Sterlite Technologies Limited announced significant leadership appointments following a Board of Directors meeting held on April 29, 2026. The telecommunications infrastructure company approved the re-appointment of its Managing Director and named a new Chief Human Resource Officer to strengthen its executive team, as communicated to NSE and BSE through official regulatory intimation.

Leadership Continuity with Managing Director Re-appointment

The Board approved the re-appointment of Ankit Agarwal (DIN: 03344202) as Managing Director, designated as Key Managerial Personnel of the Company. The appointment covers a five-year term from October 8, 2026 to October 7, 2031, subject to approval from the company's shareholders.

Ankit Agarwal brings over 15 years of experience at STL, having served in various leadership roles including head of international sales, CEO of the Optical Networking business, and currently as Managing Director. He has been instrumental in the company's global expansion, customer-focused approach, R&D initiatives, and strategic joint ventures and acquisitions. Under his leadership, STL has strengthened its presence across India, USA, UK, Italy, China, and Brazil.

New Chief Human Resource Officer Appointment

The Board also approved the appointment of Anshu Mordia as Chief Human Resource Officer, considered as Senior Management Personnel of the Company, effective April 29, 2026.

Anshu Mordia brings nearly two decades of experience in organizational transformation, workforce strategy, and culture building across consulting, logistics, and travel industries. She joins STL from FCM Travel India, where she served as Director - People & Culture. Her career includes pivotal leadership roles at DP World, Maersk Tankers, and FedEx Express.

Professional Background and Expertise

Ankit Agarwal's professional journey includes significant experience beyond STL, having previously worked at Vedanta where he built the corporate portfolio and oversaw multiple mergers and acquisitions, including the $8.60 billion acquisition of Cairn India. He holds a Bachelor's degree from the University of Southern California and an MBA from London Business School. Agarwal is recognized as a 40 under 40 leader and is passionate about sustainability, leading STL's Net-Zero by 2030 target.

Anshu Mordia specializes in scaling global operations, leading large-scale HRIS implementations, and enhancing leadership readiness through advanced diversity and inclusion and talent management strategies. She holds an MBA from the Symbiosis Centre for Management and Human Resource Development (SCMHRD). At STL, she will lead the Human Resources department and spearhead the company's people strategy to accelerate growth and strengthen organizational capability.

Regulatory Compliance and Meeting Details

The appointments were made in accordance with Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 9.30 am and concluded at 1.41 pm on April 29, 2026. The company confirmed that Ankit Agarwal is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority.

The formal intimation was signed by Company Secretary & Compliance Officer Mrunal Asawadekar and submitted to both NSE and BSE as part of the company's disclosure obligations under the listing regulations.

Sterlite Technologies Limited has filed its quarterly compliance report confirming no deviation in the utilization of funds raised through its preferential issue of warrants for the quarter ended March 31, 2026. The company submitted this declaration to both the National Stock Exchange of India Limited and BSE Limited as part of its regulatory obligations under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statement was signed by Mrunal Asawadekar, Company Secretary & Compliance Officer, on April 29, 2026.

Fund Raising Details

The telecommunications infrastructure company raised funds through warrants convertible into equity shares on a preferential basis. The key details of the fund raising are presented below:

Fund Allocation and Utilization

The company had allocated the raised funds for two primary objects as approved by shareholders. The original allocation versus actual utilization shows systematic deployment of capital:

Compliance and Monitoring

The company confirmed that there was no deviation or variation from the objects stated in the EGM Notice for the preferential issue. CARE Ratings Limited serves as the monitoring agency for this fund raising exercise. The company's audit committee and auditors have provided no adverse comments regarding the fund utilization. The systematic utilization of funds demonstrates the company's commitment to deploying capital as per the stated objectives, with the majority of funds being used for debt servicing and corporate purposes as originally planned.