STL Networks Limited (STLNETWORK)

STL Networks Limited has approved the allotment of 84,790 equity shares of face value Rs 2 each under its Special Purpose Employee Stock Option Scheme 2025. The options were exercised at an exercise price of Rs 2 per share, realizing total proceeds of Rs 1,69,580. Following this allotment, the company's total issued share capital increases marginally to 48,83,56,569 shares (amounting to Rs 97.67 crore). The dilution is negligible compared to the total share base and has no material financial impact.

• Allotment of 84,790 equity shares of face value Rs 2 each under SP-ESOS 2025
• Options exercised at an exercise price of Rs 2 per share
• Total money realized from the exercise is Rs 1,69,580
• Total issued share count post-issue reaches 48,83,56,569 shares
• Total issued share capital stands at Rs 97,67,13,138

STL Networks has appointed Kiran Patel as Design & Operations Head-DC (effective October 15, 2026) and Gaurav Barjatiya as Chief Sales & Marketing Officer (effective October 16, 2026). Mr. Patel brings 29 years of experience with past delivery of over 200 MW+ data center capacity, while Mr. Barjatiya brings 17 years of experience and past involvement in scaling a Rs 10,000+ crore order book. The leadership additions target data center expansion and top-line revival for the company, which reported a TTM loss of Rs -99 crore on Rs 945 crore revenue.

• Kiran Patel appointed as Design & Operations Head-DC effective October 15, 2026, bringing 29 years of experience and a track record of delivering 200MW+ data center capacity.
• Gaurav Barjatiya appointed as Chief Sales & Marketing Officer effective October 16, 2026, bringing close to 17 years of experience.
• Mr. Barjatiya previously contributed to building an order book exceeding Rs 10,000 crore at NCC Limited.
• Both executives are inducted as Senior Management Personnel (SMP) in full-time employment.

STL Networks Limited has incorporated a wholly owned subsidiary named 'STL Networks DC Limited' on October 10, 2026. The new entity is formed to establish, operate, and market data centre and telecommunications infrastructure and connectivity solutions. STL Networks holds 100% control with an initial subscription paid-up capital of ₹1,00,000 (50,000 equity shares at ₹2 each). While strategically aligned with digital infrastructure, the immediate financial commitment is negligible relative to the company's ₹2,264 Cr market cap.

• Incorporated wholly owned subsidiary 'STL Networks DC Limited' on October 10, 2026
• Subscribed 100% of initial paid-up capital of ₹1,00,000 in cash
• Capital structure comprises 50,000 equity shares of face value ₹2 per share
• Target operations cover data centre infrastructure, telecom connectivity, and related services

STL Networks Limited has announced the closure of its trading window effective October 1, 2026, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will remain closed for Designated Persons and their immediate relatives until 48 hours after the declaration of the Un-Audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026. The date of the Board Meeting to consider these financial results will be intimated in due course. This is a regular compliance filing ahead of the earnings season.

• Trading window closes starting October 1, 2026
• Closure applies until 48 hours post declaration of Q2 and H1 FY27 results
• Applies to financial results for the quarter and half year ended September 30, 2026
• Board meeting date to consider results will be announced separately

Infomerics Valuation and Rating has assigned a long-term rating of 'IVR A-/Stable' to the ₹250 crore bank loan facilities of STL Networks Limited. The rating rationale highlights strengths including an executable order book of ~₹5,000 crore as of June 30, 2026 (~5.22x FY26 revenue), with ~86% from PSUs and government bodies. However, Infomerics flagged significant credit constraints: consolidated operating revenue declined from ₹1,179.72 crore in FY25 to ₹958.96 crore in FY26, net loss expanded to ₹99.11 crore, total debt increased to ₹934.46 crore, and interest coverage deteriorated to 0.46x.

• Infomerics assigned 'IVR A-/Stable' rating to ₹250.00 crore long-term bank facilities.
• Order book stood at ~₹5,000 crore as of June 30, 2026, representing 5.22x FY26 revenue (~86% from government/PSU clients).
• Consolidated revenue declined to ₹958.96 crore in FY26 (from ₹1,179.72 crore in FY25), with net loss widening to ₹99.11 crore.
• Total debt stood at ₹934.46 crore as on March 31, 2026, with interest coverage weak at 0.46x.
• Working capital cycle stretched to 325 days collection period in FY26, with receivables at ₹990.62 crore.

STL Networks has approved the incorporation of a wholly-owned subsidiary named 'STL Networks DC Limited' to operate in digital infrastructure and data center solutions. The subsidiary will be incorporated with an initial paid-up capital of ₹1,00,000 comprising 50,000 equity shares at ₹2 each. This move signals the loss-making telecom company's (TTM net loss of ₹89 crore) planned foray into managing and operating data centers and connectivity infrastructure. The actual capital outlay will depend on subsequent project announcements.

• Incorporating 100% wholly-owned subsidiary named 'STL Networks DC Limited'
• Initial paid-up capital of ₹1,00,000 divided into 50,000 equity shares of face value ₹2 each
• Focus area includes data centre and telecommunications infrastructure, connectivity services, and solutions
• Subscription to 100% of the initial capital to be made entirely in cash

STL Networks Limited has approved the allotment of 1,63,264 equity shares of face value of ₹2 each on September 15, 2026. The allotment was approved by the Authorization and Allotment Committee pursuant to the exercise of options under the Special Purpose Employee Stock Option Scheme 2025 (SP - ESOS 2025). The shares were issued at the face value exercise price of ₹2 per share.

• Allotment of 1,63,264 equity shares of face value of ₹2 each
• Issued under Special Purpose Employee Stock Option Scheme 2025 (SP - ESOS 2025)
• Exercise price fixed at face value of ₹2 per fully paid-up equity share
• Meeting of the Authorization and Allotment Committee held on September 15, 2026

STL Networks Limited has submitted a response to the National Stock Exchange's surveillance letter dated September 11, 2026, regarding significant price movement in its shares. The company stated that it has disclosed all material events under Regulation 30 of SEBI LODR Regulations. It further confirmed that it is not aware of any unpublished price-sensitive information (UPSI) driving the price or volume activity. The movement is attributed strictly to market conditions and external factors.

• NSE issued a surveillance query Ref. no NSE/CM/Surveillance/17546 dated September 11, 2026
• Company issued formal clarification response on September 15, 2026
• Confirmed zero undisclosed price-sensitive information influencing trading activity
• Clarified share price fluctuations are driven by general market conditions

STL Networks Limited announced that its Authorisation and Allotment Committee has approved the incorporation of a Wholly Owned Subsidiary (WOS) in India. The new entity will focus on establishing, operating, and managing data centre and telecommunications infrastructure, along with connectivity services. The parent company will hold 100% control, subscribing to initial paid-up equity shares at a face value of INR 2 per share in cash. Capital outlay and project timelines have not been disclosed at this stage.

• Board committee approved the proposed incorporation of a 100% Wholly Owned Subsidiary on September 11, 2026
• Focus area includes digital infrastructure, data centre solutions, and telecom connectivity services
• Shares to be subscribed by STL Networks in cash at a face value of INR 2 per share
• Initial authorized or paid-up capital quantum remains not disclosed in the filing

STL Networks Limited concluded its 5th Annual General Meeting on September 08, 2026, where shareholders considered ordinary and special business resolutions. Key items included the adoption of FY26 financial statements, the reappointment of Director Mr. Pravin Agarwal, and the appointment of Mr. Chandrasekhara Rao Battula as Whole-Time Director and Interim CEO. Shareholders also considered approvals for managerial remuneration exceeding 5% of net profit and commission to Non-Executive Independent Directors amid inadequate profits. All resolutions set forth in the AGM notice were deemed approved.

• 5th Annual General Meeting conducted virtually on September 08, 2026, from 10:00 AM to 10:56 AM IST
• Shareholders approved appointment of Mr. Chandrasekhara Rao Battula as Whole-Time Director and Interim CEO
• Approval granted for managerial remuneration exceeding 5% of net profits and director commissions in case of inadequate profits
• Adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026

STL Networks Limited has announced the resignation of Ms. Kuhu Rastogi, Marketing Head designated as Senior Management Personnel (SMP), tendered on September 04, 2026. Her cessation will be effective from the close of business hours on October 31, 2026, as she departs to pursue external opportunities. The company has a market capitalisation of Rs 1,345 Cr and reported TTM revenue of Rs 916 Cr with a net loss of Rs 89 Cr.

• Ms. Kuhu Rastogi tendered resignation as Marketing Head on September 04, 2026
• Last working day designated as October 31, 2026
• Resignation is to pursue professional opportunities outside the organization
• Designation categorized under Senior Management Personnel pursuant to SEBI regulations