Indus Towers Shareholders Approve Re-appointment of Sharad Bhansali as Independent Director

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:

Category	Votes in Favor	Votes Against	% in Favor
Promoter and Promoter Group	1,34,63,14,334	0	100.00%
Public - Institutions	92,25,79,850	10,08,71,945	90.14%
Public - Non-Institutions	10,06,882	25,060	97.57%
Total	2,26,99,01,066	10,08,97,005	95.74%

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.87%	-3.72%	+10.19%	+2.33%	+20.63%	+81.82%

Indus Towers , a major tower infrastructure provider, may see an increase in Bharti Airtel's stake by up to 5%. Bharti Airtel, one of India's leading telecom operators, has announced plans to potentially raise its ownership in Indus Towers over time.

Key Points of the Announcement

Bharti Airtel currently holds a 51.03% stake in Indus Towers as of the end of the September quarter.
The acquisition may occur in multiple tranches, depending on market conditions, liquidity, price considerations, and legal compliance.
The special committee of directors at Bharti Airtel has approved this potential stake increase.

Rationale Behind the Decision

Bharti Airtel stated that consolidating its stake in Indus Towers is a prudent move while maintaining cash flow requirements for business operations and dividend payments. This decision underscores the importance of tower infrastructure in the telecom sector's growth strategy.

Bharti Airtel MD's Perspective

Bharti Airtel's Managing Director has expressed the view that Indus Towers is undervalued. The MD also stated that capital investment would benefit the company, suggesting that increasing Airtel's stake in Indus Towers could be a strategic move to capitalize on this perceived undervaluation.

Market Response

The announcement has had a positive impact on Indus Towers' stock performance:

Indus Towers shares gained over 5% following the news.
The uptick is also attributed to a Supreme Court clarification on Vodafone Idea's AGR (Adjusted Gross Revenue) dues.
Analysts view potential relief to Vodafone Idea as positive for Indus Towers' dividend resumption prospects.

Industry Implications

This move by Bharti Airtel comes at a time when the telecom sector is focusing on expanding 5G networks and improving overall infrastructure. The increased stake in Indus Towers could provide Airtel with greater control over its network expansion plans and potentially lead to cost efficiencies in the long run.

As the telecom industry continues to evolve, strategic investments in infrastructure companies like Indus Towers may become increasingly important for major players looking to strengthen their market position and prepare for future technological advancements.

The telecom sector will be watching closely to see how this move by Bharti Airtel impacts the competitive landscape and whether it prompts similar strategic decisions from other industry players.