STL Networks Limited has informed the Exchange regarding Change in Auditors of the company.
STLNETWORK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
STL Networks Limited reported audited standalone financial results for FY26 ending March 31, 2026. Total revenue stood at INR 851.17 crores, down from INR 1,059.90 crores in FY25. The company posted a net loss of INR 25.64 crores compared to a net profit of INR 30.92 crores in the prior year. EBITDA dropped to INR 92.97 crores from INR 137.80 crores. The statutory auditors (Price Waterhouse Chartered Accountants LLP) issued an unmodified opinion. The Board also re-appointed KPMG Assurance And Consulting Services LLP as Internal Auditors for FY 2026-27. The company issued NCDs worth INR 250 crores (15,000 NCDs at 10.25% and 10,000 NCDs at 10.35%) during the year. Notably, the headline mentioned 'Change in Auditors' but the actual filing does not disclose any change in statutory auditors—Price Waterhouse continues as the company's auditors.
The stock may face pressure as FY26 performance deteriorated significantly with a net loss and revenue decline of ~20% YoY. However, the clean audit opinion and adequate asset coverage ratios provide some comfort to debenture holders and investors.