stl networks has appointed Col Girish Nandan Juneja as its Chief Operating Officer (COO), designated as Senior Management Personnel, effective July 2, 2026. The appointment was approved by the Board of Directors on the recommendation of the Nomination and Remuneration Committee. This strategic move aims to bolster the company's leadership with extensive expertise in infrastructure and operations.

The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure is also available on the company's website. The term of appointment is not specified as applicable in the regulatory filing.

Col Girish Nandan Juneja holds an M.Tech in Power Systems Engineering from IIT Kharagpur, a Master's in Management Sciences from CDM Secunderabad, and a B.Tech in Electrical Engineering from JNU New Delhi. He brings over 30 years of experience across corporate and military environments, specializing in Engineering, Procurement, and Construction (EPC), O&M, and large-scale infrastructure operations.

Prior to joining STL Networks Limited, Juneja served as the COO at Freyr Energy. His career includes senior leadership roles at Reliance Jio Infocom and a distinguished 25-year tenure with the Indian Army (Corps of Engineers). His background focuses on business building, operational scaling, and delivering complex projects with precision.

Key Appointment Details

The company stated that Juneja's strategic mindset and deep understanding of the infrastructure landscape will help drive impactful initiatives aligned with its vision. His ability to foster operational stability while identifying growth avenues is expected to support the organization's journey toward sustained success.

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.