STL Networks Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI Listing Regulations regarding the allotment of equity shares under its Special Purpose Employee Stock Option Scheme- 2025.
Key Quantitative Figures
- Number of shares allotted: 84,790 equity shares
- Face value per share: ₹2
- Total money realized by exercise of options: ₹1,69,580
- Each stock option is convertible into one fully paid-up equity share
- Post-allotment total issued shares: 48,83,56,569
- Post-allotment total issued share capital: ₹97,67,13,138
Scheme Details
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 scheme was created to restore value by making fair and reasonable adjustment 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 Information
- ISIN Number of shares: INE1VXE01018
- Distinctive share numbers: 48,82,71,780 to 48,83,56,569
- Exercise price per share: ₹2 (face value)
- Premium per share: None
- The shares are identical in all respects to existing shares
- No lock-in period applies to these shares
- Earnings per share remain unaffected as the quantity of shares allotted is negligible
Filing History
The statement referred to in regulation 10(b) was filed with BSE and NSE on October 28, 2025, with filing numbers BSE – 250146 and NSE - 51607 respectively.