STL Networks Appoints Chandrasekhara Rao Battula as Interim CEO & Whole Time Director
STL Networks Limited announced the resignation of Whole Time Director Mr. Pankaj Malik, effective June 10, 2026. The company also appointed Mr. Chandrasekhara Rao Battula as Additional Director and Interim CEO, designated as Whole Time Director for a one-year term. Mr. Battula brings over 23 years of experience.
A change in a Whole Time Director and CEO can have a significant impact on the company's strategic direction and operations. The appointment of an experienced professional like Mr. Battula suggests an effort to maintain stability and continuity.
The announcement details a change in leadership with a director resigning and a new one being appointed. While the transition is managed, there are no significant positive or negative financial or business performance indicators mentioned.
STL Networks Limited announced key leadership changes following a Board Meeting held on June 10, 2026.
The Board noted the resignation of Mr. Pankaj Malik as Whole Time Director, effective from the close of business hours on June 10, 2026. Mr. Malik will continue to serve the company for a three-month transition period to ensure business continuity.
Consequently, Mr. Malik has stepped down from his positions in the Stakeholders' Relationship Committee, Risk Management Committee, Sustainability and Corporate Social Responsibility Committee, and Authorization and Allotment Committee.
The Board also approved the appointment of Mr. Chandrasekhara Rao Battula as an Additional Director and Interim Chief Executive Officer, designated as Whole Time Director and Key Managerial Personnel. This appointment is for a term of one year, effective from the date of allotment of his Director Identification Number (DIN), subject to shareholder approval. Mr. Battula brings over 23 years of experience in the telecommunications, government, public sector, healthcare, and defence sectors. He holds an MBA from Sikkim Manipal University and has previously held key positions at Ericsson India Limited, UTStarcom, Reliance Infocomm, and Sterlite Technologies Limited.
Following Mr. Battula's appointment, the Board also approved the reconstitution of the Stakeholders' Relationship Committee, Risk Management Committee, Sustainability and Corporate Social Responsibility Committee, and Authorization and Allotment Committee, with Mr. Battula being appointed as a member to these committees.
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STL Networks Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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