STL confirms no deviation in preferential warrant proceeds usage
STLTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sterlite Technologies filed the Q1FY27 statement confirming no deviation in use of proceeds raised through preferential warrants allotted on March 30, 2026. The company received Rs. 124.57 crore upfront, equal to 25 percent of the warrant issue price of Rs. 110 per warrant. Cumulative utilisation till June 30, 2026 stands at Rs. 113.3 crore for repaying financial facilities and Rs. 13.28 crore for general corporate purposes. No funds were used during the current quarter. CARE Ratings is the monitoring agency.
Routine compliance filing. No action needed. Confirms proceeds are being used as originally disclosed, mainly for debt repayment.