In a filing to the Bombay Stock Exchange, the company said that his resignation was approved by the board and his last working day is currently under consideration and will be announced along with the succession plan.
Dayal’s stint at Indus Towers spans 12 years; six years as the chief operating officer and six years as MD & CEO of lndus Towers.
N Kumar, chairman, Indus Towers said, “Mr. Dayal led this company through the tough times of the last five years wherein the company braved the consolidation in the industry, the unknown of COVID, the difficult phase of AGR issue and culminated an impeccable merger between the company and erstwhile Indus Towers Limited.”
Dayal said, “It has been a nostalgic journey with the milestones of Deming Prize, Great place to work and an impeccable merger, to count a few. What I am leaving behind is a very stable and performing company with a great talent pool. I look forward to my next engagement with enthusiasm.”
A few weeks back the company announced onboarding former Vodafone chief executive Sunil Sood as an additional director on the board.
Sood shall hold office as an additional director up till the date of the upcoming general meeting and “being eligible has been recommended to the shareholders for appointment as a director liable to retire by rotation in the ensuing General Meeting”.