Sterlite Technologies Limited — Important, 10-04-2025: Updates

The Scheme of Arrangement between Sterlite Technologies Limited (STL) and STL Networks Limited has been sanctioned by the National Company Law Tribunal and became effective on March 31, 2025. Thursday, April 24, 2025, is set as the Record Date to determine eligible equity shareholders of STL entitled to receive equity shares of STL Networks, with a ratio of 1:1 for each share held. Shareholders holding physical equity shares must notify the Registrar and Transfer Agent, Kfin Technologies Limited, with their demat account details by April 22, 2025, to facilitate the electronic issuance of shares. If no details are provided, shares will be placed in a demat suspense account pending verification. This Scheme presents an important restructuring step, potentially enhancing shareholder value as STL retains its focus on growth and operational efficiency.