Monitoring agency report for the quarter ended June 30, 2026

www.stl.tech July 24, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Phirozee Jeejeebhoy Towers, Plot No. C-1, G Block, Dalal Street, Bandra Kurla Complex, Bandra (East) Mumbai - 400 001. Mumbai - 400 051. Scrip ID - STLTECH Scrip Code – 532374 Sub.: Report of Monitoring Agency for the quarter ended June 30, 2026 Dear Sir/Madam, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the report received from CARE Ratings Limited, a Monitoring Agency appointed towards utilization of proceeds of Preferential Issue for the quarter ended June 30, 2026. Kindly take this on record. Thanking you. Yours sincerely, For Sterlite Technologies Limited Mrunal Asawadekar Company Secretary & Compliance Officer Membership No.: A 24346 Enclosure: As above Sterlite Technologies Limited R egistered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408 No. CARE/ARO/GEN/2026-27/1100 The Board of Directors Sterlite Technologies Limited 4th Floor, Godrej Millennium, 9, Koregaon Road, Pune, Maharashtra-411 001 July 23, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential warrants issue of Sterlite Technologies Limited (“the Company”) We write in our capacity of Monitoring Agency for the Preferential Issue for the amount aggregating to Rs. 498.30 crore of the Company and refer to our duties cast under 162A of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated March 11, 2026, and April 23, 2026. Request you to kindly take the same on records. Thanking you, Yours faithfully, Rabin Bihani Associate Director rabin.bihani@careedge.in CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Report of the Monitoring Agency Name of the issuer: Sterlite Technologies Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: NIL (b) Range of Deviation: Not applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Rabin Bihani Designation of Authorized person/Signing Authority: Associate Director CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 1) Issuer Details: Name of the issuer : Sterlite Technologies Limited Name of the promoter : Twin Star Overseas Industry/sector to which it belongs : Optical Fiber & Cable Manufacturing 2) Issue Details Issue Period : Within 18 months from date of allotment of warrants (March 30, 2026) Type of issue (public/rights) : Preferential Issue Type of specified securities : Convertible Warrants IPO Grading, if any : Not applicable Issue size (in crore) : Rs. 498.30 crore* * The offer comprises 4,53,00,000 convertible warrants, each convertible into or exchangeable for 1 fully paid up equity share of the company of face value of Rs.2 each at an issue price (including warrant subscription price and warrant exercise price) of Rs.110 per warrant, aggregating to Rs.498.30 crore for cash consideration by way of preferential allotment through private placement to Twin Star Overseas Limited, promoter of the company. In case the warrants are not exercised within 18 months from the date of allotment, such unexercised warrants shall lapse and the amount paid at time of subscription on such unexercised warrants shall stand forfeited. On March 30, 2026, the authorization and allotment Committee approved the allotment of 4,53,00,000 warrants to Twin Star Overseas Limited on a preferential basis at an issue price of Rs.110 per warrant, after receipt of the stipulated upfront amount of 25% of the issue price, i.e. Rs.27.50 per warrant, aggregating to Rs.124.58 crore. The balance 75% of the warrant issue price, i.e. Rs.82.50 per warrant, is payable at the time of exercise of the right attached to the warrants. The warrants may be exercised in one or more tranches within 18 months from the date of allotment by giving written notice to the company specifying the number of warrants proposed to be exercised along with the aggregate amount payable thereon. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Monitoring Agency Board of Directors preparation of report Whether all utilization is as per the disclosures in the Offer Yes CA certificate*, Management certificate No comments - Document? Whether shareholder approval has been obtained in case of material deviations# from expenditures disclosed in the Offer CA certificate, Management certificate There is no material deviation - applicable Document? There is no change in means of Whether the means of finance for the disclosed objects of the No CA certificate, Management certificate finance towards the disclosed - issue have changed? objects. Is there any major deviation observed over the earlier monitoring No Last monitoring agency report for Q4FY26 No comments - agency reports? Source of information / certifications Comments of the Comments of the Particulars Reply considered by Monitoring Agency for Monitoring Agency Board of Directors preparation of report Whether all Government/statutory approvals related to the Not CA certificate, Management certificate - - object(s) have been obtained? applicable Whether all arrange [Showing first 8,000 characters — download PDF for full document]