STL Networks Appoints Chandrasekhara Rao Battula as Interim CEO & Whole Time Director
STL Networks Limited accepted the resignation of Whole Time Director Mr. Pankaj Malik, effective June 10, 2026. The company appointed Mr. Chandrasekhara Rao Battula as Additional Director and Interim CEO, designated as Whole Time Director, for a one-year term from his DIN allotment date, subject to member approval.
The appointment of a new Interim CEO and Whole Time Director, along with changes in committee memberships, represents a significant shift in the company's leadership structure. This could have a medium-term impact on strategic direction and operations.
The announcement details a change in Whole Time Director, including a resignation and a new appointment. While these are significant changes, there is no immediate positive or negative financial impact indicated, making the sentiment neutral.
STL Networks Limited announced a significant board meeting outcome on June 10, 2026. The Board noted the resignation of Mr. Pankaj Malik from his position as Whole Time Director, effective at the close of business hours on June 10, 2026. Mr. Malik will continue to serve the company for a transition period of three months from his resignation date to ensure business continuity.
Following his resignation, Mr. Malik has ceased to be a member of 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 effective from the date of allotment of his Director Identification Number (DIN) and is for a term of one year. This decision was made based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval.
Consequently, the Board approved the reconstitution of several committees. Mr. Chandrasekhara Rao Battula has been appointed as a member of the Stakeholders’ Relationship Committee, Risk Management Committee, Sustainability and Corporate Social Responsibility Committee, and Authorization and Allotment Committee, replacing Mr. Pankaj Malik in these roles. The meeting commenced at 08:15 p.m. and concluded at 08:50 p.m.
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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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