STEL Holdings Limited has submitted a regulatory disclosure to stock exchanges confirming that it does not qualify as a "Large Corporate" under the Securities and Exchange Board of India's operational circular issued on October 19, 2023. The disclosure, dated April 14, 2026, was addressed to both BSE Limited and the National Stock Exchange of India Limited.

Regulatory Compliance Disclosure

The company's disclosure pertains to SEBI Operational Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172, which relates to fund raising by issuance of debt securities by large corporates. STEL Holdings confirmed that it does not meet the applicability criteria specified under this circular for classification as a "Large Corporate."

Financial Position Details

As part of the mandatory disclosure format, STEL Holdings provided key financial information demonstrating its non-applicability status:

The company reported zero outstanding borrowings as of March 31, 2026, which appears to be a key factor in its non-qualification as a Large Corporate under the SEBI framework.

Corporate Authorization

The disclosure was jointly signed by two key executives of STEL Holdings Limited. Company Secretary Sruthi Sindhu and Chief Financial Officer Sivaramakrishnan both authenticated the document, ensuring proper corporate governance compliance. The submission included the official company seal, reinforcing the formal nature of the regulatory communication.

Stock Exchange Communication

SSTEL Holdings addressed the disclosure to both major Indian stock exchanges where its shares are listed. The company trades on BSE under symbol 533316 and on NSE under scrip code STEL. The disclosure requested both exchanges to take the information on record as part of ongoing regulatory compliance requirements.

This disclosure represents standard regulatory compliance for listed companies, ensuring transparency regarding their status under various SEBI operational circulars and frameworks.

STEL Holdings Limited has submitted its quarterly compliance certificate to stock exchanges for the quarter ended March 31, 2026, in accordance with SEBI regulations governing depositories and participants.

Regulatory Compliance Filing

The company filed the mandatory certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 with both BSE Limited and National Stock Exchange of India Limited on April 6, 2026. The filing was signed by Company Secretary Sruthi Sindhu on behalf of STEL Holdings Limited.

Registrar Confirmation

MUFG Intime India Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the compliance certificate on April 3, 2026. The certificate was signed by Ashok Shetty, Senior Vice President-Corporate Registry.

The registrar confirmed that all securities received from depository participants for dematerialisation during Q4FY26 were properly processed according to regulatory requirements. This includes confirmation of acceptance or rejection of securities to depositories and ensuring all certificates were listed on appropriate stock exchanges.

Dematerialisation Process Compliance

The certificate validates several key compliance aspects:

• Securities received for dematerialisation were confirmed or rejected within prescribed timelines
• Physical security certificates were properly mutilated and cancelled after verification
• Depository names were substituted in the register of members as registered owners
• All processes followed SEBI guidelines for depository participants

Company Information

This quarterly filing demonstrates STEL Holdings Limited's commitment to maintaining regulatory compliance and transparency in its share transfer and dematerialisation processes, ensuring investor confidence in the company's adherence to SEBI guidelines.