STL Networks: CEO resigns, new Interim CEO appointed

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

Pankaj Malik resigned as Whole Time Director effective June 10, 2026, but will continue as CEO for a 3-month transition until September 10, 2026 to pursue an opportunity outside the company. The Board approved appointment of Chandrasekhara Rao Battula as Additional Director and Interim CEO (designated WTD and KMP) for 1 year. Battula has 23 years of telecom and tech experience and is currently with Invenia. Multiple board committees were reconstituted with Battula replacing Malik.

Likely market impact

Top leadership change with a 3-month handover to maintain continuity. New Interim CEO brings 23 years of telecom experience. Watch execution closely during transition.