Board approves Q1 results and senior management re-designations
STLNETWORK · price
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STL Networks board approved Q1FY27 (quarter ended June 30, 2026) unaudited standalone and consolidated results, reviewed by Price Waterhouse with no qualifications. Two senior management personnel re-designated: Mr. Arun Goyal from Fiber BU-Head to Head Strategy and Business Development; Mr. B Lakshmiraman from Interim Head Technology to Head Technology. No deviation reported in use of Rs 27 Crores raised via preferential warrants. Security cover ratio for NCDs stands at 3.51. 5th AGM fixed for September 8, 2026 via video conferencing. Mr. Kiran Naik re-appointed as Cost Auditor for FY 2026-27.
Routine quarterly outcome. Internal re-designations and cost auditor re-appointment are administrative. No material impact expected on stock.