STL Networks Limited's Board of Directors held a crucial meeting on March 26, 2026, approving a comprehensive Notice of Postal Ballot that addresses multiple strategic corporate initiatives. The meeting, conducted in compliance with SEBI Listing Regulations, focused on significant transactions and corporate restructuring measures that require shareholder approval.

Key Board Resolutions

The board meeting resulted in approval of five major items for postal ballot consideration:

Related Party Transactions

The board approved two significant material related party transactions involving fellow subsidiaries within the corporate group. These transactions with Sterlite Technologies Limited and Sterlite Tech Cables Solutions Limited represent strategic business arrangements that require shareholder consent due to their material nature under regulatory provisions.

Financial and Operational Powers

The postal ballot will seek shareholder approval for enhanced borrowing capabilities under section 180(1)(c) of the Companies Act, 2013. Complementing this, the board also approved the creation of charges on both present and future movable and immovable properties of the company to secure these borrowings under section 180(1)(a).

Additionally, the company seeks authorization to invest funds exceeding the statutory limits prescribed under section 186 of the Companies Act, 2013, providing greater financial flexibility for strategic investments.

Meeting Details and Next Steps

The Notice of Postal Ballot will be circulated to all company members within the prescribed timelines as mandated by applicable legal provisions. The complete documentation will be made available on the company's website at inveniatech.com for member reference and transparency.

Company Secretary and Compliance Officer Meenal Bansal communicated these developments to both BSE Limited and National Stock Exchange of India Limited, ensuring full regulatory compliance under SEBI Listing Regulations.

STL Networks Limited has completed the allotment of 45,198 equity shares under its Employee Stock Option Scheme 2025, marking another milestone in the company's employee incentive program. The Authorization and Allotment Committee approved this allotment on March 23, 2026, pursuant to the exercise of stock options by eligible employees.

Share Allotment Details

The allotment comprises 45,198 equity shares with a face value of ₹2.00 each, issued under the STL Networks Limited – Employee Stock Option Scheme 2025 (SNL ESOS 2025). The exercise of these options generated ₹90,396 for the company, with each share priced at the face value of ₹2.00.

Post-Allotment Capital Structure

Following this allotment, STL Networks' capital structure has been updated to reflect the new equity base. The company's total issued share capital now stands at ₹97,60,63,008, representing 48,80,31,504 total issued shares.

ESOS 2025 Scheme Framework

The SNL ESOS 2025 is structured to reward eligible employees of the company and its subsidiary companies for their performance while encouraging continued contribution toward growth and profitability. Key features of the scheme include:

• Each stock option converts into one fully paid equity share of ₹2.00 face value
• Options are granted at face value pricing
• Eligible employees gain the right to exercise vested options within the specified exercise period
• Benefits are tied to employee contributions in creating shareholder value

Regulatory Compliance

The allotment has been conducted in full compliance with SEBI regulations. The company filed the required disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The newly issued shares are identical in all respects to existing equity shares and carry no lock-in restrictions. STL Networks' shares are listed on both BSE Limited and National Stock Exchange of India Limited, with the company maintaining its registered office at 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra-411001.