AGM Details

The 27th Annual General Meeting of Sterlite Technologies Limited will be held on Wednesday, August 19, 2026 at 9:30 a.m. (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM).

Voting Information

The remote e-voting period commences on Sunday, August 16, 2026 at 9:00 A.M and ends on Tuesday, August 18, 2026 at 5:00 P.M. The cut-off date for determining eligibility to vote is Wednesday, August 12, 2026. Only persons whose names appear in the Register of Members or in the Register of Beneficial Owners maintained by the depositories as on this date shall be eligible to vote.

Business to be Transacted

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone Financial Statements for FY2025-26 and reports of Board of Directors and Auditors

2. To receive, consider and adopt the Audited Consolidated Financial Statements for FY2025-26 and Report of the Auditors

3. To appoint a director in place of Mr. Venkatesh Murthy (DIN 08567907) who retires by rotation

Special Business:

4. Re-appointment of Mr. Ankit Agarwal as Managing Director: To approve re-appointment of Mr. Ankit Agarwal (DIN 03344202) as Managing Director and KMP for 5 consecutive years from October 08, 2026 to October 07, 2031

  • Salary and Personal Allowance: Maximum limit of ₹10,00,00,000 per annum
  • Perquisites: House Rent Allowance (or company accommodation), medical benefits, bonus, credit card, annual club membership, medical/accident insurance, home upkeep staff
  • Performance-based incentive: Not exceeding 200% of Basic Salary and General Allowance
  • Other benefits: Provident Fund, Superannuation, Gratuity, Leave Encashment as per company rules
  • No sitting fees for Board/Committee meetings
  • Contract terminable by 90 days' notice by either party

5. Approval of remuneration to Mr. Ankit Agarwal: To ratify and approve remuneration of ₹3,69,22,436 paid as Minimum Remuneration for FY2025-26, which is in excess of limits prescribed under Section 197 read with Schedule V of Companies Act, 2013 due to no profits for FY2026

6. Payment of commission to Independent Directors: Approval for payment of commission for FY2025-26 totaling ₹144.59 lakhs to:

  • B J Arun: ₹36.00 lakhs
  • Amrita Gangotra: ₹36.00 lakhs
  • Rajiv Agarwal: ₹30.97 lakhs (appointed May 22, 2025)
  • S Krishnan: ₹7.59 lakhs (appointed January 14, 2026)
  • S Madhavan: ₹29.00 lakhs (ceased January 19, 2026)
  • Kumud Srinivasan: ₹5.03 lakhs (ceased May 21, 2025)

7. Ratification of Cost Auditor remuneration: Approval for payment of remuneration of ₹1,50,000 plus XBRL/XML file preparation and applicable taxes, and reimbursement of actual travel and out-of-pocket expenses to Mr. Kiran Naik, Cost Accountant (Registration Number 10927) for conducting cost audit for FY2026-27

Financial Performance Context

The explanatory statement discloses that STL ended Fiscal 2026 with a profit of ₹56 crore from continuing operations, which was below internal targets due to:

  • U.S. tariff resets reducing EBITDA margin by approximately 300 bps in Q2, 760 bps in Q3, and 600 bps in Q4 FY26
  • Geopolitical disruption and cost inflation from West Asia tensions
  • Critical raw material constraints (germanium, helium)
  • Copper segment de-growth due to high LME prices
  • One-time labor code implementation charge of ₹15 crore in Q3 FY26
  • Front-loaded operational expenses for new leadership teams

Director Information

Mr. Venkatesh Murthy (DIN 08567907):

  • Age: 53 years, appointed July 27, 2023
  • Chief Operations Officer for Optical Networking Business
  • Holds 67,818 shares in the company
  • Director in Sterlite Tech Cables Solutions Limited

Mr. Ankit Agarwal (DIN 03344202):

  • Age: 42 years, appointed January 20, 2021
  • Managing Director, son of Mr. Pravin Agarwal
  • Holds 15,58,676 shares in the company
  • Director in multiple subsidiaries: STL Digital Limited, STL Networks Limited, Twin Star Display Technologies Limited, Sterlite Tech Cables Solutions Limited, Speedon Networks Limited

Document Availability

The AGM Notice is available on the company website at https://www.stl.tech/ and on Kfin Technologies Limited's website at https://evoting.kfintech.com/

Inspection of Documents

All documents referred to in the notice will be available electronically for inspection between 2:00 p.m. and 5:00 p.m. on all working days up to the date of announcement of voting results. Members can send requests to secretarial@stl.tech