Bharti Hexacom Limited — Important, 09-04-2025: Updates

Bharti Hexacom Limited has received overwhelming approval from public shareholders for the sale of its Passive Infrastructure Business, involving mobile communication towers, to Indus Towers Limited. The proposal, which garnered 99.99% support, was initially approved on March 16, 2025. However, following a request from Telecommunications Consultants India Limited (TCIL) to initiate a new process that aligns with their requirements as a public sector unit, the management has decided to pause the current proposal. This step reflects the company's commitment to corporate governance and transparency. The management remains confident in the transaction's merits and will update stakeholders on any developments.