STL Networks seeks shareholder approval via postal ballot for two special resolutions: altering its Articles of Association and issuing 4.5 crore warrants to promoter Twin Star Overseas.
The warrants are priced at ₹24 each, convertible into equity shares, aiming to raise ₹108 crore for debt repayment (75%) and general corporate purposes (25%).
Remote e-voting is open from April 20 to May 19, 2026, with the cut-off date for shareholder eligibility set as April 10, 2026.
The floor price for the warrant issue was determined as ₹22.83 per warrant based on SEBI ICDR regulations and an independent valuation report.