Appointment of Mr. Eric Anklesaria as Additional Independent Director
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iStreet Network Ltd has appointed Mr. Eric Anklesaria as an Additional Non-Executive Independent Director effective 29th July 2025, for a 5-year term ending 28th July 2030, subject to shareholder approval. Mr. Anklesaria is a post-graduate from XLRI Jamshedpur with over 20 years of experience in IT services and financial services, having previously held senior positions at Ernst & Young, Nangia Anderson, and PSB Alliance. The appointment was recommended by the Nomination and Remuneration Committee and approved at the board meeting held the same day. The company cited 'new business opportunities under new leadership' as the reason for the appointment. He is not debarred from holding director office by any SEBI order.
This is a routine board-level appointment that strengthens governance and may signal the company's intent to pursue new business initiatives. Minimal direct impact on share price is expected, though shareholder approval will be sought at a later date.