STL Networks Limited has informed stock exchanges about an adverse adjudicator's decision against its wholly owned UK subsidiary, Sterlite Technologies UK Ventures Limited (STUKVL), involving payment dues of £83.5 thousand.

Adjudication Details

The dispute arose from STUKVL's failure to pay dues under an Infrastructure Framework agreement with All Fiber Solutions Limited (AFSL). The agreement covered design and installation of underground and overhead fiber cabling along with associated civil engineering services.

Financial Implications

The adjudicator's decision on January 5, 2026, ruled in favor of AFSL, requiring STUKVL to pay multiple components:

The currency conversion rates are as of January 15, 2026, as stated in the company's disclosure.

Company's Assessment

STL Networks has assessed that despite the adverse ruling against its UK subsidiary, there is no material impact expected on the company's overall financial position. The company made this disclosure pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Compliance

The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and was signed by Company Secretary and Compliance Officer Meenal Bansal on January 15, 2026. The company has requested stock exchanges BSE and NSE to take the information on record.

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.