STL Networks Limited has announced the outcome of its Board of Directors meeting held on April 18, 2026. The primary resolutions included the alteration of the company’s Articles of Association (AOA) and the approval of a preferential issue of convertible warrants. The meeting commenced at 6:30 pm and concluded by 7:00 pm on the same day.

The Board has approved the issuance of up to 4,50,00,000 convertible warrants on a preferential basis to Twin Star Overseas Limited, the promoter of the company. These warrants are priced at Rs. 24 each, representing a total issue size of up to Rs. 108 Crores. Each warrant is convertible into one equity share of a face value of Rs. 2 at a premium of Rs. 22 per share. The conversion can be exercised in one or more tranches within 18 months from the date of allotment. Additionally, the AOA will be amended to incorporate specific clauses related to the issuance of these securities and other ancillary matters, subject to shareholder approval.

STL Networks Limited, part of the Vedanta Group, operates in the telecommunications and digital infrastructure sector, providing advanced connectivity solutions globally. The company specializes in building AI-ready infrastructure, data center networks, and fiber network services. In late 2025, STL demonstrated strong momentum with key project wins, including multimillion-dollar engagements for cloud-based client connectivity and partnerships for full-fiber network rollouts in the UK. Significant updates from 2025 also included the launch of an AI Center of Excellence and pioneering research in quantum communications over optical fiber.

For the quarter ended December 31, 2025 (Q3 FY26), STL Networks reported a total income of Rs. 337.59 Crores. This reflects a robust 45.6% increase from the previous quarter’s income of Rs. 231.94 Crores and a 17.5% growth compared to the corresponding quarter last year (Q3 FY25), which was Rs. 287.37 Crores. Despite the revenue growth, the company posted a net loss of Rs. 10.51 Crores for the quarter, though this was an improvement from the Rs. 19.29 Crore loss in the previous quarter and the Rs. 16.98 Crore loss in Q3 FY25. Notable investors as of December 2025 include Life Insurance Corporation (LIC), which held a stake valued at approximately Rs. 14.39 Crores.