
Tax & Penalty15 Jul 2026, 10:30 pm
STL Networks Wins Favorable Tax Order, ₹6.06 Cr Demand Set Aside
AI Summary
STL Networks Ltd has received a favorable order from the Office of the Joint Commissioner CGST & CX, Haldia Commissionerate. The order, dated February 26, 2026, sets aside a demand order of ₹6.06 crores. This pertains to the Global Services Business vertical, which was demerged into STL Networks Limited from Sterlite Technologies Limited effective March 31, 2025. The company stated there is no material impact on its financials, operations, or other activities.
Key Highlights
- Favorable tax order received from CGST & CX, Haldia.
- Demand order of ₹6.06 crores has been set aside.
- No material financial or operational impact expected.
- Order relates to demerged Global Services Business vertical.
Price Impact
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