Outcome of the meeting is attached
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iStreet Network Ltd announced major leadership changes following a board meeting on 14th July 2025. Ms. Meenu Malu stepped down as Managing Director effective the close of business hours on 14th July. The board appointed Mr. Rakesh Rathi as the new Managing Director effective 15th July 2025 for a 5-year term; he is a Chartered Accountant with over 22 years of experience, previously serving as CFO at companies like Smaaash Entertainment and Essel World. Additionally, Mr. Uttam Ishwarlal Dave was appointed as Chairman and Whole-time Director effective 14th July 2025 for 5 years, bringing over 30 years of technology sector experience from firms like Hitachi Data Systems and HCL Comet. Both appointees are stated to have no prior relationship with existing directors and are not debarred by SEBI.
This represents a complete leadership transition at the top, with both the MD and Chairman positions changing hands simultaneously. Shareholders should watch for the company's next strategic update, as the new leadership has cited 'new business opportunities' as the reason for change, which could signal a potential shift in business direction. The stock may see short-term volatility given the abrupt senior management overhaul.