STL Networks: CEO Malik resigns, Battula named interim CEO

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

STLNETWORK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

Whole Time Director and CEO Pankaj Malik resigned effective June 10, 2026 to pursue an opportunity outside the company, but will stay on for a 3-month transition until September 10, 2026. Mr. Chandrasekhara Rao Battula, currently leading System Integration at Invenia with 23 years of telecom experience including prior stints at STL and Ericsson, appointed as Additional Director and Interim CEO designated as Whole Time Director for 1 year.

Likely market impact

Top leadership transition may bring short-term uncertainty, though a 3-month handover and an experienced external telecom hire should support continuity.