STL Networks Clarifies Use of Preferential Issue Proceeds

STL Networks Ltd clarified the utilization of proceeds from its preferential issue, as requested by stock exchanges. 25% of the issue proceeds will be used for general corporate purposes, not exceeding 25% of the issue size. Until full utilization as per the Postal Ballot Notice dated April 18, 2026, the company will invest the proceeds in permissible instruments like mutual funds and fixed deposits through scheduled commercial banks. This information is available on the company website.