STL Networks Limited has allotted 3,828 equity shares of face value ₹2 each under its Special Purpose Employee Stock Option Scheme 2025 (SP-ESOS 2025). The shares were allotted upon exercise of options granted under the scheme at the face value of ₹2 per share, generating total proceeds of ₹7,656.
The allotment was approved by the Authorization and Allotment Committee of the Board of Directors at its meeting held on Friday, August 14, 2026. Each stock option is convertible into one fully paid-up equity share of face value ₹2.
Capital Structure Changes:
- Total issued shares increased from 48,81,04,688 to 48,81,08,515
- Total issued share capital increased to ₹97,62,17,030
- The new shares rank pari-passu with existing equity shares in all respects
Scheme Background:
The SP-ESOS 2025 was formulated pursuant to Clause 10 of the Scheme of Arrangement between Sterlite Technologies Limited ("Demerged Company") and STL Networks Limited ("Resulting Company"). The scheme aims to restore value by making fair and reasonable adjustments to options granted under ESOP Schemes of the Demerged Company. Each eligible employee is granted 1 option under SP-ESOP 2025 for every 1 option outstanding in the Demerged Company as on the Effective Date.
Additional Details:
- ISIN Number: INE1VXE01018
- Listing: Shares are listed on BSE Limited and National Stock Exchange of India Limited
- No lock-in period applies to the allotted shares
- No premium was paid on the shares (exercise price equals face value)
- The diluted earnings per share remains unaffected due to the negligible quantity of shares allotted
Additional Announcements:
The filing includes complete regulatory disclosures as required under:
- Regulation 30 of SEBI Listing Regulations (Annexure A)
- Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (Annexure B)