Sterlite Technologies: No Deviation in Preferential Issue Proceeds

Sterlite Technologies Ltd confirmed no deviation in the use of proceeds from its preferential issue of warrants for the quarter ended March 31, 2026. The company raised ₹1,24,57,50,000 (25% of the issue price) on March 30, 2026. Funds were utilized for repayment/servicing financial facilities and general corporate purposes. CARE Ratings Limited is the monitoring agency, and both the Audit Committee and auditors confirmed no comments or issues regarding the utilization.