Ankit Agarwal confirms no encumbrance on STL Networks shares in FY26

0 min read Updated on 03 Jun 2026, 04:09 AM

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Ashish TScanX News Team

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Ankit Agarwal disclosed to NSE and BSE that he has not created any encumbrance on his shares in STL Networks Limited during FY 2025-26, beyond prior disclosures. The confirmation was made under Regulation 31(4) of the SEBI (SAST) Regulations, 2011.

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Ankit Agarwal has confirmed to the stock exchanges that he has not created any encumbrance on his shareholding in STL Networks Limited during the financial year 2025-26. The disclosure, submitted to the National Stock Exchange of India Limited and BSE Limited, confirms that no charges were created directly or indirectly other than those previously disclosed.

The confirmation was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires individuals to disclose any encumbrance on their shareholding in a target company. Agarwal addressed the communication to the exchanges and the Audit Committee of STL Networks Limited.

Entity	Date
National Stock Exchange of India Limited	April 05, 2026
BSE Limited	April 05, 2026
Audit Committee, STL Networks Limited	April 05, 2026

The disclosure explicitly states that the confirmation applies to the financial year 2025-26. It excludes any encumbrances that may have already been disclosed in prior periods. The letter was signed and submitted from Mumbai on April 05, 2026.

Historical Stock Returns for STL Networks

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.76%	-2.52%	-3.03%	+26.63%	+29.66%	+29.66%

Does this clean status signal potential plans by Ankit Agarwal to increase his stake in STL Networks Limited?

How will the market interpret this confirmation regarding STL Networks' corporate governance standards?

Are there any upcoming regulatory deadlines for other major shareholders to disclose similar encumbrance statuses?

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STL Networks clarifies fund utilization for preferential issue

1 min read Updated on 30 May 2026, 02:35 PM

Reviewed by

Naman SScanX News Team

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STL Networks clarified that 25% of preferential issue proceeds are for general corporate purposes, capped at the issue size. Until utilized as per the April 18, 2026 Postal Ballot Notice, proceeds will be invested in mutual funds and fixed deposits via scheduled commercial banks.

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stl networks has clarified the allocation of proceeds from its preferential issue, confirming that 25% of the total funds raised will be utilized for general corporate purposes. This allocation is capped at 25% of the total issue size. The disclosure was made to the stock exchanges on May 29, 2026, in response to a request for clarification regarding the use of funds.

Until the complete utilization of the funds as specified in the objects of the Postal Ballot Notice dated April 18, 2026, the company will invest the proceeds in instruments permitted under applicable laws. These instruments include mutual funds and fixed deposits placed through scheduled commercial banks.

The company submitted this update pursuant to Regulation 30 of the SEBI Listing Regulations, following an earlier communication dated May 14, 2026. The information has been uploaded to the company's official website.

Fund Utilization Details

The following table outlines the key details regarding the utilization and investment of the preferential issue proceeds:

Purpose	Details
General Corporate Purpose	25% of total issue proceeds (capped at 25% of issue size)
Temporary Investment	Mutual funds and fixed deposits via scheduled commercial banks
Reference Document	Postal Ballot Notice dated April 18, 2026