STL Networks Limited has informed the Exchange about General Updates
STLNETWORK · price
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STL Networks Limited has issued a corrigendum to its Postal Ballot Notice regarding the proposed preferential issue of warrants convertible into equity shares. The warrants will be issued to Twin Star Overseas Limited (promoter group) at Rs. 24 per warrant with a floor price of Rs. 23.8. The Stock Exchanges (BSE and NSE) had requested additional clarification on the valuation, prompting the company to obtain a revised valuation report covering Asset, Income, and Market approaches. The valuation was performed by independent registered valuer Mr. Aditya Chokhra. Importantly, there is no change in the floor price or issue price of the warrants.
The preferential issue increases promoter holding and provides capital to the company. The unchanged pricing suggests no dilution concerns beyond what was originally disclosed. Shareholders should note the enhanced valuation disclosure when voting on the postal ballot.