Indus Towers Limited disclosed the outcome of its postal ballot/e-voting process conducted for shareholder approval of board appointment. The company filed this disclosure with BSE Limited and National Stock Exchange of India Limited pursuant to SEBI Listing Regulations.

Voting Results and Resolution Outcome

  • Shareholders approved the appointment of Mr. Randeep Singh Sekhon (DIN: 08306391) as a Director, liable to retire by rotation through an Ordinary Resolution
  • The resolution was passed with requisite majority on July 29, 2026
  • Total votes polled: 2,40,77,49,176 shares (91.2661% of total outstanding shares)
  • Votes in favor: 1,98,68,40,214 shares (82.5186% of votes polled)
  • Votes against: 42,09,08,962 shares (17.4814% of votes polled)

Shareholder Voting Breakdown

Promoter and Promoter Group:

  • Total shares held: 1,35,22,08,904
  • 100% votes polled (1,35,22,08,904 shares)
  • 100% votes in favor

Public Institutions:

  • Total shares held: 1,18,25,55,854
  • 89.2121% votes polled (1,05,49,83,096 shares)
  • 60.1050% votes in favor (63,40,97,875 shares)
  • 39.8950% votes against (42,08,85,221 shares)

Public Non-Institutions:

  • Total shares held: 10,33,97,999
  • 0.5389% votes polled (5,57,176 shares)
  • 95.7390% votes in favor (5,33,435 shares)
  • 4.2610% votes against (23,741 shares)

Share Capital Details

  • Total paid-up Equity Share Capital: ₹26,38,16,27,570
  • Total issued share capital: 2,63,81,62,757 equity shares of face value ₹10 each
  • 50 shares in Unclaimed Suspense Account (voting rights frozen)
  • 9,60,215 equity shares held by Indus Towers Employees' Welfare Trust (voting rights not exercised)
  • 6,768 equity shares transferred to IEPF (voting rights frozen)

E-Voting Process Details

  • Cut-off date for voting eligibility: June 26, 2026
  • Total shareholders on record date: 3,42,405
  • E-voting period: June 30, 2026 (9:00 AM IST) to July 29, 2026 (5:00 PM IST)
  • Scrutinizer: Harish Chawla, Partner of CL & Associates, Company Secretaries
  • Voting conducted through KFin Technologies Limited's e-voting platform
  • Notice dispatched electronically on June 29, 2026
  • Advertisement published in Mint (English) and Hindustan (Hindi) newspapers on June 30, 2026

Director Appointment Details

Mr. Randeep Singh Sekhon (DIN: 08306391)

  • Initially appointed as Additional Director effective May 1, 2026
  • Shareholder approval received on July 29, 2026 as Director liable to retire by rotation
  • Profile: Accomplished professional with 28 years experience, currently Chief Technology Officer for Airtel India and South Asia
  • Responsibilities: Technology Strategy and Innovation, Digitization, Network operations, Rollout, Planning and quality
  • Previous role: CEO of Hutchison Tri Indonesia
  • Education: Bachelor's degree in Engineering (Electronics) from Guru Nanak Dev Engineering College, Ludhiana
  • No relationships between directors disclosed
  • Not debarred from holding director office by any SEBI order or authority

Additional Notes

  • 17 members holding 2,86,017 equity shares abstained from voting
  • 7 members voted partially in favor and partially against the resolution
  • All voting results and scrutinizer's report available on company website (www.industowers.com) and KFin Technologies e-voting portal