Sterlite Technologies Confirms No Deviation in Preferential Issue Fund Utilization for Q4 FY26

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:

Parameter	Details
Mode of Fund Raising	Warrants convertible into Equity Shares on Preferential Basis
Date of Allotment	March 30, 2026
Amount Raised	Rs. 124.58 crores
Monitoring Agency	CARE Ratings Limited
Quarter Ended	March 31, 2026

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:

Object	Original Allocation	Funds Utilized	Status
Repayment/Servicing of Financial Facilities	Rs. 373.73 crores	Rs. 111.30 crores	No Deviation
General Corporate Purposes	Rs. 124.57 crores	Rs. 13.28 crores	No Deviation

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.15%	+1.31%	+58.38%	+139.44%	+354.38%	+24.70%

Sterlite Technologies Limited has granted stock options to eligible employees under its Employee Stock Option Scheme 2016, marking another step in the company's employee incentive program. The grant was approved during the meeting of the Nomination and Remuneration Committee of the Board held on April 28, 2026.

Stock Option Grant Details

The company has provided comprehensive details regarding the stock option grant to its employees:

Parameter:	Details
Total Options Granted:	32,151
Exercise Price:	Rs. 2.00 per option
Scheme:	Employee Stock Option Scheme 2016 (ESOP 2016)
Grant Date:	April 28, 2026
Share Conversion:	Equal number of fully paid-up equity shares

Vesting and Exercise Timeline

The stock options come with specific vesting and exercise conditions designed to align employee interests with long-term company performance:

Timeline Component:	Duration
Vesting Period:	3 years
Exercise Window:	5 years from vesting date
Total Potential Timeline:	Up to 8 years

The options will vest over a period of 3 years, providing employees with gradual access to their stock benefits. Once vested, employees will have a 5-year window to exercise their options and convert them into fully paid-up equity shares of the company.

Regulatory Compliance

Sterlite Technologies has fulfilled its regulatory obligations by informing the stock exchanges about this grant. The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in corporate actions. Company Secretary and Compliance Officer Mrunal Asawadekar signed the regulatory filing, confirming the company's adherence to applicable SEBI regulations and listing requirements.