Indus Towers — Non payment of Rent for IN-1009858

Address:

1-8-167 TO 179/2A, 179/B, 179/3, SAROJINI DEVI ROAD, SECUNDERBAD - 500003

Lease Agreement is effective from 28/3/2005 for 10 years with Lessor Mr. Pramod Modi. He expired on[protected]. We are his legal heirs and revised agreement has been signed with us for Airtel Towers IN-1042692, rent for which is also irregular.

However, for IDEA after initiation of lease agreement extension for 18 years till 27/03/2023, no rent has been paid since August 2019, even though the towers are being used.

We are in touch with your local office for over last 5 years but there is no resolution. Mr. Subbu Sanaka used to say that matter is at head office in Delhi and he is awaiting fresh agreement. For last several years, he is not responding. We are in touch with Ms. Padmavathi and Ms. Shruti at Hyderabad office who also say they have sent email but they are not getting any response.

We will be forced to send legal notice and terminate our agreement and further steps as advised by our legal team including Winding Up petition against your company unless all old rent dues are acknowledged and paid along with GST and the lease agreement is regularized.