Sterlite Technologies Ltd

Sterlite Technologies Limited announced an update on ongoing litigation, reporting that the Department of Telecommunications (DoT) initially issued a demand notice for Rs 8.56 Crores in August 2020, alleging a violation of the terms of its IP-I Registration; however, the company successfully secured an arbitral award dated May 17, 2023, which quashed the demand, and the Hon’ble High Court of Delhi subsequently dismissed DoT’s petition challenging the award, resulting in zero financial or operational exposure for the company.

Sterlite Technologies Limited announced it has received an international order from a leading telecom infrastructure company for a long-term supply agreement of high-density optical fiber cable, spanning the calendar years 2027-2029, with a broad consideration of approximately USD 210 million. The company disclosed the information on August 5, 2026, in compliance with SEBI Listing Regulations, noting that neither the promoter group nor any group companies have an interest in the entity awarding the order, and the transaction does not constitute a related party transaction.

Net profit of Sterlite Technologies rose 1870.00% to Rs 197.00 crore in the quarter ended June 2026 as against Rs 10.00 crore during the previous quarter ended June 2025. Sales rose 87.44% to Rs 1910.00 crore in the quarter ended June 2026 as against Rs 1019.00 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales1910.001019.00 87 OPM %20.1612.95 - PBDT342.0090.00 280 PBT257.0013.00 1877 NP197.0010.00 1870 Powered by Capital Market - Live

Sterlite Technologies announced that the Annual General Meeting(AGM) of the company will be held on 19 August 2026.

Sterlite Technologies will hold a meeting of the Board of Directors of the Company on 24 July 2026.

Sterlite Technologies has allotted 15,107 equity shares under ESOS on 10 July 2026. With this allotment, the paid up equity share capital has increased to 51,39,11,242 equity shares.

Sterlite Technologies Ltd fell 3.53% today to trade at Rs 570. The BSE Telecommunication index is down 0.71% to quote at 3602.85. The index is up 0.56 % over last one month. Among the other constituents of the index, HFCL Ltd decreased 2.97% and GTL Infrastructure Ltd lost 0.72% on the day. The BSE Telecommunication index went up 12.98 % over last one year compared to the 7.58% fall in benchmark SENSEX. Sterlite Technologies Ltd has lost 3.61% over last one month compared to 0.56% gain in BSE Telecommunication index and 3.26% rise in the SENSEX. On the BSE, 12863 shares were traded in the counter so far compared with average daily volumes of 2.54 lakh shares in the past one month. The stock hit a record high of Rs 684.45 on 05 Jun 2026. The stock hit a 52-week low of Rs 84.65 on 27 Jan 2026.Powered by Capital Market - Live

Sterlite Technologies announced the closure of its QIP issue and approved the allotment of 2,57,28,500 equity shares at an issue price of Rs 583.01 per equity share (including a premium of Rs 581.01 per equity share), which is at a discount of 5% to the floor price of Rs 613.69 per equity share (amounting to Rs 30.68 per equity share).

The company's Authorization and Allotment Committee approved the opening of the issue on 24 June 2026. The floor price of Rs 613.69 is at a premium of 5.16% to the scrip's previous closing price of Rs 583.60 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the bookrunning lead managers appointed for the issue. Sterlite Technologies provides advanced connectivity solutions and offers end-to-end products and services for AI-ready infrastructure, FTTx, rural broadband, enterprise and data centre networks. On a consolidated basis, the company reported a net profit of Rs 59 crore in Q4 FY26 compared with a net loss of Rs 40 crore in Q4 FY25. Revenue from operations increased 36.98% year-on-year to Rs 1,441 crore during the quarter.Powered by Capital Market - Live

Sterlite Technologies launched the qualified institutional placement offer on 24 June 2026 with floor price of Rs 613.69 per equity share of face value of Rs 2 each.