Sterlite Technologies Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 04, 2026. Further, the company has informed the Exchange regarding voting results.
STLTECH · price
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Sterlite Technologies (STLTECH) held an Extraordinary General Meeting on March 4, 2026, via video conferencing, where shareholders approved two special resolutions with overwhelming majority. The first resolution, to alter the Articles of Association of the Company, was passed with 99.9975% votes in favour (28.87 crore shares) and only 7,239 votes against. The second resolution, to issue warrants convertible into equity shares to Twin Star Overseas Limited (the promoter entity) on a preferential basis, was passed with 99.9497% votes in favour (28.86 crore shares) and 1,45,262 votes against. Out of a total of 220,293 shareholders on the record date (February 25, 2026), 301 members cast their votes representing about 59.16% of total share capital.
While both resolutions passed easily, shareholders should note that the approval to issue convertible warrants to the promoter group on a preferential basis may lead to future equity dilution once these warrants are exercised. The alteration of Articles of Association could also affect shareholder rights or governance norms going forward, depending on what changes were made.