STL Networks Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
STLNETWORK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
STL Networks Limited has completed a postal ballot voting process for 5 resolutions, with all passing as of May 8, 2026. The key resolutions included: (1) Material related party transactions with Sterlite Technologies Limited passed with 56.88% in favour (43.12% against), with significant opposition from public institutions; (2) Material related party transactions with Sterlite Tech Cables Solutions Limited passed with overwhelming 99.51% approval; (3) Borrowing powers under Section 180(1)(c) passed with 99.93% in favour; (4) Creation of charges on company properties for borrowings passed with 99.93% in favour; (5) Investment of funds beyond Section 186 limits passed with 91.43% in favour. Promoters abstained from voting on related party resolutions as expected. The scrutinizer, CS Debasis Dixit, certified all voting results as valid and transparent.
All resolutions approved gives management flexibility to raise debt and make investments beyond statutory limits. The narrow 57% approval for Sterlite Technologies related party transaction signals some shareholder concerns about related party dealings, though the transaction is legally approved.