Sterlite Technologies Limited's Board of Directors approved key leadership changes during their meeting held on January 14, 2026, following recommendations from the Nomination and Remuneration Committee. The decisions encompass director re-appointments, new appointments, and the completion of an existing director's tenure, all subject to regulatory compliance under SEBI Listing Regulations.

Board Approvals and Director Changes

The board meeting, which commenced at 2:15 PM and concluded at 3:54 PM, resulted in several important decisions regarding the company's directorial positions. These changes reflect the company's commitment to maintaining strong governance standards while ensuring continuity in leadership.

Re-appointment of Mr. Bangalore Jayaram Arun

Mr. Bangalore Jayaram Arun's first term as Independent Director expires on January 19, 2026. The board approved his re-appointment for a second term of five consecutive years, effective from January 20, 2026, to January 19, 2031, subject to shareholder approval. Mr. Arun brings extensive Silicon Valley entrepreneurial experience since 1992, with a B.E. in Computer Science from 1986. His notable achievements include:

• Founded California Digital in 1992, developing it into a Linux-based high-performance computing leader
• Co-founded Librato in 2004, scaling it to a USD 10.00 million revenue run rate before its acquisition by SolarWinds for approximately USD 50.00 million
• Served as CEO of July Systems in 2014, leading an OEM-focused pivot culminating in acquisition by Cisco in 2018
• Honored with Karnataka's Rajyotsava Award and served as President of TiE Silicon Valley (2019-2020) and Chairman of the TiE Global Board of Trustees (2022)

New Independent Director Appointment

The board appointed Mr. Sathia Jeeva Krishnan Chidambara as an additional Non-executive Independent Director for two consecutive years, effective from January 14, 2026, to January 13, 2028, subject to shareholder approval. Mr. Chidambara is a Chartered Accountant (All India Rank holder) and former Indian Revenue Service officer with over 39 years of professional experience in accounting, audit, taxation, and finance.

His professional background includes:

• Currently self-employed, advising on mergers and acquisitions, complex taxation matters, and private wealth management
• Senior positions with Maersk, Ambuja Cement, Monsanto, and EY India
• Current Independent Director roles at Parry Agro Industries Limited and GIC Housing Finance Limited

Director Tenure Completion

Mr. S. Madhavan will complete his term as Independent Director on January 19, 2026, ceasing to hold the position with effect from close of business hours on that date. He will also cease to be a member of various board committees. The board placed on record its appreciation for his valuable contributions and guidance during his association with the company.

Regulatory Compliance

Both new appointments require shareholder approval and comply with SEBI Listing Regulations. The company confirmed that neither Mr. Arun nor Mr. Chidambara is related to any existing board members, and both directors are not debarred from holding directorial positions pursuant to any SEBI order or other authority. All requisite details have been provided in accordance with Schedule III under Regulation 30 of the SEBI Listing Regulations.

Sterlite Technologies Limited has granted 24,621 stock options to eligible employees under its Employee Stock Option Scheme 2016 (ESOP 2016), as announced through a regulatory filing on January 14, 2026. The grant was approved by the company's Nomination and Remuneration Committee of the Board during their meeting held on the same date.

Stock Option Grant Details

The key parameters of the stock option grant are structured to provide long-term incentives for employee retention and performance:

Vesting and Exercise Framework

The granted stock options are exercisable into an equal number of fully paid-up equity shares of the company. The options will vest over a period of 3 years, providing a structured timeline for employee benefits realization. Once vested, employees will have a 5-year window to exercise their options, offering flexibility in timing their equity participation.

Regulatory Compliance

The grant was made in accordance with the company's Employee Stock Option Scheme 2016 and complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both the National Stock Exchange of India Limited and BSE Limited about this development as part of its regulatory disclosure obligations.

This ESOP grant represents the company's continued commitment to employee engagement and retention through equity participation, allowing eligible employees to benefit from the company's long-term growth and performance.