STL Networks Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 30, 2025. Further, the company has informed the Exchange regarding voting results.
STLNETWORK · price
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STL Networks Limited held its 4th AGM on September 30, 2025, via video conferencing, and all 13 resolutions were passed. Key items approved include adoption of FY25 audited financial statements, re-appointment of Mr. Ankit Agarwal as Director, appointment of three new Independent Directors (Mr. Dindayal Jalan, Ms. Kumud Madhok Srinivasan, Mr. Bangalore Jayaram Arun), and appointment of Mr. Pravin Agarwal as Chairman and Non-Executive Director. Shareholders also approved material related party transactions with Sterlite Technologies Limited and Sterlite Tech Cables Solutions Limited (promoters abstained as interested parties), and the appointment of Mr. Pankaj Malik as Whole-Time Director and CEO with increased remuneration. The new ESOS Scheme 2025 for granting employee stock options was approved, though it saw notable dissent from public institutional investors (41.44% voted against).
All resolutions passed comfortably, indicating broad shareholder support for management's proposals. The ESOS scheme, while approved, faced meaningful pushback from institutional investors, which investors should monitor for any future dilution concerns. No negative governance flags — this is a routine regulatory disclosure.