STL Networks Ltd Allots 28,187 Equity Shares Following ESOP Exercise
STL Networks Limited announced the allotment of equity shares following the exercise of options under its Special Purpose Employee Stock Option Scheme 2025 (SP-ESOS 2025). The decision was approved by the Company's Authorization and Allotment Committee during a meeting held on July 21, 2026.Under the scheme, a total of 28,187 equity shares were allotted to employees upon exercising their options granted under SP-ESOS 2025. These newly issued equity shares have a face value of ₹ 2 each.
The exercise of these employee stock options resulted in the realization of ₹ 56,374 for the company. Each stock option is convertible into one fully paid up equity share with a face value of ₹ 2.
Key Transaction Details
The following table details the outcome of the shares allotment against the Special Purpose Employee Stock Option Scheme:| Particulars | Detail |
|---|---|
| Shares Allotted | 28,187 Equity shares |
| Face Value per Share | ₹ 2 |
| Total Money Realized | ₹ 56,374 |
| Options Exercised | 28,187 |
Scheme Context and Capital Structure
The SP-ESOS 2025 was formulated as part of a scheme to restore value, stemming from a Scheme of Arrangement between Sterlite Technologies limited (the Demerged Company) and STL Networks Limited (the Resulting Company).Details provided for the issuance, including the share kind and par value, are summarized below:
| Metric | Detail |
|---|---|
| Stock Exchanges | BSE and NSE |
| Date of Share Issue | July 21, 2026 |
| Shares Issued in this Allotment | 28,187 Equity shares |
| Total Issued Shares Post-Issue | 48,81,04,687 |
| Total Issued Capital Post-Issue | 97,62,09,374 |
The allotted shares are identical in all respects to the company's existing shares. The registered office of STL Networks Limited is located at 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra-411001.
STLNETWORK Stock Price Movement
Today, shares of STL Networks Limited edged higher to close at ₹24.68, marking a solid 1.93% gain. The stock witnessed brisk activity during trading, with a total traded volume reaching 194,482 shares.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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