STLTECH

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Order Win: Sterlite Technologies Limited's subsidiary secured a Product Award Letter from a hyperscale partner for multi-year supply of optical connectivity products for AI Data Centre build-outs. Order Value: ~USD 1.11 billion. Completion Timeline: Supplies starting from FY27 and continuing up to March 2029.

On May 15, 2026, Sterlite Technologies Limited's Authorization and Allotment Committee allotted 35,097 equity shares to grantees who exercised options under the Company's Employee Stock Option Schemes (2010 and 2016). The existing share capital was 488,132,538, and after this allotment, the post-allotment share capital is 488,167,635 shares.

Sterlite Technologies Limited has issued a Postal Ballot Notice to seek shareholder approval for raising up to ₹2,000 Crores. The funds can be raised through various instruments including Qualified Institutional Placement (QIP), External Commercial Borrowings (ECBs), Foreign Currency Convertible Bonds (FCCBs), American/Global Depository Receipts (ADRs/GDRs), or Optionally/Compulsorily Convertible Redeemable Preference Shares. E-voting for this special resolution is scheduled from May 18, 2026, to June 16, 2026.

Sterlite Technologies Limited clarified a deficiency in their Standalone XBRL filing for the financial year ended March 31, 2026. The company stated that Earnings Per Share (EPS) figures were included in the Audited Standalone Financial Results but were inadvertently omitted from the XBRL submission due to a typographical oversight during the conversion process. The discrepancy has been rectified, and a revised XBRL instance file including the EPS data has been submitted.

Sterlite Technologies Limited informed that the Delhi High Court dismissed a petition to set aside an arbitral award against Bharat Sanchar Nigam Limited. This legal matter, concerning the demerged Global Services Business (now STL Networks Limited, effective March 31, 2025), means any contingent liability for this award pertains solely to STL Networks Limited and not Sterlite Technologies Limited.