Sterlite Tech: Monitoring Agency Reports NIL Deviation in Preferential Issue

Sterlite Technologies Ltd received a Monitoring Agency Report from CARE Ratings Limited for the quarter ended March 31, 2026. The report pertains to the utilization of proceeds from a preferential issue aggregating to ₹498.30 crore. The issue involved 4,53,00,000 convertible warrants allotted to Twin Star Overseas Limited, a promoter, at an issue price of ₹110 per warrant. The monitoring agency confirmed "NIL Deviation" from the objects of the issue, indicating that the funds are being utilized as intended. The report was submitted as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Monitoring Agency Agreement.