Sterlite Technologies Limited has issued a formal clarification to BSE Limited regarding significant movement in its share price, responding to an exchange inquiry dated February 02, 2026. The company addressed concerns about price volatility through a regulatory filing on February 03, 2026.

Regulatory Compliance Confirmation

The company confirmed its adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 30. Sterlite Technologies stated that it has consistently made all necessary disclosures to stock exchanges regarding events and information that could impact its operations and performance.

Price Sensitive Information Disclosure

The company explicitly confirmed that it is not aware of any unpublished price sensitive information that could influence share price or volume behavior. Sterlite Technologies emphasized that all required disclosures under Regulation 30 have been communicated to stock exchanges within the prescribed timelines.

Corporate Governance

The clarification was signed by Mrunal Asawadekar, Company Secretary and Compliance Officer (Membership No.: A 24346), demonstrating proper corporate governance protocols. The document was digitally signed on February 03, 2026, at 10:36:32 +05'30', ensuring authenticity and compliance with digital documentation requirements.

This regulatory response reflects the company's commitment to transparency and adherence to stock exchange guidelines regarding price movement clarifications.

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.