Sterlite Technologies disclosed that the High Court of Andhra Pradesh at Amaravati has partly allowed its writ petition concerning the Kakinada Smart City contract on August 21, 2026. The legal dispute involves the State of Andhra Pradesh and Kakinada Smart City Corporation Limited.

The case relates to the development and implementation of Smart City Solutions in Kakinada. This contract falls under the company's Global Services Business segment.

Demerger Context

Sterlite Technologies demerged its Global Services Business into STL Networks Limited effective March 31, 2025. The National Company Law Tribunal, Mumbai, approved the Scheme of Arrangement via an order dated February 14, 2025.

Consequently, any contingent gain or benefit arising from this court order pertains to STL Networks Limited rather than the parent entity.

Regulatory Disclosures

STL Networks Limited filed the requisite disclosure with the BSE Limited and National Stock Exchange of India Limited on August 20, 2026. This filing complied with SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2 / I / 3762 / 2026 dated January 30, 2026.

Sterlite Technologies made this disclosure pursuant to Regulation 30 read Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The Delhi High Court has dismissed a petition filed by the Department of Telecommunications (DoT) challenging an arbitral award in favor of Sterlite Technologies . The ruling upholds the decision to quash a demand notice of ₹8.56 crore, eliminating any financial or operational exposure for the telecommunications infrastructure provider.

Litigation Background

The dispute originated from a demand notice issued by the DoT on August 24, 2020. The regulator alleged violations of the terms of Sterlite Technologies' IP-I Registration. The company contested the demand, leading to adjudication before Justice Kailash Gambhir (Retd.), who served as the Sole Arbitrator.

On May 17, 2023, the arbitrator issued a favorable award quashing the entire demand raised by the DoT. The DoT subsequently challenged this award under Section 34 of the Arbitration and Conciliation Act, 1996, before the Hon'ble High Court of Delhi.

Court Ruling

In its recent order, the High Court dismissed the DoT's petition. By upholding the arbitral award, the court confirmed that Sterlite Technologies faces no liability regarding the ₹8.56 crore claim. The company stated in its filing that the outcome results in zero financial or operational exposure.

Regulatory Disclosure

Sterlite Technologies disclosed the development pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was also made in compliance with SEBI Circular No. HO/49/14/14(7)2025CFDPOD2/I/3762/2026 dated January 30, 2026.

The update was signed by Mrunal Asawadekar, Company Secretary, on August 15, 2026.