Net profit of Sterlite Technologies rose 64.62% to Rs 86.64 crore in the quarter ended December 2020 as against Rs 52.63 crore during the previous quarter ended December 2019. Sales rose 9.29% to Rs 1314.44 crore in the quarter ended December 2020 as against Rs 1202.66 crore during the previous quarter ended December 2019.

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The Board of Sterlite Technologies at its meeting held on 20 January 2021 has approved the following changes in directorate:

Appointment of B. J. Arun and S Madhavan as Independent Directors effective 20 January 2021.

Appointment of Ankit Agarwal as a Whole© ime Director effective 20 January 2021.

Resignation of Pratik Agarwal as Non ¨CExecutive Director effective end of business day on 20 January 2021.

The Board of Directors also noted that the current term of Arun Todarwal and A.R.Narayanaswamy as Independent Directors will end on 31 March 2021.

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Sterlite Technologies announced that the company (through its wholly owned subsidiary) has completed the acquisition of 100% stake in Optotec S.p.A, a leading Optical Interconnect Company.

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Sterlite Technologies has allotted 2,73,467 equity shares under ESOP on 13 January 2021. Post allotment of the shares, the company's share capital has increased to 396,537,110 equity shares.

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