StockWatch
·
Other Telecom Services
Management Change10 Jun 2026, 10:01 pm

STL Networks: Director Resigns, New Interim CEO Appointed

AI Summary

STL Networks Ltd announced the resignation of Whole-Time Director Mr. Pankaj Malik, effective June 10, 2026. He will serve a three-month transition period. The Board also approved the appointment of Mr. Chandrasekhara Rao Battula as Additional Director and Interim CEO (Whole Time Director) for a term of one year, subject to member approval. The company also reconstituted its Stakeholders’ Relationship Committee, Risk Management Committee, Sustainability and Corporate Social Responsibility Committee, and Authorization and Allotment Committee.

Key Highlights

  • Whole-Time Director Pankaj Malik resigns, to serve transition period.
  • Chandrasekhara Rao Battula appointed Additional Director and Interim CEO.
  • Battula's interim CEO role is for one year, subject to member approval.
  • Board committees reconstituted with new interim CEO's inclusion.