STL Networks Limited has completed the allotment of 40,341 equity shares under its Employee Stock Option Scheme 2025 (SNL ESOS 2025) on February 27, 2026. The Authorization and Allotment Committee approved this allotment following the exercise of stock options by eligible employees.

Share Allotment Details

The company has provided comprehensive details regarding the recent share allotment under its employee stock option scheme:

Post-Allotment Share Capital Structure

Following this allotment, STL Networks' share capital structure has been updated:

Employee Stock Option Scheme Framework

The SNL ESOS 2025 is designed to reward eligible employees of the company and its subsidiary companies for their performance while encouraging continued contribution towards growth and profitability. Each stock option granted under the scheme entitles the holder to convert it into one equity share of the company.

Key features of the scheme include:

• Options granted at face value of ₹2 per share
• Each option convertible into one fully paid equity share
• Employees gain right to exercise vested options within the exercise period
• Benefits linked to employee contribution in creating shareholder value

Regulatory Compliance and Listing

The allotment has been made in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has filed the necessary disclosures with both BSE Limited and National Stock Exchange of India Limited on October 28, 2025, with filing numbers BSE – 250146 and NSE – 51607.

The newly allotted shares are identical in all respects to existing shares and do not carry any lock-in restrictions. The company has confirmed that the diluted earnings per share remain unaffected as the quantity of shares allotted is negligible relative to the total share base.

STL Networks Limited has received a demand order of Rs. 6.06 crores from the Joint Commissioner CGST & CX, Haldia Commissionerate, as disclosed to the stock exchanges on February 26, 2026. The company has informed BSE and NSE about this development under Regulation 30 of the SEBI Listing Regulations.

Demand Order Details

The CGST demand order pertains to the financial year 2019-20 and has been issued based on discrepancies identified by the tax authorities. The order confirms a demand of Rs. 6.06 crores arising from differences in taxable turnover and GST appearing in GSTR-7 (GST TDS certificate) compared to corresponding values disclosed in GSTR-3B.

Company's Response and Assessment

STL Networks Limited has assessed that the demand is not maintainable and is currently evaluating all available options, including filing an appeal against the order. The company has stated that it does not envisage any relevant impact on its financials, operations, or other activities based on its assessment of the demand order.

Background and Context

The demand notice was originally issued in the name of Sterlite Technologies Limited. However, the case details mentioned in the order pertain to the Global Services Business vertical of Sterlite Technologies Limited, which was demerged into STL Networks Limited with effect from the close of business hours on March 31, 2025.

Regulatory Compliance

The disclosure was made by Company Secretary and Compliance Officer Meenal Bansal under Regulation 30 of the SEBI Listing Regulations. The company has fulfilled its obligation to inform the stock exchanges about this material development that could potentially impact investor interests.