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Sterlite Technologies Limited ( (IN:STLTECH) ) has issued an update.
Sterlite Technologies Limited has disclosed that it received a demand order from the Office of the Deputy Commissioner of State Tax in Madhya Pradesh, triggering a regulatory filing under SEBI’s Listing Obligations and Disclosure Requirements. The company clarified that, following a tribunal-approved demerger of its Global Services Business into STL Networks Limited effective March 31, 2025, any contingent liabilities related to this matter are attributable to STL Networks Limited, which has separately made the requisite stock exchange disclosures, thereby ring-fencing Sterlite Technologies from direct financial exposure on this specific tax demand.
More about Sterlite Technologies Limited
Sterlite Technologies Limited is an Indian technology company focused on digital networks, offering optical communication products and network solutions to telecom operators, enterprises and governments in domestic and international markets.
Average Trading Volume: 108,435
Technical Sentiment Signal: Hold
Current Market Cap: 51.18B INR
See more insights into STLTECH stock on TipRanks’ Stock Analysis page.