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.

Sterlite technologies has issued an addendum to its Extraordinary General Meeting (EGM) notice scheduled for March 04, 2026, following requests from stock exchanges for additional information regarding a preferential issue of convertible warrants.

EGM Details and Background

The EGM is scheduled to be held on Wednesday, March 04, 2026 at 10:30 A.M. (IST) through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The original EGM notice was dispatched to members on February 09, 2026, covering the proposed issuance of warrants convertible into equity shares to Twin Star Overseas Limited, the company's promoter, on a preferential basis.

Stock Exchange Requirements

Pursuant to applications filed for obtaining in-principle approval from BSE Limited and the National Stock Exchange of India Limited under Regulation 28(1) of the SEBI Listing Regulations, the stock exchanges requested the company to provide certain clarifications and additional information regarding the preferential issue through an addendum to the EGM notice.

Key Updates in Addendum

The addendum covers two primary updates as requested by the stock exchanges:

Revised Valuation Report

The company has obtained a revised valuation report dated February 25, 2026, covering calculation of fair value per share under all three approaches:

• Asset Approach
• Income Approach
• Market Approach

The revised valuation report was issued by Mr. Aditya Chokhra, independent registered valuer (Registration No. – IBBI/RV/06/2020/12719). Importantly, there is no change in the floor price of Rs. 108.15 per warrant and issue price of Rs. 110.00 per warrant, which have been arrived at in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Revised Compliance Certificate

The company has obtained a revised certificate by practicing company secretary dated February 07, 2026, to align with the format prescribed by stock exchanges. The certificate includes confirmation that:

• Pre-preferential holding of the allottee is in dematerialized mode
• The proposed issue complies with the provisions of the company's Memorandum of Association
• The certificate format aligns with stock exchange specifications

The revised certificate was issued by Ms. Ashwini Inamdar, Practicing Company Secretary (FCS: 9409) and Partner of M/s. Mehta & Mehta, Company Secretaries (Firm Registration No. - P1996MH007500 and Peer review No. 3686/2023).

Document Availability and Integration

Both the revised valuation report and the practicing company secretary certificate are available on the company's website. The addendum is being sent through electronic mode to members whose email addresses are registered with the company, registrar and transfer agent, or depositories.

This addendum forms an integral part of the original EGM notice and should be read in conjunction with it. All other contents of the original notice remain unchanged. The addendum is also available on the website of Kfin Technologies Limited, the company's registrar and transfer agent.