Issuance of Corrigendum to the Postal Ballot Notice dated April 18, 2026
STLNETWORK · price
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STL Networks Ltd has issued a Corrigendum to its Postal Ballot Notice dated April 18, 2026. The Stock Exchanges (BSE and NSE) had requested clarifications regarding Item No. 2 of the notice concerning the proposed preferential issue of convertible warrants to Twin Star Overseas Limited, the promoter of the Company. As a response, the Company obtained a revised Valuation Report covering fair value calculations under Asset, Income, and Market approaches. Importantly, there is no change in the floor price (Rs. 23.8 per Warrant) or issue price (Rs. 24 per Warrant), which comply with SEBI ICDR Regulations, 2018. The Corrigendum is being sent electronically to shareholders whose emails are registered with the Company.
The Corrigendum provides additional transparency on the valuation methodology for the proposed preferential issue to the promoter. Since pricing remains unchanged, existing shareholders face potential dilution when warrants are converted into equity shares.