Sterlite Technologies Limited (STL) announced that the Hon’ble High Court of Andhra Pradesh at Amaravati has partially allowed a writ petition concerning the contract for Smart City Solutions in Kakinada. This legal matter relates to the company’s former Global Services Business, now demerged into STL Networks Limited as of March 31, 2025. Any contingent gain or benefit from this resolution now pertains to STL Networks Limited.
Partial Legal Resolution for Kakinada Smart City Contract
Sterlite Technologies Limited (STL) has disclosed a significant development regarding a writ petition filed against the State of Andhra Pradesh and others. The Hon’ble High Court of Andhra Pradesh at Amaravati has partially allowed the petition, which pertains to a contract for the development and implementation of Smart City Solutions in Kakinada. This matter was originally associated with STL’s Global Services Business.
Demerger Impact and Current Ownership
It is important to note that STL’s Global Services Business was demerged into its subsidiary, STL Networks Limited, effective from the close of business hours on March 31, 2025, following an approved Scheme of Arrangement by the Hon’ble National Company Law Tribunal, Mumbai. Consequently, any potential contingent gain or benefit arising from this legal matter now resides with STL Networks Limited.
STL Networks Limited has independently filed the necessary disclosure regarding this development with BSE Limited and the National Stock Exchange of India Limited on August 20, 2026.
Source: BSE
