STL Networks Limited has successfully received a favourable order from the Office of the Joint Commissioner CGST & CX, Haldia Commissionerate, setting aside a previous tax demand. The order, dated February 26, 2026, nullifies a demand for an aggregate amount of ₹6.06 crore, providing relief to the company regarding a disputed tax liability.

The company received the intimation regarding this order on July 15, 2026. The development was disclosed to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The order number associated with this decision is ZD350226000316X.

The tax demand originally pertained to the Global Services Business vertical of Sterlite Technologies Limited. This vertical was demerged into STL Networks Limited with effect from the close of business hours on March 31, 2025. Consequently, the notice was issued in the name of Sterlite Technologies Limited, though the liabilities and proceedings now rest with the demerged entity.

STL Networks Limited clarified that the favourable order has no material impact on its financial position. The company confirmed that there is no quantifiable monetary effect on its financials, operations, or other activities as a result of this order.

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.