STL Networks Limited has allotted 4,50,00,000 warrants to its promoter, Twin Star Overseas Limited, at a price of ₹24 each, aggregating ₹108 crore. The allotment was approved by the company's Authorisation and Allotment Committee on June 20, 2026. Each warrant is convertible into one equity share with a face value of ₹2 at a premium of ₹22 per share, exercisable within 18 months from the date of allotment.

The warrants were issued on a preferential basis by way of private placement, pursuant to resolutions passed by the board on April 18, 2026, and shareholders on May 19, 2026. The company received in-principle approvals from BSE Limited and National Stock Exchange of India Limited on June 19, 2026. The consideration received at the date of allotment amounted to ₹27,00,00,000, representing 25% of the issue price.

Allotment Details

The following table outlines the key details of the warrant allotment:

Shareholding Pattern

The preferential allotment impacts the promoter's shareholding in the company. On a fully diluted basis post-allotment, Twin Star Overseas Limited's holding increases to 47.73%.

The equity shares resulting from the conversion of these warrants will be listed on BSE Limited and National Stock Exchange of India Limited. They will rank pari passu with the existing equity shares of the company. If the warrants are not exercised within the stipulated 18-month period, they will lapse, and the amount paid will be forfeited.

Anil Agarwal has confirmed to the stock exchanges that he has not created any encumbrance, directly or indirectly, on his shareholding in STL Networks Limited during the financial year 2025-26. The disclosure, addressed to the National Stock Exchange of India Limited and BSE Limited, confirms that no new charges have been placed against his shares other than those already disclosed.

Regulatory Disclosure

The confirmation was submitted pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires shareholders to disclose any encumbrance created on their holdings. Agarwal stated that the declaration covers the period of the financial year 2025-26.

Submission Details

The communication was sent from London on April 05, 2026, and was also copied to the Audit Committee of STL Networks Limited. The letter requested the exchanges to take the confirmation on record.