CEO Pankaj Malik resigns; Chandrasekhara Rao 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 board accepted Whole Time Director and CEO Pankaj Malik's resignation effective June 10, 2026. He will continue as CEO until September 10, 2026 for a 3-month transition. He is leaving to pursue an opportunity outside the company. Chandrasekhara Rao Battula, currently at Invenia with over 23 years experience in telecom and tech, has been appointed as Additional Director and Interim CEO for a 1-year term.

Likely market impact

Leadership change at top. Interim CEO appointed for 1 year with 3-month handover. Shareholder approval still pending for new appointment.