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162024-09-305348162024-12-31UnlistedCompanyDomain15348162024-10-012024-12-31UnlistedCompanyDomain15348162024-09-30UnlistedCompanyDomain15348162024-12-31ImpositionOfFineOrPenaltyDomain15348162024-12-31ImpositionOfFineOrPenaltyDomain25348162024-12-31OngoingTaxLitigationsOrDisputesDomain15348162024-12-31OngoingTaxLitigationsOrDisputesDomain2xbrli:pure534816INDUSTOWERNOTLISTEDINE121J01017INDUS TOWERS LIMITED2024-04-012025-03-31Quarterly2024-12-31EquitytruetruetruetruetruetrueTop 500 listed entitiestrueb00638Original1.As per Regulation 17A of LODR, for counting no. of directorships including ID, listed entities whose shares are listed on stock exchange 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 2. Mr. Sunil Sood, Mr. Ravinder Takkar and Mr. Thomas Reisten has resigned w.e.f from closure of business hours on November 18, 2024 due to termination of Shareholder Agreement and cessation of Board Appointment Rights of Vodafone Shareholders pursuant to Articles of Association of the Company and consequently ceased to be members of the Board CommitteestruefalseMrDinesh Kumar Mittal00040000Non-Executive - Independent DirectorChairperson1953-01-25falseActiveYes2024-06-222024-04-012024-04-0194462MrsAnita Kapur07902012Non-Executive - Independent DirectorNot Applicable1955-11-08falseActiveNA2018-01-172023-01-1783.132231MrGopal Vittal 02291778Non-Executive - Non Independent DirectorNot Applicable1966-06-18falseActiveNA2020-11-192010MrHarjeet Singh Kohli07575784Non-Executive - Non Independent DirectorNot Applicable1973-11-04falseActiveNA2020-11-191051MrPrachur Sah 07871676Executive DirectorNot ApplicableCEO-MD1976-08-09falseActiveNA2023-01-031000MrRajan Bharti Mittal00028016Non-Executive - Non Independent DirectorNot Applicable1960-01-05falseActiveNA2016-01-274253MrRamesh Abhishek07452293Non-Executive - Independent DirectorNot Applicable1959-07-03falseActiveNA2023-01-032023-01-0323.273371MrRandeep Singh Sekhon08306391Non-Executive - Non Independent DirectorNot Applicable1969-07-04falseActiveNA2020-11-191000MrSharad Bhansali08964527Non-Executive - Independent DirectorNot Applicable1956-10-19falseActiveNA2020-11-192020-11-1949.112232MrJagdish Saksena Deepak02194470Non-Executive - Non Independent DirectorNot Applicable1958-07-16falseActiveNA2024-08-013110MrRavinder Takkar01719511Non-Executive - Non Independent DirectorNot Applicable1968-07-05falseActiveNA2020-11-192024-11-181010OthersMrSunil Sood03132202Non-Executive - Non Independent DirectorNot Applicable1961-02-09falseActiveNA2022-06-302024-11-181010OthersMrThomas Reisten06900067Non-Executive - Non Independent DirectorNot Applicable1972-08-02falseActiveNA2020-11-192024-11-180000OthersThe terms of reference of Audit Committee were revised on October 1, 2014 to include the terms of reference of Risk management Committee also. Accordingly, Audit Committee was designated as Audit & Risk Management Committee.truetruetruetruetrueAudit Committee07902012Anita KapurNon-Executive - Independent DirectorChairperson2018-07-25Ms. 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.Audit Committee00040000Dinesh Kumar MittalNon-Executive - Independent DirectorMember2024-04-01Audit Committee08964527Sharad BhansaliNon-Executive - Independent DirectorMember2020-11-19Audit Committee07452293Ramesh AbhishekNon-Executive - Independent DirectorMember2023-04-26Audit Committee07575784Harjeet Singh KohliNon-Executive - Non Independent DirectorMember2020-11-19Audit Committee06900067Thomas ReistenNon-Executive - Non Independent DirectorMember2020-11-192024-11-18Nomination and remuneration committee08964527Sharad BhansaliNon-Executive - Independent DirectorChairperson2020-11-19Nomination and remuneration committee07902012Anita KapurNon-Executive - Independent DirectorMember2022-01-01Nomination and remuneration committee00040000Dinesh Kumar MittalNon-Executive - Independent DirectorMember2024-04-01Nomination and remuneration committee00028016Rajan Bharti MittalNon-Executive - Non Independent DirectorMember2016-01-27Nomination and remuneration committee07452293Ramesh AbhishekNon-Executive - Independent DirectorMember2024-10-15Nomination and remuneration committee01719511Ravinder TakkarNon-Executive - Non Independent DirectorMember2020-11-192024-11-18Stakeholders Relationship Committee08964527Sharad BhansaliNon-Executive - Independent DirectorChairperson2020-11-19Mr. 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.Stakeholders Relationship Committee00028016Rajan Bharti MittalNon-Executive - Non Independent DirectorMember2016-01-27Mr. Rajan Bharti Mittal was recategorized as Member of the Committee w.e.f November 19, 2020.Stakeholders Relationship Committee07452293Ramesh AbhishekNon-Executive - Independent DirectorMember2023-04-26Mr. Ramesh Abhishek has ceased to be the Chairperson of the Committee w.e.f October 15, 2024 and continues as a Member of the CommitteeStakeholders Relationship Committee03132202Sunil SoodNon-Executive - Non Independent DirectorMember2022-06-302024-11-18Risk Management Committee07902012Anita KapurNon-Executive - Independent DirectorChairperson2018-07-25Ms. 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.Risk Management Committee00040000Dinesh Kumar MittalNon-Executive - Independent DirectorMember2024-04-01Risk Management Committee08964527Sharad BhansaliNon-Executive - Independent DirectorMember2020-11-19Risk Management Committee07452293Ramesh AbhishekNon-Executive - Independent DirectorMember2023-04-26Risk Management Committee07575784Harjeet Singh KohliNon-Executive - Non Independent DirectorMember2020-11-19Risk Management Committee06900067Thomas ReistenNon-Executive - Non Independent DirectorMember2020-11-192024-11-18Corporate Social Responsibility Committee07452293Ramesh AbhishekNon-Executive - Independent DirectorChairperson2023-04-26Mr. Ramesh Abhishek was appointed as a Chairperson of the Committee w.e.f October 15, 2024 and as a Member of the Committee w.e.f April 26, 2023.Corporate Social Responsibility Committee00028016Rajan Bharti MittalNon-Executive - Non Independent DirectorMember2016-01-27Corporate Social Responsibility Committee00040000Dinesh Kumar MittalNon-Executive - Independent DirectorMember2024-12-22Corporate Social Responsibility Committee01719511Ravinder TakkarNon-Executive - Non Independent DirectorMember2020-11-192024-11-18Other Committee07452293Ramesh AbhishekESG CommitteeNon-Executive - Independent DirectorChairpersonMr. Ramesh Abhishek was appointed as a Chairperson of the ESG Committee w.e.f October 15, 2024 and as a Member of the ESG Committee w.e.f April 26, 2023.Other Committee07871676Prachur Sah ESG CommitteeExecutive DirectorMemberMr. Prachur Sah was appointed as a Member of the ESG Committee w.e.f January 23, 2023.Other Committee08306391Randeep Singh SekhonESG CommitteeNon-Executive - Non Independent DirectorMemberMr. Randeep Singh Sekhon was appointed as a Member of the ESG Committee w.e.f January 27, 2022.Other Committee06900067Thomas ReistenESG CommitteeNon-Executive - Non Independent DirectorMemberMr. Thomas Reisten ceased to be a member of ESG Committee w.e.f November 18, 2024.2024-07-30true141352024-10-22true13124Audit Committee2024-07-30true7750Audit Committee2024-10-2283true6640Nomination and remuneration committee2024-07-30true6640Stakeholders Relationship Committee2024-07-30true4420Stakeholders Relationship Committee2024-10-22true4420Corporate Social Responsibility Committee2024-07-30true4420Corporate Social Responsibility Committee2024-10-2283true3310Risk Management Committee2024-07-30true7750Risk Management Committee2024-10-22true6640Other Committee2024-10-22ESG Committeetrue4410truetruetruetrueYestruetruetrueCorporate Governance Report for the quarter ended September 30, 2024 as submitted to Stock Exchanges was placed before the Board in its meeting held on October 22, 2024. Also, the existing Corporate Governance Report for the quarter ended December 31, 2024 was placed before the Board in its meeting held on January 23, 2025. Further, the Integrated Filing (Governance) for the quarter ended December 31, 2024 will be placed before the Board in the upcoming meeting.Samridhi RodheCompany Secretary and Compliance OfficerfalseSamridhi RodheCompany Secretary and Compliance OfficerGurugram2025-02-1411110Date mentioned in the column date of acquisition is the date of execution of Power Purchase Agreement establishing an intent to acquire in terms of sub-para 1 of para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015JSW Green Energy Eight Limited2024-12-1200.260.26Additional Commissioner of State Tax (Patna)Order passed by Additional Commissioner of State Tax (Patna) levying penalty of Rs. 3,12,246/-.2024-10-19Penalty levied due to multiple E-way Bill for a single invoiceCompany will challenge the order at GST Appeal and there is no material impact of the same on financials, operations or other activities of the Company.National Stock Exchange of India Limited (NSE) and BSE LimitedFine of Rs. 5,900/- each including GST imposed by NSE and BSE2024-12-13Fine levied due to delayed submission of Related Party Transactions statement for the half year ended September 30, 2024.There was a delay of 5 minutes in submitting Related Party Transactions statement for the half year ended September 30, 2024 owing to technical glitch faced by the Company. The Company has submitted the facts and has filed an application for waiver of fines with NSE and BSE. There is no material impact of the same on the financials.The Commissioner of Service Tax, New Delhi2015-02-28The Service tax department had issued certain orders for the disallowance of CENVAT Credit availed on Inputs, Capital Goods and Input Services for the pre GST period following adverse ruling of Hon’ble High Court of Bombay on the premise that towers & shelters are immovable property. The Company filed writ petition before Hon’ble High Court of Delhi, which was allowed in favour of the Company vide Judgment dated October 31, 2018 wherein it was held that towers are movable in nature and Cenvat credit can be availed on receipt of such goods. Against the favorable ruling of Hon’ble High Court of Delhi in the petition filed by the Company, the Department filed SLP before Hon'ble Supreme Court, in which no stay was granted to the Department and the simple notice is issued and the same is pending adjudication. The matter will come up for final arguments in due course. The expected financial implication as per last disclosure was Rs. 35,657Mn.The Hon’ble Supreme court pronounced the order on November 20, 2024 and upheld the decision of Hon’ble Delhi High Court wherein CENVAT credit was allowed in the favour of the Company. The order by the Hon’ble Supreme court also overrules the Hon’ble Bombay High Court’s decision in the case of Bharti Airtel and Vodafone, where CENVAT credit was denied. This has a positive outcome for the Company and has resulted in a reduction of Rs. 37,044 Mn in contingent liability. Accordingly, the matter is closed.Income Tax Authority (2009-10 to FY 2016-17 (except FY 2014-15) and FY 2019-20 to FY 2021-22)2019-02-09Major issues are denial of depreciation on assets received under merger, disallowance of provision for expenses, amortization of ARO, provision for SLA Credit etc. For FY 2009-10, appeal pending before Income tax appellate tribunal and stay of demand obtained. For FY 2010-11, appeal disposed of by CIT (A) and the Company is in process of taking necessary action including but not limited to filing appeal / stay petition before ITAT. For remaining years, appeal(s) pending before CIT (A), stay given by AO. The expected financial implication as per last disclosure was Rs. 37,542Mn.For FY 2009-10, The Hon’ble ITAT has pronounced an order on December 16, 2024 in favor 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. This has a positive outcome for the Company and has resulted in a reduction of Rs. 35,573Mn (approx) in contingent liability. For FY 2010-11, the matter is pending before ITAT. For subsequent years upto FY 2016-17 (except FY 2014-15), the hearing has been concluded before Commissioner (Appeals) and the order is awaited. For FY 2018-19 to FY 2020-21, the assessments/reassessment proceedings have been completed, however the company has approached the HC against the orders. For FY 2021-22 the assessment has been completed, and appeal is pending before CIT(A).