Indus Towers Limited , a leading telecom infrastructure provider, has received a significant boost to its creditworthiness as ICRA Limited upgraded its credit rating to the highest possible grade. This upgrade reflects the company's robust financial health and positive outlook in the telecom infrastructure sector.

Credit Rating Upgrade Details

ICRA Limited, a prominent credit rating agency, has upgraded Indus Towers' credit rating across multiple debt instruments. The upgrade is as follows:

The upgrade to 'AAA' with a stable outlook from the previous 'AA+' with a positive outlook signifies the highest degree of safety regarding timely servicing of financial obligations. This rating indicates that the company carries the lowest credit risk, which is a strong positive signal for investors and stakeholders.

Additional Rating Actions

• Commercial Papers: ICRA has reaffirmed the A1+ rating for Indus Towers' commercial papers, which is the highest rating for short-term instruments.
• Non-Convertible Debentures (Rs. 375.00 crore): ICRA has withdrawn the rating for this instrument following its complete redemption by the company.

Implications of the Rating Upgrade

The upgrade to AAA rating has several positive implications for Indus Towers:

1. Lower Borrowing Costs: The company may benefit from reduced interest rates on future debt, potentially lowering its overall cost of capital.
2. Enhanced Financial Flexibility: The top-tier rating could provide easier access to capital markets and a wider range of financing options.
3. Investor Confidence: The upgrade reflects ICRA's confidence in Indus Towers' financial strength, which could positively influence investor perception.

This rating action by ICRA underscores Indus Towers' strong market position in the telecom infrastructure sector and its ability to maintain a robust financial profile. As the telecom industry continues to evolve with the rollout of 5G services and increased data consumption, Indus Towers appears well-positioned to capitalize on growth opportunities while maintaining financial stability.

Investors and stakeholders in Indus Towers can view this rating upgrade as a positive indicator of the company's financial health and its capacity to meet financial commitments, even in challenging market conditions.

Indus Towers Limited , a leading telecom infrastructure provider, has announced that its shareholders have approved the re-appointment of Mr. Sharad Bhansali as an Independent Director for a second term. The decision was made through a postal ballot, with the results revealing strong support for Mr. Bhansali's continued role on the company's board.

Key Details of the Re-appointment

• Term: Mr. Bhansali has been re-appointed for a second term of five consecutive years, effective from November 19, 2025, to November 18, 2030.
• Resolution Type: The re-appointment was passed as a Special Resolution, requiring a higher threshold of shareholder approval.
• Voting Results: The resolution received overwhelming support from shareholders, with 95.74% of the votes cast in favor of the re-appointment.

Voting Breakdown

The postal ballot, conducted through e-voting, saw participation from various shareholder categories. Here's a detailed breakdown of the voting results:

About Sharad Bhansali

Mr. Sharad Bhansali brings a wealth of experience and expertise to Indus Towers' board:

• Educational Background: Law graduate from Delhi University, M.A. in Economics from Boston University, USA, and MBA in Finance & Marketing from Delhi University.
• Current Role: Managing Partner of APJ-SLG Law Offices (ASL), a leading international corporate and commercial law firm.
• Specialization: WTO and trade law, anti-dumping and anti-subsidy investigations, infrastructure, real estate, banking, finance, and foreign direct investment practices.
• Notable Experience:
  • Represented the Government of India before the WTO Dispute Settlement Body, USITC, and European Commission.
  • Advised foreign governments as a UN expert on trade remedies and international trade.
  • Former member of the Indian Revenue Service, serving as Director in Anti-dumping and Trade Policy Divisions of the Ministry of Commerce.

Implications for Indus Towers

The strong shareholder support for Mr. Bhansali's re-appointment suggests confidence in his contributions to Indus Towers' governance. His extensive experience in international trade law and corporate matters is likely to be valuable as the company navigates the complex telecom infrastructure landscape.

The re-appointment also ensures continuity in the board's composition, which may be beneficial for the company's long-term strategic planning and corporate governance practices.

As Indus Towers continues to play a crucial role in India's telecom infrastructure, the expertise of board members like Mr. Bhansali may be instrumental in guiding the company through regulatory challenges and market dynamics in the coming years.