STL Networks Limited disclosed an adverse adjudicator's decision against its wholly owned UK subsidiary, Sterlite Technologies UK Ventures Limited (STUKVL), ordering payment of unpaid dues plus interest totaling around INR 1.09 Cr. The ruling favors All Fiber Solutions Limited in a contract dispute over fiber cabling services, but carries no material financial impact for the parent company.
The adjudication stems from STUKVL's alleged failure to pay under an Infrastructure Framework Agreement for design, installation of underground and overhead fiber cabling, and civil engineering works. Issued on January 5, 2026, by Adjudicator Nigel J Davies in Faringdon, England, the decision mandates immediate settlement. STL Networks submitted details to stock exchanges on January 15, 2026, in compliance with SEBI regulations.
Award Breakdown
-
£83.5 thousand (INR 1.01 Cr) principal dues as of January 15, 2026.
-
£6.6 thousand (INR 0.08 Cr) simple interest.
-
Adjudicator's fees and expenses.
Financial Outlook
Company assessment confirms negligible effect on overall financial position, signaling contained exposure from the UK operations. Investors monitor amid STL Networks' focus on digital infrastructure projects.
Sources: BSE/NSE Filings via ScanX Trade, NSE India Corporate Disclosures