STL Networks Limited , a prominent player in the telecommunications sector, has announced a significant modification to its Employee Stock Option Scheme (ESOS) 2025. The company is seeking shareholder approval through a postal ballot to amend the vesting conditions of its stock options, aiming to enhance employee retention and align with corporate performance goals.

Key Highlights of the Proposed Amendment

The proposed changes to the STL Networks ESOS 2025 focus on restructuring the vesting conditions for ungranted stock options. Here's a breakdown of the modifications:

Rationale Behind the Amendment

STL Networks' management believes that increasing the proportion of options vesting based on continued employment will:

1. Enhance long-term commitment of employees
2. Recognize continuous contribution to the organization's success
3. Maintain alignment with broader business goals and value creation

Voting Process and Timeline

The company has initiated a postal ballot through remote e-voting for shareholders to cast their votes on this proposal. The voting period is scheduled as follows:

Additional Details of the ESOS 2025

• Eligibility: The scheme covers employees working in India or outside India, directors (excluding promoters and independent directors), and employees of subsidiary companies.
• Vesting Period: Minimum of 1 year and maximum of 4 years from the date of grant.
• Exercise Period: Maximum of 5 years from the relevant vesting date.
• Implementation: The scheme will be implemented directly by the company and involves a new issue of equity shares.

Potential Impact on Share Capital

While the proposed amendment doesn't directly affect the company's share capital, it's worth noting that the ESOS 2025 allows for the issuance of up to 1,95,00,000 fully paid-up equity shares of ₹2 each.

Corporate Governance Considerations

The company has stated that none of the directors or key managerial personnel, including their relatives, are interested in the resolutions, except to the extent they may be lawfully granted options under the ESOS 2025.

STL Networks' move to modify its ESOS 2025 reflects a strategic approach to talent retention and performance alignment. As the e-voting process unfolds, shareholders will play a crucial role in determining the future structure of the company's employee stock option program.

STL Networks Limited , a prominent player in the telecommunications sector, has announced plans to explore a significant fundraising initiative through the issuance of non-convertible debentures (NCDs). The company's Authorization and Allotment Committee is set to convene on November 18, 2025, to deliberate on this financial move.

Key Details of the Proposed Fundraising

Regulatory Compliance and Disclosure

STL Networks has adhered to regulatory requirements by intimating the stock exchanges about the scheduled meeting. This disclosure aligns with Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed entities to inform exchanges about meetings considering fund-raising proposals.

Implications and Next Steps

The potential NCD issuance could provide STL Networks with additional capital for various corporate purposes. However, it's important to note that the final decision on the issuance, including specific terms and conditions, is subject to the committee's approval.

Investors and stakeholders should anticipate further details post the committee meeting, as STL Networks has committed to disclosing the exact terms and conditions of the NCD issuance following the committee's deliberations and decisions.

As this development unfolds, market participants will likely keep a close watch on how this fundraising initiative might impact STL Networks' financial position and future growth strategies in the competitive telecommunications landscape.