Appointment of Mr. Rakesh Rathi as Managing Director of the company
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iStreet Network Limited has appointed Mr. Rakesh Rathi as its Managing Director for a five-year term, effective July 15, 2025 to July 14, 2030, subject to shareholder approval. The appointment was made on the recommendation of the Nomination and Remuneration Committee at a board meeting held on July 14, 2025. The company stated the reason for the appointment is to pursue new business opportunities under new leadership. Mr. Rathi is a Chartered Accountant with over 22 years of experience, having previously served as CFO at companies like Smaaash Entertainment and Essel World.
This is a senior leadership change aimed at driving new business growth, which could be a positive signal for turnaround or expansion plans. Shareholders should watch for clarity on the new strategic direction and any related business updates in the coming quarters.