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STLTECHNSESterlite Technologies LimitedHighNeutral
Announced Fri, 16 May, 2025 · 15:30 IST

Sterlite Technologies Limited has informed the Exchange about change in Management1. Re-appointment of Mr. Pravin Agarwal as Whole-time Director of the Company 2. Appointment of Mr. Ajay Jhanjhari as an Interim Chief Financial Officer 3. Appointment Secretarial Auditors -4. Resignation of Ms. Anjali Byce, Chief Human Resources Officer

Key managerial personnel resignedManagement Changes View source PDFExplain this filing

STLTECH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
-5.0%Reaction day
₹76.30
prior close
₹75.62
announcement price
After-mkt
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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.2%-6.2% vs market

On the reaction day the stock moved 6.2 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
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30m
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Sessions after the filingfrom the prior close
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Reaction day
-5.0+1.2-6.2
Next day
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+40.9+1.6+39.3
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+53.4+7.7+45.7
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+79.6+4.0+75.6
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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sterlite Technologies' board, at its May 16, 2025 meeting, approved several leadership changes. Mr. Pravin Agarwal, the current Vice Chairman and Whole-time Director (and part of the promoter family), has been re-appointed for another 5-year term from October 30, 2025 to October 29, 2030, subject to shareholder approval. Mr. Ajay Jhanjhari, a Chartered Accountant with 15+ years of internal experience at STL, has been named Interim Chief Financial Officer effective immediately. Separately, Ms. Anjali Byce, Chief Human Resources Officer, has resigned to pursue opportunities outside the company after roughly 6.5 years and will be relieved on July 11, 2025. The board also appointed M/s. J B Bhave & Co as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30).

Likely market impact

The re-appointment of promoter Pravin Agarwal ensures leadership continuity but keeps top oversight within the promoter family, while the interim CFO tag signals a transitional phase at the finance helm worth monitoring. The CHRO exit is a senior-level people departure that investors may track for any deeper management churn.