STL Networks Limited has appointed Mr. Chandrasekhara Rao Battula as an Additional Director and Interim Chief Executive Officer designated as Whole Time Director and Key Managerial Personnel. The appointment is for a term of 1 year effective from the date of allotment of his Director Identification Number, subject to shareholder approval. This decision follows the resignation of Mr. Pankaj Malik as Whole Time Director and Chief Executive Officer effective the close of business hours on June 10, 2026.

Mr. Malik will continue to serve as Chief Executive Officer for a transition period of three months ending September 10, 2026, to ensure business continuity. Consequently, he ceased to be a member of the Stakeholders’ Relationship Committee, Risk Management Committee, Sustainability and Corporate Social Responsibility Committee, and Authorization and Allotment Committee.

The Board approved the reconstitution of its committees to include Mr. Battula in place of Mr. Malik, effective from the date of allotment of DIN to Mr. Battula. The Stakeholders’ Relationship Committee now comprises Dindayal Jalan as Chairperson, along with members Kumud Madhok Srinivasan, Bangalore Jayaram Arun, and Chandrasekhara Rao Battula.

The Risk Management Committee has been reconstituted with Kumud Madhok Srinivasan as Chairperson. Members include Dindayal Jalan, Gopal Chandra Rastogi, and Chandrasekhara Rao Battula. The Sustainability and Corporate Social Responsibility Committee will be led by Kumud Madhok Srinivasan, with Ankit Agarwal, Bangalore Jayaram Arun, and Chandrasekhara Rao Battula as members.

The Authorization and Allotment Committee now includes Pravin Agarwal, Ankit Agarwal, and Chandrasekhara Rao Battula. Mr. Battula brings over 23 years of experience across telecommunications, government, public sector, healthcare, and defence sectors. He holds an MBA from Sikkim Manipal University, Mumbai, and is currently associated with Invenia, leading the System Integration business and Sales. He has previously held key positions at Ericsson India Limited, UTStarcom, Reliance Infocomm, and Sterlite Technologies Limited.

Twin Star Overseas Ltd has confirmed to the stock exchanges that it has not created any encumbrance, directly or indirectly, on its shareholding in Sterlite Technologies Ltd during the financial year 2025-26. The disclosure, submitted on April 7, 2026, addresses the status of the company's holdings in the target company, Sterlite Technologies Ltd, for the specified period.

The filing was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires disclosures regarding any encumbrance on shares held by acquirers. The company stated that apart from any previously disclosed encumbrances, if any, no new charges have been created against the shareholding during FY26.

The communication was addressed to the National Stock Exchange of India Limited and BSE Limited, as well as the Audit Committee of Sterlite Technologies Ltd. Niralah Beeharry, an Authorised Signatory, signed the disclosure on behalf of Twin Star Overseas Ltd.

Key Disclosure Details

The confirmation ensures that the exchanges and the audit committee of the target company are updated on the holding status of the acquirer for the relevant financial year.