Change in Designation of Mr. Uttam Dave from Chairman and Whole Time Director to Chairman and Managing Director of the Company.
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The board of directors of iStreet Network Ltd approved a change in designation for Mr. Uttam Dave from 'Chairman and Whole Time Director' to 'Chairman and Managing Director' effective May 29, 2026. This change was recommended by the Nomination and Remuneration Committee and is subject to approval by shareholders at the ensuing General Meeting. The new term is for 5 years from May 29, 2026 to May 28, 2031. Mr. Dave has over 30 years of experience in the technology sector and has held key positions at companies like Hitachi Data Systems, Sanovi Technologies, and HCL Comet. He is also currently advising technology startups.
This internal designation change elevates Mr. Dave's role from Whole Time Director to Managing Director, suggesting expanded executive responsibilities. The change is pending shareholder approval and is not expected to have immediate material impact on operations or stock price.