Indus Towers Limited — Others, 16-12-2024: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Indus Towers Limited has announced a board meeting to discuss a favorable Income Tax Appellate Tribunal (ITAT) order, which denies depreciation claims on merged assets and resolves several disallowances. This ruling results in a substantial reduction of approximately Rs. 35,000 Mn in contingent liabilities, marking a significant positive development for the company’s financial health. This outcome could enhance investor sentiment, reflecting improved operational stability and decreased financial risk, offering a more positive outlook for stakeholders moving forward.