Sterlite Technologies (STL) has announced that its Board of Directors will meet on February 7, 2026, to consider a proposal for raising funds. The potential fund raise would be executed through the issuance of equity shares, warrants, or convertible securities via preferential issue to promoters/promoter group entities. The proposed issuance is subject to necessary regulatory and statutory approvals.
Board Meeting Scheduled
The Board of Directors of Sterlite Technologies (STL) will convene on Saturday, February 7, 2026, to evaluate a proposal for raising capital.
Potential Fund Raising Details
The proposal involves the potential issuance of equity shares, warrants, or convertible securities on a preferential basis to promoters and promoter group entities. This matter will be thoroughly discussed and considered during the board meeting. The fundraise will be subject to regulatory approvals.
Trading Window Closure
The trading window for dealing in the company’s securities has been closed for all designated persons and their immediate relatives, effective immediately. This closure will remain in effect until February 09, 2026 (inclusive).
Source: BSE
