STL Networks Limited has received an initial subscription amount of ₹27 crore from its promoter, Twin Star Overseas Limited. This payment represents 25% of the total consideration for the preferential issue of up to 4,50,00,000 warrants, convertible into equity shares, aggregating up to ₹108 crore. The company had previously received shareholder approval for this preferential issue through a postal ballot on May 19, 2026. The receipt of the ₹27 crore on June 2, 2026, is in compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. STL Networks is currently awaiting in-principle approval from the stock exchanges for the warrant allotment. The company will proceed with the allotment and inform the stock exchanges upon receiving the necessary approvals.
