BSECompany Update3d ago · 24 Jul 2026, 03:12 pm
Statement of deviation in the use of proceeds raised through preferential issue for quarter ended June 30, 2026
Sterlite Technologies Ltd · 532374
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Sterlite Technologies Ltd has filed a statement of deviation in the use of proceeds raised through a preferential issue for the quarter ended June 30, 2026, stating that there is no deviation or variation in the utilisation of these proceeds.
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Sterlite Technologies Ltd - 532374 - Regulation 32 - Statement Of Deviation Of Issue Proceeds
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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.: Statement of deviation or variation in the use of proceeds raised through Preferential Issue
Dear Sir/Madam,
Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
we hereby confirm that there is no deviation or variation in the use of proceeds raised through Preferential
Issue of Warrants from the objects stated in the EGM Notice for Preferential Issue. A statement
confirming that there is no deviation or variation in the utilisation of these proceeds for the quarter ended
June 30, 2026 is enclosed herewith as “Annexure A”.
Kindly take this declaration on record. Thanking you.
Yours sincerely,
For Sterlite Technologies Limited
Mrunal Asawadekar
Company Secretary & Compliance Officer
Membership No.: A 24346
Sterlite Technologies Limited
R egistered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India.
CIN - L31300PN2000PLC202408
www.stl.tech
Annexure A
Statement of Deviation / Variation in utilisation of funds raised
Name of listed entity Sterlite Technologies Limited
Mode of Fund Raising Warrants convertible into Equity Shares on
Preferential Basis
Date of Raising Funds March 30, 2026 (Being date of allotment)
Amount Raised Rs. 1,24,57,50,000 (25% of the price at which the
warrants are issued)
Report filed for Quarter ended June 30, 2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
Is there a Deviation / Variation in use of funds No
raised
If yes, whether the same is pursuant to change Not Applicable
in terms of a contract or objects, which was
approved by the shareholders
If Yes, Date of shareholder Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review No
Comments of the auditors, if any No
Objects for which funds have been raised and where there has been a deviation/ variation, in the
following table:
Original Object Modified Original Funds Amount of Remarks
Object, if Allocation Utilised* Deviation/Variation if any
any for the quarter
according to
applicable object
Repayment/ Servicing of Not 373.73 113.3 Not Applicable -
financial facilities availed Applicable Crores
by the Company
General Corporate Not 124.57 13.28 Not Applicable -
Purposes Applicable Crores
*The Company has received Rs. 124.57 crore i.e., 25% of the Warrant Issue Price (Rs.110/-per Warrant)
at the time of subscription in Q4FY26, i.e. till March 31, 2026. No funds are received during Q1FY27.
Amount mentioned under 'Fund utilized' is overall utilization of funds till quarter ended June 30, 2026.
And no amount was utilized during the current quarter June 30, 2026.
Sterlite Technologies Limited
R egistered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India.
CIN - L31300PN2000PLC202408