ALFA Filings
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STL Networks provided a clarification regarding its preferential issue proceeds. Unutilized funds will be parked in permitted instruments like money market funds and fixed deposits.
STL Networks received ₹27 Crore from promoter Twin Star Overseas Limited towards a preferential warrant issue. This payment represents 25% of the total ₹108 Crore subscription.
STL Networks Limited's board approved a preferential issue of 4.5 crore convertible warrants to Twin Star Overseas Ltd for ₹108 Crore. Each warrant, priced at ₹24, is convertible into one equity share within 18 months. This capital infusion will increase the allottee's holding from 42.91% to 47.73%.
STL Networks Ltd approved a preferential issue of 4.5 crore convertible warrants to its promoter, Twin Star Overseas Limited, at ₹24 per warrant. The ₹108 Crore fundraise aims to strengthen the company's capital base. Warrants are exercisable into equity shares within 18 months of allotment, potentially increasing promoter stake from 42.91% to 47.73%.
STL Networks Limited has scheduled a board meeting for April 18, 2026, to consider a proposal for fundraising through a preferential issue. The company's trading window is closed from April 13 to April 21, 2026, in accordance with SEBI Insider Trading regulations.
STL Networks Limited has scheduled a board meeting for April 18, 2026, to consider a fund-raising proposal via a preferential issue. The company's trading window is closed from April 13 until April 21, 2026, in accordance with insider trading regulations.