Sterlite Technologies Announces Demise of Interim Chief Human Resource Officer

Sterlite technologies Limited has announced the sad demise of Mr. Saumya Mondal, who served as the company's Interim Chief Human Resource Officer. The company informed both the National Stock Exchange of India Limited and BSE Limited about this unfortunate development on April 13, 2026.

Senior Management Personnel Loss

Mr. Saumya Mondal, who was considered Senior Management Personnel of the company, passed away on April 12, 2026. The company received intimation about his demise and promptly communicated this information to the stock exchanges as required under regulatory guidelines.

Regulatory Compliance Details

The disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as mandated by SEBI regulations.

Parameter	Details
Reason for Change	Demise of Mr. Saumya Mondal, Interim Chief Human Resource Officer
Date of Cessation	April 12, 2026
Position Held	Interim Chief Human Resource Officer
Management Category	Senior Management Personnel

Company Response

The management and employees of Sterlite Technologies Limited have conveyed deep sorrow and condolences to Mr. Mondal's family during this difficult time. The announcement was signed by Mrunal Asawadekar, Company Secretary & Compliance Officer, who ensured proper regulatory compliance.

Stock Exchange Communication

The company formally communicated with both major Indian stock exchanges where its shares are listed. The communication included all required details pursuant to SEBI Listing Regulations and was accompanied by detailed annexures providing comprehensive information about the personnel change.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.33%	+13.37%	+45.97%	+134.18%	+215.44%	+22.28%

Sterlite Technologies has completed the allotment of 4.53 crore warrants to Twin Star Overseas Limited on March 30, 2026, following approvals from its Authorization and Allotment Committee. The transaction represents a significant capital raising initiative through preferential allotment under SEBI regulations.

Warrant Allotment Details

The company's regulatory filing to NSE and BSE provides comprehensive details of the warrant issuance:

Parameter:	Details
Number of Warrants:	4.53 crore
Issue Price:	₹110 per warrant
Face Value:	₹2 per share
Premium:	₹108 per share
Allottee:	Twin Star Overseas Limited (Promoter)
Category:	Preferential basis private placement

Payment Structure and Exercise Terms

The warrant allotment follows a structured payment mechanism with specific exercise conditions:

Payment Component:	Amount (₹)
Paid-up Value per Warrant:	27.50 (25% of issue price)
Total Consideration Received:	124.58 crore
Balance Payment on Exercise:	82.50 per warrant (75% of issue price)
Exercise Period:	18 months from allotment date

Shareholding Impact

Upon full conversion of the warrants into equity shares, Twin Star Overseas Limited will hold a 47.75% equity stake in Sterlite Technologies on a fully diluted basis. This substantial shareholding will position the promoter entity as the dominant shareholder with significant influence over corporate governance and strategic decisions.

Regulatory Compliance

The allotment has been executed in accordance with SEBI regulations, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company received requisite in-principle approvals from both BSE Limited and NSE on March 30, 2026. The equity shares resulting from warrant conversion will be listed on both exchanges where the company's existing shares are traded.