STL Networks Faces Rs 7.69 Crore GST Demand, Sees No Material Impact

STL Networks Limited ( (IN:STLNETWORK) ) just unveiled an announcement.

STL Networks Limited has disclosed that it received a demand order from the Office of the Deputy Commissioner of State Tax, Madhya Pradesh, for an aggregate amount of Rs 7.69 crore relating to the 2021-22 financial year, primarily arising from an alleged GST input tax credit mismatch between credits claimed in GSTR-3B and supplier data in GSTR-2A. The notice, issued in the name of Sterlite Technologies Limited but pertaining to the business now demerged into STL Networks, is viewed by the company as not maintainable; management is evaluating options including an appeal and does not currently expect any material impact on its financials, operations or ongoing activities, suggesting limited immediate risk for stakeholders pending the outcome of the dispute process.

More about STL Networks Limited

STL Networks Limited operates in the telecommunications and network services space, having assumed the Global Services Business vertical demerged from Sterlite Technologies Limited with effect from the close of business on March 31, 2025. The company focuses on providing network-related services and solutions, positioning itself within India’s broader digital infrastructure and connectivity ecosystem.

Average Trading Volume: 323,757

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