Anil Agarwal has confirmed to the stock exchanges that he has not created any encumbrance, directly or indirectly, on his shareholding in STL Networks Limited during the financial year 2025-26. The disclosure, addressed to the National Stock Exchange of India Limited and BSE Limited, confirms that no new charges have been placed against his shares other than those already disclosed.

Regulatory Disclosure

The confirmation was submitted pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires shareholders to disclose any encumbrance created on their holdings. Agarwal stated that the declaration covers the period of the financial year 2025-26.

Submission Details

The communication was sent from London on April 05, 2026, and was also copied to the Audit Committee of STL Networks Limited. The letter requested the exchanges to take the confirmation on record.

STL Networks Limited has appointed Mr. Chandrasekhara Rao Battula as an Additional Director and Interim Chief Executive Officer designated as Whole Time Director and Key Managerial Personnel. The appointment is for a term of 1 year effective from the date of allotment of his Director Identification Number, subject to shareholder approval. This decision follows the resignation of Mr. Pankaj Malik as Whole Time Director and Chief Executive Officer effective the close of business hours on June 10, 2026.

Mr. Malik will continue to serve as Chief Executive Officer for a transition period of three months ending September 10, 2026, to ensure business continuity. Consequently, he ceased to be a member of the Stakeholders’ Relationship Committee, Risk Management Committee, Sustainability and Corporate Social Responsibility Committee, and Authorization and Allotment Committee.

The Board approved the reconstitution of its committees to include Mr. Battula in place of Mr. Malik, effective from the date of allotment of DIN to Mr. Battula. The Stakeholders’ Relationship Committee now comprises Dindayal Jalan as Chairperson, along with members Kumud Madhok Srinivasan, Bangalore Jayaram Arun, and Chandrasekhara Rao Battula.

The Risk Management Committee has been reconstituted with Kumud Madhok Srinivasan as Chairperson. Members include Dindayal Jalan, Gopal Chandra Rastogi, and Chandrasekhara Rao Battula. The Sustainability and Corporate Social Responsibility Committee will be led by Kumud Madhok Srinivasan, with Ankit Agarwal, Bangalore Jayaram Arun, and Chandrasekhara Rao Battula as members.

The Authorization and Allotment Committee now includes Pravin Agarwal, Ankit Agarwal, and Chandrasekhara Rao Battula. Mr. Battula brings over 23 years of experience across telecommunications, government, public sector, healthcare, and defence sectors. He holds an MBA from Sikkim Manipal University, Mumbai, and is currently associated with Invenia, leading the System Integration business and Sales. He has previously held key positions at Ericsson India Limited, UTStarcom, Reliance Infocomm, and Sterlite Technologies Limited.