Attached is the Resignation of Mr. Rakesh Rathi as Managing Director of the Company
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Mr. Rakesh Rathi has tendered his resignation as Managing Director and Director of iStreet Network Ltd, effective from the close of business on May 12, 2026. He has also resigned from all board committee memberships. The stated reason for his departure is personal reasons. Rathi served as Managing Director for approximately 15 months. In his resignation letter, he mentions plans to continue contributing in the capital markets and strategic advisory space. The company has not announced any replacement for the role yet.
The sudden departure of the Managing Director could create uncertainty for investors, as no successor has been named. Shareholders should monitor for announcements regarding the appointment of a new Managing Director, which will be crucial for continuity of the company's strategic direction.