Latest news about STL Networks
STL Networks
25.44
-1.45(-5.39%)
Company Performance:
View Company Insights1D-5.39%
1M+19.61%
6M+9.14%
1Y+16.97%
5Y+16.97%
More news about STL Networks
10Apr 26
STL Networks Completes Postal Ballot Notice Dispatch with Newspaper Publication
STL Networks Limited has completed the dispatch of its postal ballot notice and published the required newspaper intimation in Financial Express and Loksatta newspapers. The company seeks shareholder approval for material related party transactions worth ₹1,000 crore with group entities and enhanced borrowing powers up to ₹3,000 crore through remote e-voting process concluding on May 8, 2026.
07Apr 26
STL Networks Limited Files SEBI Compliance Certificate for Q4 FY26
STL Networks Limited filed its quarterly compliance certificate under SEBI Regulation 74(5) for Q4 FY26 on April 7, 2026. The company's RTA, KFin Technologies Limited, confirmed no demat requests were received during the quarter ended March 31, 2026. This regulatory filing demonstrates the company's commitment to maintaining SEBI compliance requirements.
27Mar 26
STL Networks Board Approves Postal Ballot for Related Party Transactions and Borrowing Powers
STL Networks Limited's board meeting on March 26, 2026, approved a postal ballot notice covering material related party transactions with fellow subsidiaries Sterlite Technologies Limited and Sterlite Tech Cables Solutions Limited. The board also sanctioned enhanced borrowing powers, charge creation on company properties, and investment authority beyond statutory limits under the Companies Act, 2013. The meeting lasted from 7:15 PM to 8:30 PM, with the postal ballot notice to be circulated within prescribed legal timelines.
23Mar 26
STL Networks Allots 45,198 Equity Shares Under Employee Stock Option Scheme 2025
STL Networks Limited has allotted 45,198 equity shares of ₹2.00 face value each under its Employee Stock Option Scheme 2025, approved by the Authorization and Allotment Committee on March 23, 2026. The exercise of these options realized ₹90,396 for the company, with shares priced at face value. Post-allotment, the company's total issued share capital stands at ₹97,60,63,008 comprising 48,80,31,504 shares. The SNL ESOS 2025 scheme is designed to reward eligible employees and encourage their continued contribution to company growth.
27Feb 26
STL Networks Allots 40,341 Equity Shares Under Employee Stock Option Scheme 2025
STL Networks Limited allotted 40,341 equity shares under its Employee Stock Option Scheme 2025 on February 27, 2026, at face value of ₹2 per share, raising ₹80,682. The allotment increases total issued shares to 48,79,86,306 and share capital to ₹97,59,72,612. The scheme rewards employee performance and encourages continued contribution to company growth, with shares identical to existing equity and compliant with SEBI regulations.
26Feb 26
STL Networks Receives Rs. 6.06 Crore CGST Demand Order for FY 2019-20
STL Networks Limited received a Rs. 6.06 crore CGST demand order from Joint Commissioner CGST & CX, Haldia Commissionerate for FY 2019-20, based on differences between GSTR-7 and GSTR-3B filings. The company considers the demand not maintainable and is evaluating appeal options, expecting no significant impact on operations or financials.
13Feb 26
STL Networks Appoints Arun Goyal as Fiber BU Head, Announces Senior Management Changes
STL Networks Limited announced senior management changes effective February 13, 2026, with Arun Goyal appointed as Fiber BU-Head under Senior Management Personnel and Srinivasan Devarajan exiting the senior management role. Goyal, who joined STL in 2018, brings experience from Nokia, Alcatel Lucent, and Airtel, with strong expertise in fiber projects and client relationships.
10Feb 26
STL Networks Secures ₹206.49 Crore Order from National Informatics Centre for Network Equipment
STL Networks Limited has received a major purchase order worth ₹206.49 crore from National Informatics Centre Services Incorporated for network equipment procurement through NKN. The domestic contract includes a 12-week implementation timeline with 5 years of warranty and AMC support, representing a significant business win for the company.
04Feb 26
STL Networks Secures ₹175 Crore Letter of Intent for NKN Network Equipment Supply
STL Networks has secured a substantial Letter of Intent worth ₹175 crore for supplying network equipment to India's National Knowledge Network. This major contract demonstrates the company's strong position in the telecommunications infrastructure sector and its capability to deliver large-scale government projects, potentially opening doors for future public sector opportunities.
03Feb 26
STL Networks Q3: EBITDA Grows to ₹225M, Revenue Up 16.5% YoY Despite Margin Pressure
STL Networks delivered mixed Q3 results with EBITDA growing to ₹225 million from ₹210 million year-on-year, though margins compressed to 6.72% from 7.29%. The company achieved strong consolidated revenue growth of 16.5% to ₹335.14 crores and significantly narrowed its net loss, demonstrating operational improvements despite regulatory headwinds.
30Jan 26
STL Networks Limited Completes ₹100 Crore NCD Allotment with 10.35% Coupon Rate
STL Networks Limited completed the allotment of 10,000 non-convertible debentures worth ₹100 crore on January 30, 2026, through private placement. The NCDs carry a face value of ₹1 lakh each with a 10.35% coupon rate payable quarterly. The instruments feature staggered maturity with 50% principal repayment on April 30, 2028, and the remaining 50% on June 30, 2028. The debentures are secured by first ranking pari passu charge over company assets and will be listed on BSE's Wholesale Debt Market segment.
21Jan 26
STL Networks Limited Issues Second Tranche of Non-Convertible Debentures Worth ₹150 Crores
STL Networks Limited announced the issuance of second tranche NCDs worth up to ₹150 crores through private placement, following November 2025 approval for ₹300 crores fundraising. The secured, redeemable debentures will be listed on BSE Limited with up to 15,000 securities proposed for issuance. The company has maintained clean payment records with no delays or defaults reported.
16Jan 26
STL Networks Allots 24,879 Equity Shares Under Employee Stock Option Scheme 2025
STL Networks Limited completed allotment of 24,879 equity shares under its Special Purpose Employee Stock Option Scheme 2025, with employees exercising options at ₹2 per share and realizing ₹49,758 for the company. The scheme, designed to restore value following the demerger from Sterlite Technologies, maintains full regulatory compliance and increases the company's total issued share capital to ₹97,58,91,930.
15Jan 26
STL Networks' UK Subsidiary Faces Adjudication Loss of £83.5 Thousand in Payment Dispute
STL Networks Limited disclosed that its UK subsidiary STUKVL received an adverse adjudicator's decision on January 5, 2026, requiring payment of £83.5 thousand (₹1.01 crore) plus £6.6 thousand interest to All Fiber Solutions Limited for unpaid dues under an infrastructure framework agreement. Despite the ruling, the company expects no material impact on its financial position.
23Dec 25
STL Networks Appoints Prerna Wadhwa as Head-Legal Following Board Approval
STL Networks Limited announced the appointment of Ms. Prerna Wadhwa as Head-Legal and Senior Management Personnel effective December 24, 2025, following board approval on December 23, 2025. Wadhwa, who joined the company in June 2022, brings over a decade of experience in legal functions, compliance, and corporate governance, having previously worked with government undertakings and large conglomerates.
13Dec 25
STL Networks Shareholders Approve Employee Stock Option Scheme 2025 Modifications
STL Networks Limited successfully concluded its postal ballot process with shareholders approving significant modifications to the Employee Stock Option Scheme 2025. The resolution passed with 94.34% approval rate, restructuring vesting conditions for 1.95 crore ungranted stock options by increasing continued employment-based vesting from 25% to 70% and reducing corporate performance-based vesting from 75% to 30%.
02Dec 25
STL Networks Secures INR 150 Crore Through Non-Convertible Debentures
STL Networks Limited has successfully raised INR 150 crore through the allotment of 15,000 non-convertible debentures (NCDs) on a private placement basis. The NCDs have a face value of INR 1,00,000 each, offering a 10.25% per annum coupon rate payable quarterly. Set to mature in September 2027, these listed NCDs are secured by a first ranking pari passu charge over certain company assets. This funding move indicates strong investor confidence and positions STL Networks for potential growth initiatives in the technology sector.
18Nov 25
STL Networks Approves ₹300 Crore NCD Issuance, Receives 'IND A-'/Stable Rating
STL Networks Limited (STLN) has approved raising up to ₹300 crores through the issuance of secured, redeemable, non-convertible debentures (NCDs) via private placement. The NCDs, rated 'IND A-'/Stable by India Ratings and Research, will be listed on BSE or NSE. Despite facing financial challenges in FY25 with revenue declining to ₹11.80 billion from ₹14.70 billion in FY24, STLN maintains a strong order book of over ₹65 billion. The company aims to capitalize on India's digital transformation initiatives and 5G rollout, focusing on increasing revenue from technology and annuity-led services to improve profitability and financial metrics.
17Nov 25
India Ratings Assigns 'IND A-'/Stable Rating to STL Networks' Proposed NCDs
India Ratings and Research (Ind-Ra) has assigned an 'IND A-'/Stable rating to STL Networks Limited's (STLN) proposed NCDs worth INR 3,000 million and affirmed 'IND A-'/Stable/IND A2+' rating for bank loan facilities of INR 25,000 million. STLN's consolidated revenue declined 20% YoY to INR 11,800 million in FY25, with EBITDA margin at 6.3%. The company has a strong order book of over INR 65,000 million as of June 2025. Despite current modest credit metrics, Ind-Ra expects gradual improvement in net leverage and interest coverage. STLN's liquidity is supported by adequate free cash, undrawn working capital limits, and expected positive cash flow from operations.
14Nov 25
STL Networks to Consider ₹300 Crore NCD Issuance for Fundraising
STL Networks Limited, a telecommunications company, is considering raising up to ₹300 crores through the issuance of Non-Convertible Debentures (NCDs). The Authorization and Allotment Committee will meet on November 18, 2025, to discuss this private placement of listed, secured, and redeemable NCDs, which may be issued in one or more tranches. The company has informed stock exchanges of this meeting in compliance with SEBI regulations.
07Nov 25
STL Networks Reports Q2 Net Loss of 193 Crore Rupees Amid Revenue Decline
STL Networks, a global telecommunications services provider, reported a net loss of 193 crore rupees in Q2, compared to a profit of 50.5 crore rupees in the same quarter last year. Revenue decreased by 35.1% to 2,310 crore rupees from 3,560 crore rupees year-over-year. EBITDA fell by 74.9% to 64.40 crore rupees, with the EBITDA margin shrinking to 2.79% from 7.19%.
15Sept 25
STL Networks Secures ₹359 Crore Data Center Contract from PowerGrid Teleservices
STL Networks Limited has won a ₹359 crore contract from PowerGrid Teleservices Limited to design, build, and maintain a Tier III data center at PowerGrid's Manesar facility. The project includes establishing a Disaster Recovery Data Center, providing Infrastructure as a Service solutions, and long-term operation and maintenance services. The data centers will feature advanced cooling systems and energy-efficient designs, aligning with India's digital and sustainability goals.
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