STL Global Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales of INR 199.605 million against INR 307.535 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 41.276 million against INR 20.575 million a year ago. Loss from ordinary activities before tax was INR 93.541 million against INR 211.062 million a year ago. Net loss from ordinary activities after tax was INR 93.541 million or INR 3.47 per basic and diluted share before and after extraordinary items against INR 236.062 million or INR 8.75 per basic and diluted share before and after extraordinary items a year ago.

For the nine months, the company reported net sales of INR 560.077 million against INR 744.698 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 147.792 million against INR 57.852 million a year ago. Loss from ordinary activities before tax was INR 300.174 million against INR 374.472 million a year ago. Net loss from ordinary activities after tax was INR 300.174 million or INR 11.12 per basic and diluted share before and after extraordinary items against INR 374.472 million or INR 13.87 per basic and diluted share before and after extraordinary items a year ago.

The board of directors at its meeting held on February 9, 2013, approved the appointment of Sh. Anil Mahajan as a Nominee Director of Punjab National Bank on the board of the company with effect from February 9, 2013.