Indus Towers Ltd

AGM Details

• Date and time: 19 Aug 2026, 02:30 PM IST; mode: VC/OAVM.
• Record date: 12 Aug 2026.

Key Resolutions

• Resolution 1: Adoption of standalone and consolidated financial statements; passed.
• Resolution 2: Dividend on equity shares for FY2026; passed.
• Resolution 3: Re-appointment of Soumen Ray; passed with 13.56% dissent.
• Resolution 4: Re-appointment of Rajan Bharti Mittal; passed with 16.23% dissent.
• Resolution 5: Approval of Material RPT with Bharti Airtel Limited; passed.

Director Changes

• Soumen Ray re-appointed as Director liable to retire by rotation.
• Rajan Bharti Mittal re-appointed as Director liable to retire by rotation.

Material Related Party Transactions

• Counterparty Bharti Airtel Limited; Nature: Related party; Value not disclosed.

AGM details

• Date/time: 19 Aug 2026, 2:30 PM IST; mode: VC/OAVM.
• Quorum: 147 members attended; meeting conducted via video.
• Live webcast and e-voting facilities provided for members.

Key resolutions

• Ordinary: adopt standalone and consolidated financial statements for FY ended Mar 31, 2026.
• Ordinary: declare dividend on equity shares for FY 2025-26.
• Ordinary: re-appoint Soumen Ray as director liable to retire by rotation.
• Ordinary: re-appoint Rajan Bharti Mittal as director liable to retire by rotation.
• Special: approve material related party transactions with Bharti Airtel Limited.

Voting results

• Results to be communicated after Consolidated Scrutinizer’s Report; not disclosed at AGM.

Dividend

• Dividend proposal noted; per-share amount not disclosed in proceedings.

Director changes

• Re-appointments of Soumen Ray and Rajan Bharti Mittal as directors.

Auditors

• Statutory auditors attended; no changes announced at the AGM brief.

Material related party transactions

• Approval sought for related party transactions with Bharti Airtel Limited.

Other material approvals

• No ESOPs or charter amendments disclosed in brief proceedings.

Meeting Details

• Date/time: Aug 17, 2026, 10:00 AM–05:00 PM IST
• Type and mode: in-person, group meeting
• Event: Motilal Oswal Annual Global Investor Conference 2026
• Participants: Company officials (management) to attend
• Purpose: investor conference for analyst/institutional investor interaction

Resolution summary and outcome

• Ordinary Resolution: appoint Mr. Randeep Singh Sekhon as Director liable to retire by rotation.
• Term: Additional Director from 01 May 2026; approved as Director liable to rotation.
• Voting outcome: Assent 82.5186%; Dissent 17.4814%; passed by requisite majority.
• Profile: CTO of Airtel India/South Asia; ex-CEO of Hutchison Tri Indonesia; independence status not disclosed.

Meeting Details

• Date: July 28, 2026; Earnings call (group, virtual) for Q1 ended June 30, 2026.
• Organizer: Indus Towers Limited.

Purpose

• Discuss Q1 earnings for quarter ended June 30, 2026.

Additional Notes

• Audio recording of the Q1 earnings call is available.

Key Highlights

• Q1 ended June 30, 2026: Revenue Rs 84,311 mn, EBITDA Rs 45,246 mn, PAT Rs 17,490 mn.
• AFFO Rs 29,874 mn; OFCF Rs 17,813 mn.
• Capex Rs 17,188 mn; Maintenance Capex Rs 5,127 mn.
• Net debt with lease liabilities Rs 141,522 mn; net debt without lease liabilities Rs (64,038) mn.
• Promoter stake 51.26% as of Jun 30, 2026.
• Board changes: resignations of Gopal Vittal and Jagdish Saxena Deepak; Randeep Sekhon appointed Non-Executive Director (subject to approvals).
• CFO transition: Vikas Poddar resign; Abhishek Maheshwari appointed CFO, effective Aug 19, 2026.
• New Gujarat IFSC subsidiary formed Apr 28, 2026 for overseas holdings and treasury; awaiting regulatory approvals.
• Tower/Co-location base: Macro towers 267,611; Co-locations 432,250; Lean co-locations 14,024; Avg sharing factor 1.62.
• Solar sites: 46,048; Low-diesel sites: 71,285; ongoing energy efficiency initiatives.

Financial Highlights

• Consolidated revenue for Q1 ended June 30, 2026 was Rs 8,431 Crores, up 4.6% YoY.
• Consolidated EBITDA for the quarter was Rs 4,521 Crores, up 3.0% YoY.
• Consolidated Profit after Tax was Rs 1,746 Crores, up 0.5% YoY.
• Return on Equity (pre-tax) declined to 25.4% YoY.
• ROE (post-tax) declined to 18.9% YoY.

Operational & Growth Metrics

• Tower base at 267,611, up 6.3% YoY.
• Co-location base at 432,250, up 5.1% YoY.
• EBITDA margin reported at 53.6%.

Expansion & Outlook

• Licenses secured across all three Africa target markets; rollouts expected in 2026.
• Investments in digital transformation, AI-led capabilities, and energy management bolster agility.
• On-track to commence rollouts in 2026.