disclosure of related party transactions on consolidated basis 23(9) Yes
34 Composition of Board of Directors of unlisted material Subsidiary 24(1) NA
35 Other Corporate Governance requirements with respect to subsidiary of listed entity 24(2),(3),(4),(5) & (6) Yes
36 Alternate Director to Independent Director 25(1) NA
37 Maximum Tenure 25(2) Yes
38 Appointment, Re-appointment or removal of an Independent Director through special resolution or the alternate mechanism 25(2A) Yes
39 Meeting of independent directors 25(3) & (4) Yes
40 Familiarization of independent directors 25(7) Yes
41 Declaration from Independent Director 25(8) & (9) Yes
42 Directors and Officers insurance 25(10) Yes
43 Confirmation with respect to appointment of Independent Directors who resigned from the listed entity 25(11) NA
44 Memberships in Committees 26(1) Yes
45 Affirmation with compliance to code of conduct from members of Board of Directors and Senior management personnel 26(3) Yes
46 Policy with respect to Obligations of directors and senior management 26(2) & 26(5) Yes
47 Approval of the Board and shareholders for compensation or profit sharing in connection with dealings in the securities of the listed entity 26(6) NA
48 Vacancies in respect Key Managerial Personnel 26A(1) & 26A(2), 26A(3) NA
Any other information to be provided - Add Notes



Annexure II
III. Affirmations
Sr Particulars Compliance status (Yes/No/NA)
1 The Listed Entity has approved Material Subsidiary Policy and the Corporate Governance requirements with respect to subsidiary of Listed Entity have been complied Yes
Any other information to be provided



Annexure II
1 Name of signatory Samridhi Rodhe
2 Designation Company Secretary and Compliance Officer



Additional Half yearly Disclosure
Any Other Information for Disclosure of Loans / Guarantees / Comfort Letters / Securities Etc.
I. Disclosure of Loans/ guarantees/comfort letters /securities etc.refer note below
(A)Any loan or any other form of debt advanced by the listed entity directly or indirectly to
Entity Aggregate amount advanced during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them 0 0
Promoter Group or any other entity controlled by them 0 0
Directors (including relatives) or any other entity controlled by them 0 0
KMPs or any other entity controlled by them 0 0
(B) Any guarantee / comfort letter (by whatever name called) provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed By
Entity Type (guarantee, comfort letter etc.) Aggregate amount of issuance during six months Balance outstanding at the end of six months(taking into account any invocation)
Promoter or any other entity controlled by them NA 0 0
Promoter Group or any other entity controlled by them NA 0 0
Directors (including relatives) or any other entity controlled by them NA 0 0
KMPs or any other entity controlled by them NA 0 0
(C) Any security provided by the listed entity directly or indirectly, in connection with any loan(s) or any other form of debt availed by
Entity Type of security (cash, shares etc.) Aggregate value of security provided during six months Balance outstanding at the end of six months
Promoter or any other entity controlled by them NA 0 0
Promoter Group or any other entity controlled by them NA 0 0
Directors (including relatives) or any other entity controlled by them NA 0 0
KMPs or any other entity controlled by them NA 0 0
(D) Additional Information
II. Affirmations
Affirmations Compliance Status Company Remarks
All loans (or other form of debt), guarantees, comfort letters (by whatever name called) or securities in connection with any loan(s) (or other form of debt) given directly or indirectly by the listed entity to promoter(s), promoter group, director(s) (including their relatives), key managerial personnel (including their relatives) or any entity controlled by them are in the economic interest of the company. Yes
Name Vikas Poddar
Designation Chief Financial Officer
Place Gurugram
Date 31-Mar-2026



Signatory Details
Name of signatory Samridhi Rodhe
Designation of person Company Secretary and Compliance Officer
Place Gurugram
Date 30-Apr-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 0
No. of investor complaints disposed off during the Quarter 0
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies Indus Towers Limited has, through its UAE incorporated step-down wholly owned subsidiaries, namely Indus Towers Management FZE, Indus Towers Investment FZE, and Indus Towers Ventures FZE further established step-down subsidiaries in Nigeria, Zambia, and Uganda, namely Indus Towers Nigeria Limited, Indus Towers Infra Zambia Limited, and Indus Infra Uganda Limited, respectively.
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter
1 Indus Towers Nigeria Limited 15-Jan-2026 0 100 100
2 Indus Towers Infra Zambia Limited 15-Jan-2026 0 100 100
3 Indus Infra Uganda Limited 20-Jan-2026 0 100 100


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 Income Tax Authority (2009-10 to FY 2016-17 (except FY 2014-15) and FY 2019-20 to FY 2020-21) 09-Feb-2019 For FY 2009-10, The Hon'ble ITAT has pronounced an order on December 16, 2024 in favour of the Company on denial of depreciation on assets received under merger, disallowance of provision for expenses, amortization of ARO, provision for SLA Credit etc. For FY 2010-11, ITAT has followed FY 2009-10 order and decided the similar issues in favour of the company . For subsequent years up to FY 2016-17 (except FY 2014-15), CIT(A) has followed ITAT judgement of FY 2009-10 & 2010-11. For FY 2018-19 to FY 20-21, the reassessment/assessment proceedings have been completed, however the company has approached the HC against the orders and stay has been granted. For FY 21-22 to FY 22- 23 the assessment has been completed, and appeal is pending before CIT (Appeal). The expected financial implication is Rs. 3134 Mn (approx.) For FY 2009-10 (AY 10-11), The Hon’ble ITAT has pronounced an order on December 16, 2024 in favour of the Company on denial of depreciation on assets received under merger, disallowance of provision for expenses, amortization of ARO, provision for SLA Credit etc. For FY 2010-11 (AY 11-12), ITAT has followed FY 2009-10 order and decided the similar issues in favour of the company. For subsequent years up to FY 2016-17 (except FY 2014-15), CIT(A) has followed ITAT judgement of FY 2009-10 & 2010-11. For FY 2017-18, CIT (A) has set aside the assessment order and directed AO to carry out fresh assessment, the company is in process of filing appeal before Hon’ble ITAT,For FY 2018-19 to FY 20-21, the reassessment/assessment proceedings have been completed, however the company has approached the HC against the orders and stay has been granted. For FY 21-22, CIT(A) has followed ITAT judgement of FY 2009-10 & 2010-11 and decided the similar issues in favour of the company. For FY 22- 23 the assessment has been completed, and appeal is pending before CIT (Appeal) and For FY 2023–24, the assessment has also been completed, wherein additions have been made on issues similar to those arising in FY 2009–10, the company is in process of filing appeal before Hon’ble ITAT. The expected financial implication is Rs. 3185 Mn (approx.)