STL Networks Limited submitted a regulatory disclosure to BSE Limited and National Stock Exchange of India Limited regarding the allotment of equity shares under its employee stock option scheme.

Key Quantitative Figures

  • Number of shares allotted: 1,63,264 equity shares
  • Face value per share: ₹2
  • Total money realized from exercise of options: ₹3,26,528
  • Exercise price per share: ₹2 (face value)
  • Premium per share: None
  • Distinctive number range of shares: 48,81,08,516 to 48,82,71,779
  • ISIN Number: INE1VXE01018

Capital Structure Impact

  • Total issued shares after this allotment: 48,82,71,779 shares
  • Total issued share capital after this allotment: ₹97,65,43,558
  • The company stated that the diluted earnings per share remains unaffected as the quantity of shares allotted is negligible
  • The new shares are identical in all respects to existing shares

Parties Involved

  • Authorization and Allotment Committee of the Board of Directors (approved the allotment)
  • Eligible employees who exercised options
  • Sterlite Technologies Limited (mentioned as "Demerged Company" in the scheme background)
  • BSE Limited and National Stock Exchange of India Limited (recipients of the disclosure)

Scheme Background and Purpose

The SP-ESOS 2025 scheme was formulated pursuant to Clause 10 of the Scheme of Arrangement between Sterlite Technologies Limited (Demerged Company) and STL Networks Limited (Resulting Company). The purpose was to restore value by making fair and reasonable adjustment to the Options granted under ESOP Schemes of the Demerged Company to eligible Employees. Under this arrangement, each eligible Employee was granted 1 Option under SP-ESOP 2025 for every 1 Option (whether vested or not) outstanding as on the Effective Date in the Demerged Company under ESOP Schemes, adopting similar terms and conditions.

Additional Details

  • No lock-in period applies to the allotted shares
  • No listing fees are payable
  • No share certificate numbers were provided (not applicable)
  • The company's registered office address: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra-411001
  • The disclosure is also available on the company's website at https://inveniatech.com/