STL Networks Limited has successfully completed the allotment of 24,879 equity shares under its Special Purpose Employee Stock Option Scheme 2025 (SP-ESOS 2025). The Authorization and Allotment Committee approved this allotment on January 16, 2026, following the exercise of stock options by eligible employees.

Share Allotment Details

Updated Share Capital Structure

Scheme Background and Structure

The SP-ESOS 2025 was formulated pursuant to the Scheme of Arrangement between Sterlite Technologies Limited (Demerged Company) and STL Networks Limited (Resulting Company). This special purpose scheme aims to restore value by making fair adjustments to options granted under the demerged company's ESOP schemes to eligible employees.

Under this arrangement, each eligible employee receives one option under SP-ESOS 2025 for every option outstanding in the demerged company as on the effective date. The scheme adopts terms and conditions similar to the original ESOP schemes of the demerged company.

Regulatory Compliance and Listing

STL Networks has maintained full compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company filed the necessary disclosures with both BSE (scrip code: 544395) and NSE (symbol: STLNETWORK) under Regulation 30 of the SEBI Listing Regulations.

The newly allotted shares are identical in all respects to existing shares and carry no lock-in restrictions. The company confirmed that earnings per share remain unaffected as the quantity of shares allotted is negligible relative to the total share capital.

This allotment represents the practical implementation of STL Networks' employee compensation strategy, providing tangible equity participation to employees while maintaining regulatory compliance and transparent disclosure practices in the competitive IT software sector.

STL Networks Limited has informed stock exchanges about an adverse adjudicator's decision against its wholly owned UK subsidiary, Sterlite Technologies UK Ventures Limited (STUKVL), involving payment dues of £83.5 thousand.

Adjudication Details

The dispute arose from STUKVL's failure to pay dues under an Infrastructure Framework agreement with All Fiber Solutions Limited (AFSL). The agreement covered design and installation of underground and overhead fiber cabling along with associated civil engineering services.

Financial Implications

The adjudicator's decision on January 5, 2026, ruled in favor of AFSL, requiring STUKVL to pay multiple components:

The currency conversion rates are as of January 15, 2026, as stated in the company's disclosure.

Company's Assessment

STL Networks has assessed that despite the adverse ruling against its UK subsidiary, there is no material impact expected on the company's overall financial position. The company made this disclosure pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Compliance

The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and was signed by Company Secretary and Compliance Officer Meenal Bansal on January 15, 2026. The company has requested stock exchanges BSE and NSE to take the information on record.