Sterlite Technologies successfully concluded its Extraordinary General Meeting (EGM) on March 04, 2026, with shareholders approving both resolutions with overwhelming majority support. The company declared voting results under Regulation 30 and 44 of SEBI Listing Regulations.

EGM Proceedings and Outcomes

The EGM was conducted on Wednesday, March 04, 2026 at 10:30 A.M. (IST) through Video Conferencing (VC) and Other Audio Visual Means (OAVM), concluding at 11:06 A.M. The meeting addressed two critical resolutions that had been outlined in the original EGM notice dispatched on February 09, 2026.

Voting Results and Shareholder Participation

The voting process combined remote e-voting (February 27 to March 3, 2026) and e-voting during the EGM. A total of 301 members participated, representing 28,87,74,316 shares.

Resolution 1: Articles of Association Amendment

Resolution 2: Preferential Warrant Issue

The approval for issuance of warrants convertible into equity shares to Twin Star Overseas Limited received strong support:

Scrutinizer's Report and Compliance

CS B. Narasimhan of BN & Associates served as the appointed scrutinizer, confirming the voting process's fairness and transparency. The scrutinizer was appointed by the Board of Directors on February 7, 2026, and submitted the final report on March 04, 2026.

Warrant Issue Specifications

The approved preferential issue maintains the pricing structure outlined in the original EGM notice:

The resolutions were passed with requisite majority as per the Companies Act, 2013 and SEBI Listing Regulations. The voting results and scrutinizer's report have been made available on the company's website ( www.stl.tech ), stock exchange websites, and KFin Technologies Limited's platform.

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.