STL Networks Ltd

STL Networks Limited's Authorisation and Allotment Committee has approved the incorporation of a wholly owned subsidiary (WOS) in India. This WOS will focus on establishing, acquiring, owning, operating, managing, and marketing data center and telecommunication infrastructure, data center solutions, and connectivity services. The subsidiary aims to enhance operational flexibility, scalability, and growth within the digital infrastructure and telecommunications sector. The incorporation is subject to approval from the Registrar of Companies (ROC) under the Companies Act, 2013. STL Networks will subscribe to 100% of the initial paid-up share capital at face value.

STL Networks Limited's Authorisation and Allotment Committee has approved the incorporation of a Wholly Owned Subsidiary (WOS) in India. This new entity will focus on establishing, acquiring, operating, and marketing data centre and telecommunication infrastructure, along with related solutions and connectivity services. The WOS aims for operational flexibility, scalability, and growth within the digital infrastructure and telecommunications sector. The incorporation will be under the Companies Act, 2013, with STL Networks subscribing to 100% of the initial paid-up share capital at face value.

Ms. Kuhu Rastogi, Marketing Head and Senior Management Personnel at STL Networks Ltd, has tendered her resignation effective October 31, 2026. She submitted her resignation on September 04, 2026, citing a desire to pursue external opportunities. The company has provided the necessary disclosures as per SEBI Listing Regulations and will host this information on its website. Ms. Rastogi expressed gratitude for her time at the company and committed to ensuring a smooth transition.

STL Networks Ltd has received a favorable update regarding pending litigations. The Hon'ble High Court of Andhra Pradesh has partly allowed a writ petition filed by Sterlite Technologies Limited (now demerged into STL Networks) concerning the Kakinada Smart City Solutions contract. The court has directed the respondents to release an approved and admitted amount of ₹5.25 Crore to the petitioner within twelve weeks. The company has been granted liberty to pursue its grievance regarding a bank guarantee of ₹3.78 Crores separately through the contract's dispute resolution mechanism. This development pertains to the Global Services Business vertical demerged into STL Networks.

STL Networks Ltd has announced a change in its senior management. Ms. Prerna Wadhwa, Head-Legal, has tendered her resignation, effective November 04, 2026. The resignation is due to personal reasons. The company has provided the necessary disclosures as per SEBI Listing Regulations and will host this information on its website. Ms. Wadhwa will ensure a smooth transition of her responsibilities during the notice period.

STL Networks Ltd announced significant updates following its Board of Directors meeting on July 28, 2026. The company approved unaudited consolidated and standalone financial results for the quarter ended June 30, 2026, along with the auditor's limited review report. Key management changes include a shift in designation for Senior Management Personnels Mr. Arun Goyal and Mr. B Lakshmiraman. The board also reviewed the utilization of funds from a preferential issue of warrants and non-convertible debentures, confirming no material deviation. Furthermore, the 5th Annual General Meeting is scheduled for September 8, 2026, with August 28, 2026, set as the cut-off date for e-voting. The re-appointment of Mr. Kiran Naik as Cost Auditor for FY27 was also approved.

STL Networks Ltd has submitted a Monitoring Agency Report from CARE Ratings Limited for the quarter ended June 30, 2026. The report pertains to the utilization of proceeds from a preferential issue of warrants aggregating to ₹108.00 crore. CARE Ratings confirms there has been no deviation from the objects of the issue. The preferential issue involved 4,50,00,000 convertible warrants, each convertible into one equity share at ₹24.00 per warrant, with an exercise period of 18 months from the allotment date of June 20, 2026. The report is submitted as per SEBI regulations.

STL Networks Ltd's Board of Directors met on July 28, 2026, to approve the unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The board also reviewed statements on the utilization of issue proceeds from preferential warrants and non-convertible debentures, confirming no deviation. Key personnel changes in senior management were noted, and the 5th Annual General Meeting is scheduled for September 8, 2026, with August 28, 2026, set as the cut-off date for e-voting. The re-appointment of the Cost Auditor for FY 2026-27 was also approved.

STL Networks Ltd announced its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The Board of Directors also approved changes in senior management designations, confirmed no deviation in the utilization of preferential issue proceeds and non-convertible debentures, and scheduled the 5th Annual General Meeting for September 8, 2026. The company fixed August 28, 2026, as the cut-off date for e-voting for the AGM. Additionally, the re-appointment of the Cost Auditor for FY27 was approved.

STL Networks Ltd announced the outcome of its Board Meeting held on July 28, 2026. The board considered and approved the unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. Additionally, changes in designation of senior management personnel, utilization of preferential issue proceeds and non-convertible debentures, and security cover details were reviewed. The company also announced the convening of its 5th Annual General Meeting on September 8, 2026, with August 28, 2026, fixed as the cut-off date for e-voting. The re-appointment of the Cost Auditor for FY 2026-27 was also approved.