Sterlite Technologies Limited. — Annual Report 2022

Apr 28, 2022

www.stl.tech

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April 28, 2022

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National Stock Exchange of India Limited

BSE Limited Phirozee Jeejeebhoy Towers, Dalal Street, Mumbai ‐ 400 001.

Exchange Plaza, 5[th] Floor, Plot No. C‐1, G Block, Bandra Kurla Complex, Bandra (East) Mumbai ‐ 400 051.

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Sub.: Outcome of Board Meeting ‐ Intimation under Regulations 30, 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”)

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Ref.: Scrip ID ‐ STLTECH/ Scrip Code ‐ 532374

Dear Sir/Madam,

With reference to our letter dated April 19, 2022, we wish to inform you that the Board of Directors of Sterlite Technologies Limited (the “Company”), at its meeting held today i.e. on April 28, 2022, has approved, inter alia, the following:

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1. The Audited Financial Results (Standalone and Consolidated) of the Company for the financial year ended March 31, 2022;

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The Statutory Auditors of the Company, M/s. Price Waterhouse Chartered Accountants LLP, have issued an Audit Report on the Audited Financial Results of the Company (Standalone and Consolidated) for the year ended March 31, 2022, with an unmodified opinion.

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1. Recommendation of final dividend of 25% (Rs. 0.50/‐ per Equity Share of Rs. 2/‐ each of the Company) for approval by the shareholders of the Company. The final dividend, if declared at the Annual General Meeting (the “AGM”) will be paid within the statutory time limits.

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1. Re‐appointment of Mr. Sandip Das (DIN 00116303) as an Independent Director for a period of 2 years from October 16, 2022 to October 15, 2024, subject to the approval of shareholders at the ensuing AGM. The re‐ appointment has been recommended by the Nomination and Remuneration Committee of the Board.

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1. Recommended, the re‐appointment of Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/N500016) (‘PWC’) as the statutory auditors of the Company under Section 139 of the Companies Act, 2013 subject to the approval of shareholders of the Company. PWC will hold office for second term of five consecutive years commencing from the conclusion of ensuing AGM of financial year 2022‐23 and ending with the financial year 2026‐27.

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1. Subject to the approval of the shareholders of the Company at the ensuing the AGM, and subject to such regulatory/statutory approvals as may be required, the Board at its meeting today, also approved, raising of funds, inter alia, by issue of equity shares, any financial instruments and/or security convertible into‐equity shares, combination of such securities by way of one or more public and/or private offerings, qualified institutions placements and/or preferential allotments and/or rights

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Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408

www.stl.tech

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offering or any combination thereof or any other method in accordance with the provisions of applicable laws, for an aggregate consideration of up to Rs. 1000 crores.

In this regard, please find enclosed herewith:

• i. Press Release

• ii. Investors Presentation on Financial Results;

• iii. Audited Consolidated and Standalone Financial Results;

• iv. Independent Auditors’ Report on the Statement of Consolidated and Standalone Financial Results;

• v. Declaration on unmodified opinion, pursuant to Regulation 33(3)(d) of the Listing Regulations; and

• vi. Disclosure pursuant Schedule III of Listing Regulations for changes in Directors

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We request you to take the aforesaid on records.

Thanking you.

Yours faithfully,

For Sterlite Technologies Limited

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Amit Deshpande

Corporate General Counsel & Company Secretary (ACS 17551)

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Enclosure: As above

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Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408

www.stl.tech

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Disclosure required pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III read with SEBI circular no. CIR/CFD/CMD/4/2015 dated 9th September, 2015

	September, 2015
		Information Re‐appointment of Mr. Sandip Das (DIN 00116303) as a Non‐executive Independent Director, subject to approval of the Shareholders. For a term of 2 years effective October 16, 2022 upto October 15, 2024 Sandip Das is one of Asia’s most respected telecommunications professionals and an acclaimed Chief Executive. He was listed among the top 100 Globally Most Powerful Leaders in Telecom by Global Telecom magazine for four years. He is currently an independent Board Director for Greenlam Industries, Senior Advisor to Analysys Mason, Advisor to a UK‐based investment company, reputation management firm Astrum, Mentor to C‐Suite executives, Member National Board Council (Russell Reynolds), besides consulting for investment companies. He was formerly the MD & CEO of Reliance Jio, Group CEO and Executive Director of Maxis Communications Berhad, Malaysia and CEO & Board Director of Hutchison Essar Telecom, India (Orange, Hutch). He holds a BE degree in Mechanical Engineering from NIT Rourkela, an MBA in Marketing from Faculty of Management Studies (FMS), University of Delhi and an Advanced Management Program alumni from Harvard Business School. Mr. Sandip Das is not related to any other director on the Board of Directors and is not debarred from holding the office of Director by virtue of any order of SEBI or any other such authority.
	Particulars	Information
	Reason for Change viz. appointment, resignation, removal, death or otherwise;	Re‐appointment of Mr. Sandip Das (DIN 00116303) as a Non‐executive Independent Director, subject to approval of the Shareholders.
	Date of Appointment/ Cessation (as applicable) & term of Appointment	For a term of 2 years effective October 16, 2022 upto October 15, 2024
	Brief Profile	Sandip Das is one of Asia’s most respected telecommunications professionals and an acclaimed Chief Executive. He was listed among the top 100 Globally Most Powerful Leaders in Telecom by Global Telecom magazine for four years. He is currently an independent Board Director for Greenlam Industries, Senior Advisor to Analysys Mason, Advisor to a UK‐based investment company, reputation management firm Astrum, Mentor to C‐Suite executives, Member National Board Council (Russell Reynolds), besides consulting for investment companies. He was formerly the MD & CEO of Reliance Jio, Group CEO and Executive Director of Maxis Communications Berhad, Malaysia and CEO & Board Director of Hutchison Essar Telecom, India (Orange, Hutch). He holds a BE degree in Mechanical Engineering from NIT Rourkela, an MBA in Marketing from Faculty of Management Studies (FMS), University of Delhi and an Advanced Management Program alumni from Harvard Business School.
	Disclosure of Relationships between Directors (in case of Appointment of a Director)	Mr. Sandip Das is not related to any other director on the Board of Directors and is not debarred from holding the office of Director by virtue of any order of SEBI or any other such authority.

For Sterlite Technologies Limited

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Amit Deshpande

Corporate General Counsel & Company Secretary (ACS 17551)

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Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408