Indus Towers Limited has completed the electronic dispatch of the Notice of Postal Ballot and e-voting to eligible members as of Monday, June 29, 2026. The notice seeks shareholder consent for the appointment of Mr. Randeep Singh Sekhon as a Director, liable to retire by rotation. This resolution aims to regularize the position of Sekhon, who was appointed as an Additional Director in the category of Non-Executive Non-Independent Director effective May 01, 2026. The outcome of this vote will determine his tenure on the board.

The e-voting facility is available to members whose names appear in the Register of Members or Beneficial Owners as on the cut-off date of Friday, June 26, 2026. The remote e-voting period commences on Tuesday, June 30, 2026, at 09:00 a.m. (IST) and concludes on Wednesday, July 29, 2026, at 05:00 p.m. (IST). KFin Technologies Limited has been engaged to provide the e-voting infrastructure, and the module will be disabled after the closing time.

Appointment Details

The Board of Directors recommended the appointment of Sekhon following a proposal received from a member under Section 160 of the Companies Act, 2013. The company stated that Sekhon is not disqualified from being appointed as a Director under Section 164 of the Act, nor is he debarred by any SEBI order. His appointment is subject to the approval of shareholders through the ordinary resolution.

Director Profile

Randeep Singh Sekhon brings over 28 years of professional experience to the role. He currently serves as the Chief Technology Officer for Airtel India and South Asia. Previously, he was the CEO of Hutchison Tri Indonesia. Sekhon holds a Bachelor of Engineering degree with a specialization in Electronics from Guru Nanak Dev Engineering College, Ludhiana. His expertise includes strategic leadership, governance, and technology innovation.

Key Dates and Process

The results of the postal ballot will be announced on or before Friday, July 31, 2026. Mr. Harish Chawla, or in his absence Mr. Abhishek Lamba of M/s CL & Associates, has been appointed as the Scrutinizer to oversee the voting process. The notice and explanatory statement are available on the company's website.

Indus Towers witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 1,035,420 shares changing hands in a single transaction. The trade was executed at a price of ₹413.45 per share, aggregating to a total deal value of ₹42.81 crores.

Block Trade Details

The following table summarises the key parameters of the block trade recorded on the NSE:

Block trades of this scale are typically executed by institutional investors or large market participants, and are carried out outside the regular order book to minimise market impact. The transaction in Indus Towers reflects considerable interest from large-scale investors in the company's stock.