ALFA Filings
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The High Court directed authorities to release Rs. 5.25 Crore to the company following a writ petition. The company also retains liberty to address a Rs. 3.78 Crore bank guarantee issue.
STL Networks Limited informed that the High Court directed the release of ₹5.25 Crore, following a favorable order in a litigation involving its demerged business vertical.
STL Networks received a favorable order setting aside a Rs. 6.06 Crore CGST demand. The ruling relates to its demerged Global Services Business vertical.
STL Networks Limited reported that the Delhi High Court dismissed its petition against BSNL. Management is currently evaluating options to appeal the court's order.
STL Networks Limited submitted its Annual Secretarial Compliance Report for FY2026. The report notes that NSE imposed a ₹0.01 Crore fine for delayed compliance with Regulation 23(9) during the September 2025 quarter, which the company has since paid. The company remains compliant with other SEBI listing regulations.
STL Networks Limited subsidiary Clearcomm Group Limited settled a £543,501 breach of contract claim with Comex 2000 (UK) Limited for £25,000 (₹0.31 Crore). The UK High Court subsequently dismissed the claim with no order as to costs, resulting in no significant financial impact on the company.