Sterlite Technologies Limited has issued a comprehensive postal ballot notice seeking member approval for critical board appointments through an electronic voting process. The telecommunications infrastructure company is proposing two significant directorial changes that require shareholder consent through special resolutions.

Key Proposals Under Consideration

The postal ballot notice, dated January 23, 2026, presents two main agenda items for member approval:

Both appointments are being proposed as Independent Directors, not liable to retire by rotation, and require approval through special resolutions.

E-Voting Process and Timeline

The company has engaged KFin Technologies Limited as the service provider for the remote e-voting facility. Members will be able to cast their votes exclusively through electronic means, with no physical postal ballot forms being distributed.

Voting rights will be proportional to members' shareholding in the paid-up equity share capital as recorded on the cut-off date. The company has appointed Mr. B Narasimhan (FCS 1303) or alternatively Mr. Venkataraman K (ACS 8897) as Scrutinizer for conducting the postal ballot process.

Director Profiles and Qualifications

Mr. Bangalore Jayaram Arun brings extensive Silicon Valley entrepreneurial experience spanning over three decades. The 64-year-old technology veteran founded California Digital in 1992, co-founded Librato in 2004 (acquired by SolarWinds for approximately USD 50 million), and served as CEO of July Systems until its acquisition by Cisco in 2018. He has served as President of TiE Silicon Valley (2019-2020) and Chairman of the TiE Global Board of Trustees (2022), while being honored with Karnataka's Rajyotsava Award.

Mr. Sathia Jeeva Krishnan Chidambara, aged 61, is a Chartered Accountant and former Indian Revenue Service officer with over 39 years of professional experience in accounting, audit, taxation, and finance. Currently self-employed, he advises on mergers and acquisitions, complex taxation matters, and private wealth management. His corporate experience includes senior positions with Maersk, Ambuja Cement, Monsanto, and EY India. He currently serves as Independent Director on the boards of Parry Agro Industries Limited and GIC Housing Finance Limited.

Regulatory Compliance and Documentation

The postal ballot notice has been prepared in compliance with Section 108 and 110 of the Companies Act, 2013, along with relevant rules and SEBI Listing Regulations. Both proposed directors have submitted all required statutory disclosures, including consent forms, independence declarations, and confirmations of non-disqualification under applicable regulations.

The notice will be available on the company's website at www.stl.tech , stock exchange websites, and KFin's e-voting platform. Members whose email addresses are registered will receive electronic copies of the notice with detailed e-voting instructions. The company has provided comprehensive guidelines for different categories of shareholders, including those holding shares in demat and physical form.

Strategic Rationale

The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, believes both appointments will strengthen the company's governance framework and strategic capabilities. Mr. Arun's continued association is expected to provide strategic guidance in the evolving digital communications industry, while Mr. Krishnan's financial expertise will enhance the Board's oversight and decision-making capabilities.

Results of the postal ballot will be declared within two working days of the e-voting conclusion and will be simultaneously communicated to stock exchanges and made available on relevant websites.

Sterlite Technologies has delivered a strong financial performance in the third quarter, reporting significant revenue growth that underscores the company's robust business momentum. The technology solutions provider demonstrated solid operational execution during the reporting period.

Financial Performance Overview

The company's third quarter results show impressive revenue expansion, with total revenue reaching ₹12.60 billion compared to ₹9.98 billion in the same quarter of the previous year. This performance represents a notable improvement in the company's top-line growth.

Revenue Growth Analysis

The year-on-year revenue increase of ₹2.62 billion translates to a growth rate of 26.30%, indicating strong business performance across the company's operations. This substantial revenue expansion reflects positive market dynamics and effective business strategy execution.

The revenue growth demonstrates the company's ability to capitalize on market opportunities and maintain competitive positioning in its core business segments. The significant increase in quarterly revenue suggests improved demand conditions and successful operational initiatives.

Business Momentum

The strong third quarter performance highlights Sterlite Technologies' continued progress in driving revenue growth and expanding its market presence. The substantial year-on-year improvement in revenue metrics indicates positive business trends and operational effectiveness.

This quarterly performance provides insight into the company's current business trajectory and its ability to deliver consistent growth in revenue generation across its technology solutions portfolio.