Sterlite Technologies Limited. — Capital/Financing Update 2023

Jan 27, 2023

www.stl.tech

==> picture [79 x 31] intentionally omitted <==

January 27, 2023

National Stock Exchange of India Limited

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

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

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”)

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

Dear Sir/Madam,

With reference to our letters dated January 16, 2023 and January 23, 2023 respectively, we wish to inform you that the Board of Directors of Sterlite Technologies Limited (the “Company”), at its meeting held today i.e. on January 27, 2023, has approved, inter alia, the following:

1. Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended December

   • 31, 2022. In this regard, please find enclosed:

   • i. Press Release

   • ii. Investors Presentation on the Financial Results

   • iii. Unaudited Consolidated and Standalone Financial Results

   • iv. Limited Review Report on the aforesaid Financial Results

2. Proposal of fund raising upto INR 500 Crores through the issuance of such number of fully paid-up equity shares / partly paid-up equity shares of face value of ₹2 each as may be decided by the Board or the duly authorised Rights Issue Committee of the Board, by way of a rights issue to the existing shareholders of the Company whose name appears on the register of members of the Company or on the list of depositories as beneficial owners at the end of the business hours on such date as may be hereafter fixed by the Board as of the record date (“ Eligible Equity Shareholders ”), or to such person or persons who may or may not be an Eligible Equity Shareholder of the Company in whose favour the rights may be renounced (in full or in part) by respective Eligible Equity Shareholders or in whose favour the Board may, in its discretion, allot Equity Shares in the rights issue.

For the purposes of giving effect to the rights issue, the detailed terms in relation to the rights issue, including but not limited to the issue price, issue structure, rights entitlement ratio, record date, timing and terms of payment will be determined and disclosed to the exchange in due course by the Board and / or the Rights Issue Committee.

The promoter and promoter group of the Company have confirmed that they will subscribe to the full extent of their aggregate rights entitlement.

The meeting commenced at 8.00 a.m. and concluded at 12.55 p.m.

We request you to take the aforesaid on records. Thank you. Yours

faithfully,

For Sterlite Technologies Limited

AMIT VILAS Digitally signed by AMIT VILAS DESHPANDE DESHPANDE Date: 2023.01.27 13:01:12 +05'30'

Amit Deshpande

General Counsel & Company Secretary (ACS 17551)

Enclosure: As above

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