STL Networks Limited has announced significant changes in its senior management structure with the appointment of Ms. Prerna Wadhwa as Head-Legal and Senior Management Personnel, effective December 24, 2025. This development comes as the company continues to strengthen its leadership team following the earlier announced resignation of Manish Ranjan from the same position.

Board Approval and Appointment Details

The Board of Directors of STL Networks Limited approved the appointment on December 23, 2025, based on the recommendation of the Nomination and Remuneration Committee. The appointment was disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Professional Background and Expertise

Ms. Prerna Wadhwa brings over a decade of experience to her new role. She originally joined STL Networks on June 30, 2022, and has been handling the company's legal functions with a focus on strategic counsel and risk management.

Educational Qualifications

Professional Experience

Prior to joining STL Networks, Wadhwa was associated with several prominent organizations including Bharat Broadband Network Limited, a Government of India undertaking. She has also worked with large conglomerates such as the Avanthe Group and the Amtek Group, as well as multinational consulting firms SCS Global-Japan and M1Xchange.

Key Responsibilities and Contributions

In her current role at STL Networks, Wadhwa has demonstrated expertise in multiple areas:

• Legal Function Management: Providing strategic counsel with emphasis on effective risk management
• High-Stakes Litigation: Proven track record in handling civil, regulatory, and arbitration matters
• Corporate Strategy: Active involvement in strategic fundraising initiatives, corporate and financial restructuring
• Mergers and Acquisitions: Extensive experience in M&A transactions
• Compliance and Governance: Hands-on experience in legal and corporate compliance, board governance, and stakeholder management

Leadership Transition Context

This appointment effectively fills the position that will be vacated by Manish Ranjan, the outgoing Head-Legal, whose resignation was announced earlier with a last working day scheduled for March 17, 2026. The seamless transition demonstrates STL Networks' proactive approach to maintaining continuity in its legal leadership.

Company's Commitment to Governance

According to the company's disclosure, Wadhwa actively supports STL Networks' commitment to ethical business practices and contributes to fostering a culture of integrity, transparency, and robust governance. This aligns with the company's strategic focus as it continues to navigate the competitive telecom infrastructure sector.

The appointment reinforces STL Networks' emphasis on strengthening its senior management team as the company works to improve its financial performance and leverage its strong order book of over INR 65.00 billion as of June 2025.

STL Networks Limited has successfully concluded its postal ballot process, with shareholders approving significant modifications to the Employee Stock Option Scheme (ESOS) 2025. The resolution was passed with overwhelming support on December 13, 2025, marking a strategic shift in the company's employee retention and performance alignment approach.

Voting Results and Approval

The postal ballot concluded with shareholders demonstrating strong support for the proposed changes. The voting results reflect broad-based approval across different shareholder categories:

Key Modifications to ESOS 2025

The approved amendments restructure the vesting conditions for the company's stock option scheme, affecting 1.95 crore ungranted stock options:

Postal Ballot Process Details

The company conducted the voting process entirely through electronic means, following regulatory guidelines. The comprehensive process included:

Strategic Rationale and Implementation

The modification aligns with STL Networks' strategy to enhance long-term employee commitment while maintaining performance accountability. The increased emphasis on continued employment-based vesting from 25% to 70% is designed to improve talent retention and recognize sustained contribution to organizational success.

The scheme maintains its core parameters including a minimum vesting period of one year and maximum of four years from grant date, with an exercise period of up to five years from the relevant vesting date. The program covers employees in India and internationally, directors (excluding promoters and independent directors), and subsidiary company employees.

Corporate Governance and Compliance

The approval process followed all regulatory requirements under the Companies Act 2013, SEBI regulations, and listing obligations. The scrutinizer's report confirmed fair and transparent conduct of the electronic voting process, with all procedural requirements met including newspaper advertisements on November 15, 2025, in Financial Express and Loksatta publications.

With this approval, STL Networks can now implement the modified ESOS 2025, potentially strengthening its position in talent acquisition and retention within the competitive telecommunications sector.