STL Networks has accepted the resignation of Kuhu Rastogi from her role as Marketing Head. Rastogi, designated as Senior Management Personnel, will cease employment effective October 31, 2026.

The company disclosed the departure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rastogi tendered her resignation on September 4, 2026, citing a decision to pursue opportunities outside the organization.

Resignation Details

Rastogi’s last working day at the Gurugram-headquartered firm is set for October 31, 2026. The disclosure was signed by Meenal Bansal, Company Secretary and Compliance Officer of STL Networks Limited.

In her resignation letter addressed to Chandrasekhara Battula and Navneet Kaushik, Rastogi expressed gratitude for her tenure at Invenia. She stated her commitment to ensuring a smooth transition during the notice period.

The Andhra Pradesh High Court has partly allowed a writ petition filed by STL Networks concerning its Kakinada Smart City contract. The court directed respondents to release ₹5.25 crore within 12 weeks of receiving the order.

The ruling was issued by Justice Sri Harinath N in Writ Petition No. 39920 of 2022. The order specifies that the State of Andhra Pradesh, Kakinada Smart City Corporation Limited, and other respondents must verify and release the approved and admitted amount. The court passed no order on costs.

Litigation Details

The dispute relates to the contract for the development and implementation of Smart City Solutions in Kakinada, dated June 30, 2017. The petitioner, originally Sterlite Technologies Limited, had filed the writ against the state entities.

Pending Grievances

The court granted liberty to the petitioner to separately raise grievances regarding the encashment of a bank guarantee amounting to ₹3.78 crore. This matter is to be addressed by invoking the dispute resolution clause under the contract.

Corporate Context

The notice was issued in the name of Sterlite Technologies Limited. However, the case pertains to the Global Services Business vertical, which was demerged into STL Networks Limited effective March 31, 2025. The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

What the Numbers Show

The judicial order resolves a portion of the financial dispute by securing an immediate cash inflow of ₹5.25 crore, while leaving a separate claim of ₹3.78 crore pending through contractual dispute resolution mechanisms. This bifurcation indicates that while the primary disputed amount has been legally validated for release, ancillary security encashments remain subject to separate procedural timelines.