Indus Towers' Board has opted to conserve cash in the short term.

This decision, following a committee's review, considers the evolving industry landscape, customer stability, elevated capital expenditure for the company, and inorganic growth opportunities. **Issue:** Short-term cash conservation, implying a potential halt or reduction in distributions (like dividends) to shareholders. **Impact:** Shareholders may not receive distributions in the immediate future. **Company Response/Mitigation:** The Board will closely monitor the situation and plans to reassess this decision by the end of the financial year.

It remains committed to creating shareholder value and aims for the earliest possible reinstatement of distributions.