Sterlite Technologies Limited has announced the allotment of 24,600 equity shares under its Employee Stock Option Scheme (ESOP) on January 09, 2026. The Authorization and Allotment Committee of the Board of Directors approved this allotment during its meeting held on the same date.

ESOP Exercise Details

The allotted shares were granted to employees who exercised their stock options under the company's Employee Stock Option Schemes established in 2010 and 2016. These schemes allow eligible employees to purchase company shares at predetermined prices, serving as an employee retention and incentive mechanism.

The company confirmed that the newly allotted shares will rank pari passu with existing equity shares, meaning they carry identical rights and privileges as all other shares in terms of voting rights, dividend entitlements, and other shareholder benefits.

Share Capital Impact

The ESOP allotment has resulted in a marginal increase in the company's total share capital. The following table shows the impact on share capital:

This represents a minimal dilution of approximately 0.005% in the existing shareholding structure.

Regulatory Compliance

Sterlite Technologies has duly informed both the National Stock Exchange of India Limited (NSE) and BSE Limited about this corporate action. The company secretary and compliance officer, Mrunal Asawadekar, signed the official communication to the stock exchanges, ensuring full regulatory compliance.

The allotment reflects the company's ongoing commitment to employee participation in its growth story through equity-based compensation schemes. Such ESOP exercises are routine corporate actions that demonstrate employee confidence in the company's prospects and their willingness to invest in its shares.

Sterlite Technologies Limited has announced that CRISIL has removed the 'Watch Negative' status and reaffirmed credit ratings across its debt facilities. The development was communicated to stock exchanges on January 8, 2026, in compliance with SEBI listing regulations.

Credit Rating Details

CRISIL has reaffirmed ratings for the company's debt instruments while reducing the total bank loan facilities rated from ₹5,767 crores to ₹4,045 crores. The rating action covers multiple debt categories with specific ratings maintained across different instruments.

Rating Action Impact

The removal of 'Watch Negative' status indicates that CRISIL no longer sees immediate downward pressure on the company's credit profile. The long-term rating of AA-/Negative has been maintained for bank facilities and non-convertible debentures totaling ₹490 crores across three separate issuances.

Debt Facility Reduction

The total rated bank loan facilities have been reduced by ₹1,722 crores, from the previous ₹5,767 crores to the current ₹4,045 crores. This reduction in rated facilities represents a significant change in the company's debt structure under CRISIL's coverage.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The rating rationale and detailed analysis are available through CRISIL's official documentation for stakeholder reference.