STERLITE TECHNOLOGIES LTD.

Bandhan Mutual Fund, through its various schemes, has disposed of 18,15,000 equity shares of Sterlite Technologies Limited on June 04, 2026. This sale has resulted in a decrease of Bandhan Mutual Fund's holding in the company by over 2%, from 5.2728% to 3.0252%. The disposal was conducted via open market transactions. The total equity share capital of Sterlite Technologies Limited remains Rs. 97,63,35,270/-.

Sterlite Technologies Ltd has responded to inquiries from BSE and NSE regarding unusual trading volumes in its shares. The company confirmed it has made all necessary disclosures as per SEBI regulations and is not aware of any unpublished price-sensitive information that could explain the volume fluctuations. This clarification aims to address market concerns and maintain transparency.

Sterlite Technologies Ltd (STL) announced that its subsidiary has received a Product Award Letter (PAL) from a hyperscale partner for the multi-year supply of optical connectivity products. The total potential value of the contract is estimated at approximately USD 1.11 billion over its tenure, spanning from FY27 to FY29. The agreement includes a reciprocal risk-sharing framework with capped financial liabilities for both parties. STL will supply optical connectivity products to support AI Data Center build-outs in the US.

The Hon’ble High Court of Delhi dismissed a petition filed against Bharat Sanchar Nigam Limited (BSNL) to set aside an arbitral award dated May 9, 2023. This legal matter is related to Sterlite Technologies Ltd's (STL) Global Services Business, which has been demerged into STL Networks Limited, effective March 31, 2025. Consequently, any contingent liability now pertains to STL Networks Limited, which has made the necessary disclosures on BSE and NSE on May 12, 2026.

Sterlite Technologies Ltd announced its revised Board Meeting outcome for April 29, 2026. The Board approved the Audited Financial Results for Q4 and FY ended March 31, 2026, with an unmodified opinion from auditors. For FY26, the company reported revenues of ",4745 Cr (up 18.8% YoY) and Q4 revenues of ",441 Cr (up 14.7% QoQ). FY26 EBITDA stood at ",628 Cr with margins of ~13.2%. The Board did not recommend any dividend for FY26. Additionally, the Board approved raising funds up to ",2000 crores through various equity-linked instruments, subject to shareholder and regulatory approvals. The company also highlighted a ~110% surge in order intake over FY25 and an open order book of ",7309 Cr at the end of FY26, indicating strong revenue visibility.

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.

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.

Sterlite Technologies Ltd's Board of Directors has approved the re-appointment of Mr. Ankit Agarwal as Managing Director for a period of five consecutive years, from October 8, 2026, to October 7, 2031. This re-appointment is subject to the approval of the company's shareholders. Additionally, the Board has appointed Ms. Anshu Mordia as the Chief Human Resource Officer (CHRO), effective April 29, 2026. Mr. Ankit Agarwal is the son of Mr. Pravin Agarwal, the Vice Chairman of the Company. Both individuals bring extensive experience to their respective roles, with Mr. Agarwal having led STL's growth for over 15 years and Ms. Mordia bringing two decades of HR leadership experience from various industries.

Sterlite Technologies Ltd's Board of Directors has re-appointed Mr. Ankit Agarwal as Managing Director, designated as Key Managerial Personnel, for a period of five consecutive years from October 8, 2026, to October 7, 2031. This re-appointment is subject to shareholder approval. Additionally, the Board approved the appointment of Ms. Anshu Mordia as Chief Human Resource Officer, considered as Senior Management Personnel, effective April 29, 2026. Mr. Agarwal has been instrumental in STL's growth and global expansion over 15 years and is the son of Mr. Pravin Agarwal, Vice Chairman. Ms. Mordia brings nearly two decades of experience in organizational transformation and workforce strategy from various industries.

Sterlite Technologies Ltd (STL) reported FY26 revenue of ₹4,745 Cr, an 18.8% YoY increase, with Q4 revenue at ₹1,441 Cr. FY26 EBITDA was ₹628 Cr, achieving 13.2% margins. The company saw a 110% surge in order intake over FY25, with an open order book of ₹7,309 Cr. The Board approved raising funds up to ₹2,000 crores through various equity-linked instruments, subject to shareholder and regulatory approvals. No dividend was recommended for FY26. The statutory auditors issued an unmodified opinion on the financial results.