TCM Ltd Signs Almost 9-Year Lease Agreement, Leases Commercial Property to Indus Towers

Kochi, 15 April 2025 – TCM Ltd, a leading commercial property developer, has signed a long-term lease agreement to offer high-end commercial space to Indus Towers, one of India's top telecom infrastructure players. The 8 years and 11 months lease is a strategic move into TCM Ltd's commercial real estate portfolio and complements Indus Towers' growing business in the region.

Highlights:
Lease Terms and Duration
The lease is for 8 years and 11 months, giving Indus Towers long-term stability and security for its operations. Such a duration reflects both parties' faith in the partnership and the strategic importance of the property.

Tenant Profile – Indus Towers:
Indus Towers is India's leading telephony player with an ownership stake and operation in one of the biggest mobile tower lists globally. Its new commercial buildings will advance its operational ramp-ups and its push for wider networking.

Strategic Value to TCM Ltd:
Through placing a high-profile client on leasehold for an extended period of time, TCM Ltd's leadership in commercial real estate holdings strengthens, thus commanding regular revenue for rentals alongside heightened asset efficiency.

Supporting India's Digital Growth:
The leased space will be important for Indus Towers as it builds infrastructure to keep pace with booming demand for mobile connectivity and data services, especially during India's 5G rollout and expanding digital economy.

Leadership Insights:
A TCM Ltd spokesperson said,
"This lease agreement not only provides stable revenue for TCM but also reflects our commitment to enable India's digital growth through world-class infrastructure partnerships."

Outlook:
The almost nine-year lease arrangement will be mutually advantageous, with TCM Ltd to guarantee asset utilization and Indus Towers to attain a stable foundation for expansion in a prime market.

Source: Company statement and stock exchange filing, April 15, 2025.