NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company20 Aug 2026 · 20 Aug 2026, 07:16 pm

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

STL Networks Limited · STLNETWORK

✦ AI SummaryLitigation

STL Networks Limited has informed the Exchange about the update on pending litigations/disputes, specifically a writ petition filed by Sterlite Technologies Limited against the State of Andhra Pradesh, Kakinada Smart City Corporation Limited and others, which has been partly allowed by the Hon'ble High Court of Andhra Pradesh at Amaravati.

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Growth Catalyst1/10
Governance Concern1/10
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Market Sentiment4/10

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STL Networks Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

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August 20, 2026 Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Dalal Street, C-1, Block G, Bandra -Kurla Complex Mumbai - 400001 Bandra (East), Mumbai- 400051 Scrip Code: 544395, 977344 and 977517 Scrip Symbol: STLNETWORK Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Dear Sir/ Madam, In accordance with Regulation 30 read with Para B of Part A of Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, we wish to inform the Stock Exchanges about the update on pending litigations/disputes. We hereby inform you that the Hon’ble High Court of Andhra Pradesh at Amaravati, has partly allowed the writ petition filed by Sterlite Technologies Limited in relation to the contract for development and implementation of Smart City Solutions in Kakinada. The requisite information in this regard is given as “Annexure-A”. You are requested to take the same on your record. Thanking You, For STL Networks Limited Meenal Bansal Company Secretary and Compliance Officer Membership No.- ACS 35091 Encl: a/a Annexure A Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) S. No. Particulars Details A The details of any change in the status The Hon'ble High Court of Andhra Pradesh at and / or any development in relation to Amaravati, vide order passed by Hon'ble Justice Sri such proceedings Harinath N. in Writ Petition No. 39920 of 2022, has partly allowed the writ petition filed by Sterlite Technologies Limited against the State of Andhra Pradesh, Kakinada Smart City Corporation Limited and others, in relation to the Contract for Development and Implementation of Smart City Solutions in Kakinada dated June 30, 2017. The Hon'ble Court has directed Respondents, as specified in the above mentioned writ petition, to verify and release the approved and admitted amount of Rs. 5,25,00,000/- (Rupees Five Crore Twenty Five Lakh only) to the Petitioner within a period of twelve (12) weeks from the date of receipt of the order, with no order as to costs. The petitioner has been granted liberty to separately raise its grievance regarding encashment of the bank guarantee amounting to Rs. 3.78 Crores, by invoking the dispute resolution clause under the contract. b In the case of litigation against key Not Applicable management personnel or its promoter or ultimate person in control, regularly provide details of any change in the status and / or any development in relation to such proceedings; c In the event of settlement of the Not Applicable, as the matter has been decided by the proceedings, details of such settlement Hon'ble High Court by way of a judicial order and does including -terms of the settlement, not pertain to a settlement of the proceedings compensation/penalty paid (if any) and impact of such settlement on the financial position of the listed entity The said notice has been issued in the name of Sterlite Technologies Limited. The case details mentioned hereinabove pertain to the Global Services Business vertical of Sterlite Technologies Limited which has been demerged into STL Networks Limited with effect from close of business hours of March 31, 2025.