Sterlite Technologies Limited. — Capital/Financing Update 2024

Apr 12, 2024

www.stl.tech

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April 12, 2024

National Stock Exchange of India Limited Exchange Plaza, 5[th] Floor, BSE Limited Plot No. C-1, G Block, Phirozee Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai - 400 051. Mumbai - 400 001.

Sub: Qualified institutions placement of equity shares of face value ₹ 2 each (the “Equity Shares”) by Sterlite Technologies Limited (the “Company”) under the provisions of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”), and Sections 42 and 62 of the Companies Act, 2013, including the rules made thereunder, each as amended (the “Issue”).

Dear Sir/ Madam,

Further to our letter dated April 8, 2024, intimating you about the meeting of the Authorisation and Allotment Committee of the board of directors (the “ Committee ”) to be held on April 12, 2024 in respect of the Issue, we wish to inform you that the Committee at its meeting held today i.e. April 12, 2024 has, inter alia , passed the following resolutions:

• a. Approving the closure of the Issue today i.e. April 12, 2024 pursuant to the receipt of application forms and the funds in the escrow account from the eligible qualified institutional buyers in accordance with the terms of the Issue;

• b. Determining and approving the allocation of 88,456,435 Equity Shares at an Issue price of ₹ 113.05 per Equity Share (including a premium of ₹ 111.05 per Equity Share), which is at a discount of 5% (i.e. ₹ 5.95 per Equity Share) to the floor price of ₹ 119.00 per Equity Share, in accordance with the SEBI ICDR Regulations upon the closure of the Issue, determined as per the formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations, for the Equity Shares to be allotted to the eligible qualified institutional buyers in the Issue;

• c. Approving and adopting the placement document dated April 12, 2024;

• d. Approving and finalising the confirmation of allocation note to be sent to the eligible qualified institutional buyers, intimating them of allocation of Equity Shares pursuant to the Issue; and

The meeting of the Committee commenced at 9.30 p.m. and concluded at 10.00 p.m.

We request you to take the above on record and treat the same as compliance under the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Thanking you.

Yours faithfully,

For Sterlite Technologies Limited

AMIT VILAS Digitally signed by AMIT VILAS DESHPAND DESHPANDE Date: 2024.04.12 E 22:02:19 +05'30'

Amit Deshpande

General Counsel & Company Secretary (ACS 17551)

Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411001, India. CIN - L31300PN2000PLC202408