StockWatch
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Internet & Catalogue Retail
Board Meeting29 May 2026, 07:53 pm

iStreet Network: Rathi Resigns, Dave Appointed MD

AI Summary

iStreet Network Ltd's board meeting on May 29, 2026, approved Rakesh Rathi's resignation as Managing Director, effective May 12, 2026. Bhargeshwar Banerji's resignation as Independent Director was noted. The board approved audited financials for the year ended March 31, 2026, revised the remuneration of statutory auditors M/s. SMMP & Company, and changed Uttam Dave's designation to Chairman and Managing Director, effective May 29, 2026, subject to member approval. The board also approved related party transactions and the shifting of the registered office within Mumbai.

Key Highlights

  • Rakesh Rathi resigned as Managing Director, effective May 12, 2026.
  • Uttam Dave appointed Chairman and Managing Director, effective May 29, 2026, subject to member approval.
  • Audited financials for the year ended March 31, 2026, approved.
  • Registered office shifted within Mumbai, effective May 29, 2026.
  • Related party transactions approved, subject to member approval.