STL Networks Limited Issues Corrigendum Regarding Postal Ballot Notice for Preferential Issue
STL Networks Limited released a Corrigendum to its Notice of Postal Ballot on May 14, 2026, providing additional information regarding a proposed preferential issue to the company’s promoter.The Corrigendum was issued following requests from the Stock Exchanges for clarification concerning the proposed preferential issue, specifically the issuance of warrants convertible into Equity Shares to Twin Star Overseas Limited, the promoter of the company. This additional information serves as a continuation of the original Postal Ballot Notice, which was initially dispatched to members on April 19, 2026.
The key update provided in the Corrigendum is the release of a revised Valuation Report dated April 18, 2026. This report covers the calculation of the fair value per share using three distinct valuation approaches: the Asset Approach, the Income Approach, and the Market Approach.
According to the company, while the revised valuation report was issued, there remains no change to the established financial parameters for the warrants.
The financial details concerning the warrants are summarized below:
| Parameter | Value | Detail |
|---|---|---|
| Floor Price per Warrant | Rs. 23.8 | Rupees Twenty-three and Eight Paise only |
| Issue Price per Warrant | Rs. 24 | Rupees Twenty-four only |
These prices were determined in accordance with Chapter V of the SEBI ICDR Regulations, 2018. The valuation report itself was issued by Mr. Aditya Chokhra, an independent registered valuer.
The company confirmed that this Corrigendum is meant to be read in conjunction with the original Notice of Postal Ballot, and the details presented herein form an integral part of the complete notice.
STLNETWORK Stock Price Movement
Today, STL Networks Limited shares edged higher to close at ₹27.69, marking a gain of 6.27% as the stock found support after settling at the session's close. The positive momentum was underpinned by substantial activity, with 8.30 million shares traded throughout the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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