Outcome of Postal Ballot
STLNETWORK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
STL Networks Ltd conducted a postal ballot through remote e-voting, with shareholders approving two special resolutions. First, alteration of the Articles of Association passed with 99.98% majority (237.4 million votes for vs 36,562 against). Second, issuance of warrants convertible into equity shares to Twin Star Overseas Limited (promoter) on preferential basis passed with 95.70% majority (227.2 million votes for vs 10.2 million against). The e-voting period ran from April 20 to May 19, 2026, with 569 and 555 members voting on the respective resolutions.
The preferential warrant issuance to the promoter will result in equity dilution when warrants are converted. Shareholders approved the Articles amendment with near-unanimous support, indicating strong backing for both corporate governance changes and promoter-level investment.