Ankit Agarwal has confirmed to the National Stock Exchange of India Limited and BSE Limited that he has not created any encumbrance, directly or indirectly, on his shareholding in Sterlite Technologies Limited during the financial year 2025-26. The disclosure, dated April 1, 2026, was submitted in compliance with regulatory requirements regarding substantial acquisition of shares and takeovers.

The confirmation was provided pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires disclosures regarding any encumbrance created by a substantial acquirer on their shareholding in the target company.

In his communication addressed to the exchanges and the Audit Committee of Sterlite Technologies Limited, Agarwal stated that no new encumbrances have been made other than those already disclosed during the financial year 2025-26, if any. The confirmation serves to update the regulatory records regarding the status of his shareholding.

The disclosure was signed and submitted from Mumbai on April 1, 2026. The document was also copied to the Audit Committee of Sterlite Technologies Limited, located in Pune, Maharashtra, for their records and necessary action.

A subsidiary of Sterlite Technologies 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 over its tenure is estimated at approximately USD 1.11 billion, or ₹10,000 Cr, based on prevailing selling prices. This strategic agreement covers the supply of optical connectivity products as per customer specifications for AI Data Centre build-outs.

Contract Details

The order has been awarded by an international entity. The agreement includes the allocation of optical connectivity products to be supplied in each Financial Year starting from FY27 to FY29. Purchase orders will be released periodically during the contract period. The deal establishes a reciprocal risk-sharing framework by defining mutual, capped financial liabilities for both parties in the event of demand shortfalls or supply capacity shortages.

Execution Timeline

The multi-year contract is scheduled to be executed up to March 2029. The company confirmed that the promoter, promoter group, or group companies do not have any interest in the entity that awarded the order. Furthermore, the transaction does not fall within related party transactions.

Key Contract Particulars

The following table summarises the key details of the awarded contract:

Strategic Context

Sterlite Technologies Limited (STL) provides connectivity solutions for optical fibers, cables, and data centre networks. The company recently launched the STL Neuralis AI Data Center Portfolio, which includes AI Whitespace solutions utilizing ultra-high-density fiber cables and High-Speed Data Center Interconnect (DCI) Celesta IBR cable series. The company stated that its optical solutions will support building AI data center infrastructure in the US for the hyperscaler.