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 significantly expanded its employee compensation program by approving the grant of 24,67,918 stock options under its Employee Stock Option Scheme-2025 (SNL ESOS 2025). The Nomination and Remuneration Committee approved this substantial grant through a circular resolution on January 7, 2026, with the company filing a revised disclosure to correct an inadvertent clerical error in the original grant date.

Updated Stock Option Grant Details

Key Features of SNL ESOS 2025

Scheme Structure and Benefits

The SNL ESOS 2025 represents a comprehensive employee benefit program designed to align employee interests with shareholder value. Each stock option grants employees the right to apply for one equity share in the company, subject to the terms and conditions defined under the scheme.

The options will vest over a period ranging from one to three years from the grant date, providing employees with a structured pathway to equity participation. Once vested, employees will have up to five years to exercise their options, offering flexibility in timing their equity conversion.

Corporate Governance and Compliance

STL Networks has ensured full compliance with regulatory requirements, structuring the scheme in accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company has filed the necessary disclosures under Regulation 30 of the SEBI Listing Regulations with both BSE and NSE, with scrip codes 544395 and STLNETWORK respectively.

This expanded stock option program reflects STL Networks' growing focus on talent retention and employee engagement in the competitive IT software sector. The scheme serves as a strategic tool for attracting and retaining key personnel while fostering an ownership mindset among the workforce, positioning the company to better compete for talent while ensuring long-term alignment between employee performance and company growth objectives.