STL Networks Ltd

STL Networks Ltd has announced that its Board of Directors will convene on Tuesday, July 28, 2026. The primary agenda item for this meeting is to consider and approve the Unaudited Financial Results, both standalone and consolidated, for the first quarter ended June 30, 2026. This announcement is made in compliance with SEBI Listing Regulations.

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.

STL Networks Ltd announced the appointment of Col Girish Nandan Juneja as Chief Operating Officer (COO) and Senior Management Personnel, effective July 2, 2026. The decision was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. Col Juneja brings over 30 years of experience in corporate and military sectors, with expertise in EPC, O&M, and large-scale infrastructure operations. His background includes leadership roles at Freyr Energy, Reliance Jio Infocom, and a 25-year tenure with the Indian Army. This appointment is intended to leverage his strategic mindset and operational scaling capabilities to drive the company's growth and vision.

STL Networks Ltd has announced the closure of its trading window for dealing in the company's equity shares. This closure is effective from July 1, 2026, and will remain in effect until 48 hours after the declaration of the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. Designated Persons and their immediate relatives are prohibited from trading in the company's shares during this period. The date for the Board meeting to approve these financial results will be communicated separately.

STL Networks Ltd announced the allotment of 4,50,00,000 warrants to its promoter, Twin Star Overseas Limited, on a preferential basis. The total value of this allotment is ₹108 crore, with each warrant issued at ₹24. These warrants are convertible into one equity share of face value ₹2 at a premium of ₹22 per share. The allotment is part of a private placement and has received necessary board and shareholder approvals, along with in-principle approvals from BSE and NSE. The warrants can be exercised within 18 months from the allotment date. This move is expected to strengthen the promoter's stake and potentially increase the company's equity base upon conversion.

STL Networks Ltd announced the appointment of Mr. Chandrasekhara Rao Battula as an Additional Director and Interim Chief Executive Officer, designated as Whole Time Director and Key Managerial Personnel. This appointment is effective from June 11, 2026, for a term of one year. Mr. Battula brings over 23 years of experience in telecommunications, government, public sector, healthcare, and defence. He is currently leading the System Integration business and sales for Invenia. The company also confirmed that the reconstitution of its Board Committees, decided in the June 10, 2026 Board Meeting, is effective from June 11, 2026. Mr. Battula is not related to any existing directors or KMPs and is not debarred from holding a director's office.

STL Networks Ltd announced a significant management change following the resignation of Mr. Pankaj Malik as Whole Time Director, effective June 10, 2026. Mr. Malik will serve a three-month transition period. Concurrently, the Board approved the appointment of Mr. Chandrasekhara Rao Battula as an Additional Director and Interim Chief Executive Officer, designated as Whole Time Director and Key Managerial Personnel for a term of one year, subject to member approval. The company also reconstituted its Stakeholders’ Relationship Committee, Risk Management Committee, Sustainability and Corporate Social Responsibility Committee, and Authorization and Allotment Committee to include Mr. Battula.

STL Networks Ltd announced the resignation of Whole-Time Director Mr. Pankaj Malik, effective June 10, 2026. He will serve a three-month transition period. The Board also approved the appointment of Mr. Chandrasekhara Rao Battula as Additional Director and Interim CEO (Whole Time Director) for a term of one year, subject to member approval. The company also reconstituted its Stakeholders’ Relationship Committee, Risk Management Committee, Sustainability and Corporate Social Responsibility Committee, and Authorization and Allotment Committee.

STL Networks Ltd announced the resignation of Mr. Pankaj Malik as Whole-Time Director, effective June 10, 2026. He will continue to serve for a three-month transition period. Concurrently, the board approved the appointment of Mr. Chandrasekhara Rao Battula as Additional Director and Interim Chief Executive Officer, designated as Whole Time Director and Key Managerial Personnel. The company also reconstituted its Stakeholders’ Relationship Committee, Risk Management Committee, Sustainability and Corporate Social Responsibility Committee, and Authorization and Allotment Committee following these changes.

STL Networks Ltd announced the resignation of its Whole-Time Director, Mr. Pankaj Malik, effective June 10, 2026. Mr. Malik will continue to serve for a three-month transition period. Concurrently, the board approved the appointment of Mr. Chandrasekhara Rao Battula as an Additional Director and Interim Chief Executive Officer (Whole Time Director and KMP) for a term of one year, subject to member approval. The company also reconstituted several board committees to reflect these changes.