STL Networks Ltd. Announces Board Decisions and Postal Ballot Notice
Mumbai – March 26, 2026 – STL Networks Ltd. announced today that its Board of Directors met on March 26, 2026, commencing at 7:15 PM and concluding at 8:30 PM.During the meeting, the Board approved the Notice of Postal Ballot for several items of business, including entering into material related party transactions with Sterlite Technologies Limited and Sterlite Tech Cables Solutions Limited, both fellow subsidiaries.
The Board also approved the exercise of the Company's borrowing powers under section 180 (1)(c) of the Companies Act, 2013, and the creation of charges on the movable and immovable properties of the company, both present and future, in respect of borrowings under section 180 (1)(a) of the Companies Act, 2013. Additionally, the Board authorized investing funds of the company in excess of the limits prescribed under section 186 of the Companies Act, 2013.
The Notice of Postal Ballot will be circulated to members within the prescribed timelines. Further details will be available on the Company's website at https://inveniatech.com/.
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