STL Networks appoints Chandrasekhara Rao Battula as new CEO

Ceo ResignedCeo Appointed ExternalManagement 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: WTD Pankaj Malik resigned effective June 10, 2026, to pursue an external opportunity. He stays as CEO until September 10, 2026, for transition. Chandrasekhara Rao Battula appointed as Additional Director and Interim CEO (designated WTD) for 1 year, subject to shareholder approval. Battula has 23 years of telecom experience and currently leads System Integration at Invenia. He previously held roles at Ericsson, UTStarcom, Reliance Infocomm, and Sterlite Technologies. He is not related to any existing directors.

Likely market impact

Leadership transition at the top. New appointee brings deep telecom experience from Invenia, Ericsson, and Sterlite. Watch for execution during changeover.