Sterlite technologies Limited has completed the allotment of equity shares under its Employee Stock Option Scheme (ESOP), following a decision by the Authorization and Allotment Committee of the Board of Directors on March 12, 2026.

Share Allotment Details

The company allotted 28,453 equity shares to grantees who exercised their options under the Employee Stock Option Schemes established in 2010 and 2016. The allotment was formally communicated to both the National Stock Exchange of India Limited and BSE Limited through an official notification.

Rights and Privileges

The company confirmed that the newly allotted shares will rank pari passu with existing equity shares, meaning they carry identical rights and privileges in all respects. This ensures that ESOP beneficiaries receive shares with the same voting rights, dividend entitlements, and other shareholder benefits as existing shareholders.

Corporate Governance

The allotment process was overseen by the Authorization and Allotment Committee, demonstrating the company's adherence to proper corporate governance procedures. Company Secretary and Compliance Officer Mrunal Asawadekar signed the official communication, ensuring regulatory compliance with stock exchange requirements.

The ESOP allotment represents the company's ongoing commitment to employee participation in equity ownership, providing eligible employees with opportunities to benefit from the organization's long-term performance and growth.

Sterlite Technologies Limited has successfully concluded its postal ballot process, with shareholders demonstrating strong support for the company's board composition by approving two key resolutions related to Independent Director appointments. The results, declared on March 02, 2026, reflect overwhelming shareholder confidence in the proposed leadership changes.

Postal Ballot Results Overview

The company conducted the postal ballot exclusively through remote e-voting, with participation from 715 members holding 29,74,48,170 shares out of the total 2,24,585 members holding 48,81,04,085 shares as on the cut-off date of February 23, 2026. The e-voting process was conducted from January 30, 2026, to February 28, 2026, under the supervision of scrutinizer Mr. B Narasimhan from BN & Associates.

Resolution 1: Re-appointment of Bangalore Jayaram Arun

Shareholders approved the re-appointment of Mr. Bangalore Jayaram Arun (DIN: 02497125) as an Independent Director through a Special Resolution. The voting results demonstrated strong support across all shareholder categories.

Resolution 2: Appointment of Sathia Jeeva Krishnan Chidambara

The appointment of Mr. Sathia Jeeva Krishnan Chidambara (DIN: 02179550) as an Independent Director received even stronger support, with 99.99% votes in favour.

Scrutinizer's Report and Compliance

The postal ballot process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations. Mr. B Narasimhan, Proprietor of BN & Associates and Practicing Company Secretary (Membership No. FCS 1303), was appointed as the scrutinizer for the postal ballot process.

The scrutinizer confirmed that both resolutions were passed with the requisite majority, with the results deemed effective from February 28, 2026. The votes were unblocked in the presence of witnesses Ms. Swati Jha and Mr. Aashaye Kumar, as prescribed under the Companies (Management and Administration) Rules, 2014.

Process Implementation

KFin Technologies Limited served as the Registrar and Share Transfer Agent, providing the e-voting platform with Electronic Voting Event Number 9404. The company sent postal ballot notices via email to 2,08,792 members who had registered their email addresses. For members without registered email addresses, public notices were published in Financial Express (English) and Loksatta (Marathi) newspapers on January 29, 2026.

The voting results and scrutinizer's report are available on the company's website at www.stl.tech and on KFin Technologies' e-voting portal at evoting.kfintech.com, ensuring transparency and accessibility for all stakeholders.