CEO Pankaj Malik resigns; Chandrasekhara Battula named Interim CEO

Ceo ResignedCeo Appointed ExternalKmp ResignedManagement Changes View source PDF Explain this filing

STLNETWORK · price

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Price reactionminutes from the announcement price · days from the prior close

-2.6%Reaction day

₹27.20

prior close

₹27.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.1%-1.4% vs market

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.2

10m

-1.8

15m

-2.3

30m

-2.8

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-2.6-1.1-1.4

Next day

+1.3+1.9-0.5

+3.7+3.7+0.0

+4.1+4.2-0.2

+1.3+5.4-4.0

+4.2+5.9-1.7

+4.8+7.6-2.9

15d

-2.8+7.7-10.4

-6.5+8.6-15.1

-4.2+10.5-14.8

+34.6+13.3+21.2

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

STL Networks' Whole Time Director and CEO Pankaj Malik resigned effective June 10, 2026, to pursue an opportunity outside the company. He will continue as CEO until September 10, 2026 for a smooth handover. The board appointed Chandrasekhara Rao Battula, currently leading the System Integration business at Invenia with over 23 years of telecom experience, as Additional Director and Interim CEO designated as WTD for a 1-year term.

Likely market impact

Top leadership transition with a 3-month handover period. External hire as Interim CEO aims to maintain continuity. Investors should watch execution stability.