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While STL itself is not a party to the dispute, a jury in August 2024 awarded $200,000 against Szymanski and $96.5 million against STI. On 29 August 2025, the court affirmed this verdict but denied the plaintiff’s plea for pre-judgment interest.
STI maintains that the judgment is unsupported by trial evidence and law, and said it will vigorously pursue post-trial remedies, including an appeal. The company added that financial implications, if any, will depend on the ultimate resolution of the case.
Sterlite Technologies is a global optical and digital solutions company providing offerings to build 5G, rural, FTTx, enterprise and data centre networks.
On a consolidated basis, Sterlite Technologies reported net profit of Rs 10 crore in Q1 June 2025 as against net loss of Rs 48.00 crore in Q1 June 2024. Net sales rose 16.86% YoY to Rs 1019 crore in Q1 June 2025.
Sterlite Technologies Ltd, India Shelter Finance Corporation Ltd, Godfrey Phillips India Ltd and Anupam Rasayan India Ltd are among the other losers in the BSE's 'A' group today, 01 September 2025.
Coffee Day Enterprises Ltd lost 6.07% to Rs 47.03 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 23.07 lakh shares were traded on the counter so far as against the average daily volumes of 6.49 lakh shares in the past one month.
Sterlite Technologies Ltd tumbled 6.02% to Rs 107.7. The stock was the second biggest loser in 'A' group.On the BSE, 4.95 lakh shares were traded on the counter so far as against the average daily volumes of 2.78 lakh shares in the past one month.
India Shelter Finance Corporation Ltd crashed 4.07% to Rs 904.95. The stock was the third biggest loser in 'A' group.On the BSE, 36423 shares were traded on the counter so far as against the average daily volumes of 14687 shares in the past one month.
Godfrey Phillips India Ltd corrected 3.59% to Rs 10599. The stock was the fourth biggest loser in 'A' group.On the BSE, 45332 shares were traded on the counter so far as against the average daily volumes of 65014 shares in the past one month.
Anupam Rasayan India Ltd plummeted 2.99% to Rs 1096.2. The stock was the fifth biggest loser in 'A' group.On the BSE, 13679 shares were traded on the counter so far as against the average daily volumes of 7738 shares in the past one month.
Genus Power Infrastructures Ltd, Sterlite Technologies Ltd, Orient Cement Ltd and IDBI Bank Ltd are among the other losers in the BSE's 'A' group today, 29 August 2025.
Jindal Stainless Ltd tumbled 6.62% to Rs 755.85 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1 lakh shares were traded on the counter so far as against the average daily volumes of 58421 shares in the past one month.
Genus Power Infrastructures Ltd crashed 6.05% to Rs 327.6. The stock was the second biggest loser in 'A' group.On the BSE, 6.12 lakh shares were traded on the counter so far as against the average daily volumes of 1.21 lakh shares in the past one month.
Sterlite Technologies Ltd lost 4.93% to Rs 114.8. The stock was the third biggest loser in 'A' group.On the BSE, 2.2 lakh shares were traded on the counter so far as against the average daily volumes of 2.93 lakh shares in the past one month.
Orient Cement Ltd shed 4.88% to Rs 216.35. The stock was the fourth biggest loser in 'A' group.On the BSE, 55355 shares were traded on the counter so far as against the average daily volumes of 30452 shares in the past one month.
IDBI Bank Ltd plummeted 4.86% to Rs 85.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 11.66 lakh shares were traded on the counter so far as against the average daily volumes of 5.29 lakh shares in the past one month.
Sterlite Technologies Ltd, Tilaknagar Industries Ltd, Aurobindo Pharma Ltd and Netweb Technologies India Ltd are among the other losers in the BSE's 'A' group today, 20 August 2025.
Nazara Technologies Ltd tumbled 11.91% to Rs 1234.4 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 5.46 lakh shares were traded on the counter so far as against the average daily volumes of 38972 shares in the past one month.
Sterlite Technologies Ltd lost 6.03% to Rs 129.25. The stock was the second biggest loser in 'A' group.On the BSE, 2.45 lakh shares were traded on the counter so far as against the average daily volumes of 4.09 lakh shares in the past one month.
Tilaknagar Industries Ltd crashed 5.39% to Rs 498.6. The stock was the third biggest loser in 'A' group.On the BSE, 1.97 lakh shares were traded on the counter so far as against the average daily volumes of 4.34 lakh shares in the past one month.
Aurobindo Pharma Ltd corrected 3.97% to Rs 1047. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.11 lakh shares were traded on the counter so far as against the average daily volumes of 32500 shares in the past one month.
Netweb Technologies India Ltd pared 3.66% to Rs 2048.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 61631 shares were traded on the counter so far as against the average daily volumes of 93347 shares in the past one month.
STL has hired the following leaders in key roles – Jimi Barker as Chief Business Officer, Data Centres, ONB, Tom Boswell as Head of Presales for Europe/UK Optical Connectivity Business, and Amir Sekhawat as Business Head of Copper Business in the past quarter/s.
Jimi excels at fostering innovation and driving process improvements across business lines, with expertise in the telecommunications and data infrastructure industries, including distinguished service in the U.S. Military.
Tom is a seasoned telecom leader with deep expertise in access, carrier networks, and physical infrastructure. He excels at designing fibre and copper network solutions and has worked for 30 years in British Telecom/Openreach.
Amir brings with him more than twenty years of global experience in copper and fibre communication solutions and new product development, working with the likes of Superior Essex in the US and Nexans in Europe.