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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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.