STL Networks Ltd

📢 STL Networks Seeks Shareholder Approval for Key Changes via E-Voting

- Seeking approval for two special resolutions: alteration of Articles of Association and issuance of warrants convertible to equity shares.

- E-voting period: April 20, 2026, 10:00 AM IST to May 19, 2026, 5:00 PM IST, managed by KFin Technologies Limited.

- Eligible voters: Shareholders as of April 10, 2026, with voting rights proportional to shareholding.

- Item 1: Amend Articles to enable issuance of various securities, including warrants, and clarify terms for non-cash payments and security types.

- Item 2: Issue up to 4,50,00,000 warrants to Twin Star Overseas Limited (a promoter) at ₹24 per warrant, convertible into equity shares, raising up to ₹108 crore.

- Warrant terms: 25% payment upfront, 75% upon conversion, with an 18-month conversion period and lock-in provisions per SEBI regulations.

- Results will be announced within two working days after e-voting ends and published on the company's website and stock exchanges.