STL Networks board meeting outcome: Approved consolidated financial results. Re-appointed Mr. Kiran Naik as Cost Auditor for FY27. Updated designations for senior management, Mr. Arun Goyal and Mr. B Lakshmiraman. Confirmed no deviation in utilization of funds raised via warrants and NCDs.
STL Networks notes Whole-Time Director Pankaj Malik's resignation, effective today. Chandrasekhara Rao Battula appointed as Additional Director and Interim CEO for one year. Board committees have been reconstituted.
STL Networks board meeting outcome: Approved audited financial results for the quarter and fiscal year. Re-appointed KPMG as Internal Auditors for FY27.
STL Networks' Board has approved amendments to its Articles of Association. They are also issuing up to 4.5 Cr warrants to Twin Star Overseas Limited for ₹108 Cr. Each warrant can convert into one equity share.
STL Networks' board meeting outcome: Key approvals include entering into material related party transactions with fellow subsidiaries Sterlite Technologies and Sterlite Tech Cables Solutions. The board also greenlit exercising borrowing powers and creating charges on company assets for borrowings.
