Indus Towers Limited has announced the incorporation of a step-down wholly owned subsidiary in the United Arab Emirates (UAE), named "Indus Towers Management FZE". This new entity was incorporated on December 19, 2025, by Indus Towers FZE, which is itself a wholly owned subsidiary of Indus Towers Limited. The primary objective of Indus Towers Management FZE is to consider investments in African markets, with initial focus on Nigeria, Uganda, and Zambia. The entity is a related party to Indus Towers Limited as it is a step-down wholly owned subsidiary. The initial share capital will be contributed in cash at face value. Indus Towers FZE will hold 100% of the shares in Indus Towers Management FZE. The new subsidiary was incorporated in the Dubai World Trade Centre. It has yet to commence its business operations. The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.