STL Networks Limited has successfully completed its postal ballot process, with shareholders approving all five resolutions by the requisite majority through remote e-voting. The resolutions were deemed passed on Friday, May 08, 2026, being the last date of remote e-voting. The voting window remained open from April 9, 2026 at 09:00 AM to May 8, 2026 at 05:00 PM, with April 3, 2026 as the record date. A total of 230613 shareholders were on record as of the cut-off date. KFin Technologies Limited served as the authorised e-voting service provider for the process.

Postal Ballot Process and Scrutinizer Details

The Board of Directors issued the postal ballot notice dated March 26, 2026, and the notice along with postal forms was mailed electronically to members who had registered their emails with the depositories on April 9, 2026. As permitted under applicable MCA Circulars, physical ballot was not dispatched. An advertisement was published on April 10, 2026 in Financial Express (English News Paper – All Edition) and Loksatta (Marathi Newspaper – Pune Edition) as required under Rule 22(3) of the Companies (Management and Administration) Rules, 2014.

CS Debasis Dixit of D Dixit & Associates (M.No-F-7218, CP No-7871) was appointed as Scrutinizer by the Board of Directors. The scrutinizer's report was issued on May 9, 2026 from Delhi.

Voting Results for All Five Resolutions

All five resolutions were passed with the requisite majority. The following table summarises the overall voting outcome for each resolution:

Resolution-wise Detailed Voting Breakdown

Resolution 1: Material Related Party Transactions with Sterlite Technologies Limited

This ordinary resolution sought approval for entering into material related party transactions with Sterlite Technologies Limited. The promoter and promoter group, holding 215443766 shares, did not participate in voting for this resolution as they were not eligible. Public institutional investors polled 20452781 votes out of 32992847 shares held (61.9916%), with 10140428 votes in favour (49.5797%) and 10312353 votes against (50.4203%). Public non-institutional investors polled 3627896 votes, with 3557059 in favour (98.0474%) and 70837 against (1.9526%). A total of 4814295 invalid votes were recorded from the Promoter and Promoter Group category.

Resolution 2: Material Related Party Transactions with Sterlite Tech Cables Solutions Limited

This ordinary resolution for material related party transactions with Sterlite Tech Cables Solutions Limited received strong support. Public institutional investors voted 20452781 votes entirely in favour (100%), while public non-institutional investors cast 3627823 votes with 3509242 in favour (96.7313%) and 118581 against (3.2687%). Invalid votes of 4814295 were recorded from the Promoter and Promoter Group category.

Resolutions 3 & 4: Borrowing Powers and Creation of Charges

Resolution 3 (special resolution) sought approval for the exercise of the company's borrowing powers under Section 180(1)(c) of the Companies Act, 2013. Resolution 4 (special resolution) sought approval for the creation of charges on the movable and immovable properties of the company, both present and future, in respect of borrowings under Section 180(1)(a) of the Companies Act, 2013. Both resolutions saw strong participation from the promoter and promoter group, which polled 215427666 votes out of 215443766 shares held (99.9925%), all in favour. No invalid votes were recorded for either resolution.

Resolution 5: Fund Investment under Section 186

This special resolution for investing the company's funds in excess of the limits prescribed under Section 186 of the Companies Act, 2013 was also passed. The promoter and promoter group voted 215427666 votes entirely in favour. However, public institutional investors voted predominantly against, with 20425726 votes against (99.8677%) and only 27055 in favour (0.1323%). Public non-institutional investors cast 3565784 votes, with 3479704 in favour (97.5859%) and 86080 against (2.4141%). The resolution passed with an overall 91.43% votes in favour.

Regulatory Compliance and Disclosures

The voting results along with the scrutinizer's report have been filed with BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results have also been posted on the company's website at www.inveniatech.com , on the stock exchange websites, and on the KFin Technologies Limited e-voting portal at https://evoting.kfintech.com . The communication was signed by Meenal Bansal, Company Secretary and Compliance Officer (Membership No. ACS 35091), on May 9, 2026.

STL Networks Limited has filed its audited standalone and consolidated annual financial results for the year ended March 31, 2026, in compliance with Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit was conducted by Price Waterhouse Chartered Accountants LLP (Firm Registration Number: 012754N/N500016), which issued unmodified opinions on both the standalone and consolidated financial results. The reports were signed by Partner Sachin Parekh (Membership Number: 107038) in Mumbai on May 07, 2026.

Q4 Financial Performance

STL Networks reported a mixed set of quarterly results, with revenue and operating profitability improving year-on-year even as the net loss widened significantly. The key Q4 metrics are summarised below:

While revenue grew and EBITDA improved both in absolute terms and as a margin, the consolidated net loss for Q4 widened to ₹469M from ₹210M in the corresponding period of the previous year.

Standalone Financial Results

The standalone audit covers the financial results of STL Networks for the year ended March 31, 2026, including the standalone Balance Sheet and the standalone statement of cash flows as at and for that date. Price Waterhouse Chartered Accountants LLP confirmed that the standalone financial results give a true and fair view of the net loss and other comprehensive income of the Company, in conformity with Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013. The auditors noted that the results for the quarter ended March 31, 2026 represent balancing figures between the audited full-year figures and the published unaudited year-to-date figures up to the third quarter, which were subject to limited review.

Consolidated Financial Results and Group Structure

The consolidated financial results cover STL Networks as the Holding Company, along with its subsidiaries and jointly controlled entity, for the year ended March 31, 2026. The entities included in the consolidated results are detailed below:

Price Waterhouse Chartered Accountants LLP confirmed that the consolidated financial results give a true and fair view of the net loss and other comprehensive loss of the Group and its jointly controlled entity for the year ended March 31, 2026.

Subsidiary Financials Audited by Other Auditors

Three subsidiaries included in the consolidated financial results were audited by other auditors. The key financial data for these subsidiaries, as considered in the consolidated results, is summarised below:

The jointly controlled entity reported a Group share of net loss after tax and total comprehensive loss of INR Nil for the year ended March 31, 2026. The auditors noted that the financial information of this jointly controlled entity is unaudited and is not material to the Group.

Non-Convertible Securities and Fund Utilisation

STL Networks also disclosed details pertaining to funds raised through non-convertible securities via private placement. The key details are as follows:

The company confirmed there was no deviation in the utilisation of funds raised, with the entire INR 100 crores deployed as per the stated objective.

Security Cover Statement and Auditor Reappointment

Price Waterhouse Chartered Accountants LLP also issued a report on the book values of assets included in the Statement of Security Cover as at March 31, 2026, in accordance with SEBI Circular SEBI/HO/DDHS-PoD3/P/CIR/2024/46 dated May 16, 2024. The report, signed by Partner Disha Maheshwari (Membership Number: 110159) in Pune on May 07, 2026, confirmed that the book values of the specified assets are in agreement with the underlying audited books of account and relevant records of the Company. The security cover relates to secured, listed, rated, non-cumulative, non-convertible, redeemable debentures with Axis Trustee Services Limited as the Debenture Trustee, under Debenture Trust Deeds dated December 02, 2025 and January 28, 2026. Additionally, STL Networks disclosed the re-appointment of KPMG Assurance and Consulting Services LLP as auditor with effect from April 1, 2026, for financial year 2026-27.