Appointment of Mr. Satish Goel as Additional Independent Director
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iStreet Network Ltd has appointed Mr. Satish Goel as an Additional Non-Executive Independent Director with effect from 29th July 2025. The appointment is for a 5-year term, running until 28th July 2030, and is subject to approval from shareholders. The Board stated the appointment is linked to exploring new business opportunities under new leadership. Mr. Goel is a Chartered Accountant with over 34 years of experience across banking, finance, corporate law, taxation, risk management, and audit. He has also previously served as a Part-time Non-Official Director on the board of Corporation Bank. The appointment was made on the recommendation of the Nomination and Remuneration Committee.
This is a routine governance announcement and is unlikely to move the stock price. The addition of an experienced finance professional to the board may be viewed positively by investors looking for stronger oversight, especially given the company's stated focus on new business directions.