STL Networks Limited Appoints New Director Amid Changes to Key Committees

STL Networks Limited Appoints New Director Amid Changes to Key Committees​

STL Networks Limited has announced significant changes following its Board of Directors meeting held on June 10, 2026. The board noted the resignation of Whole Time Director Mr. Pankaj Malik and approved the appointment of Mr. Chandrasekhara Rao Battula as an Additional Director, who is also designated as Interim Chief Executive Officer (CEO) and Key Managerial Personnel.

Mr. Pankaj Malik stepped down from his role as a Whole Time Director with effect from the close of business hours on June 10, 2026. While resigning from the directorship, Mr. Malik will continue to serve the Company for a transition period of three months, ensuring a smooth transfer of responsibilities and maintaining business continuity. Following his departure from the Board, Mr. Malik also ceases to be a member of several key committees within the company, including the Stakeholders' Relationship Committee, Risk Management Committee, Sustainability and Corporate Social Responsibility Committee, and the Authorization and Allotment Committee, effective June 10, 2026.

Appointment of Chandrasekhara Rao Battula​

The Board approved the appointment of Mr. Chandrasekhara Rao Battula as an Additional Director and Interim Chief Executive Officer, who is designated as a Whole Time Director and Key Managerial Personnel. This appointment was made for a term of one year, effective from the date of his Director Identification Number (DIN) allotment and is subject to member approval.

Mr. Battula possesses extensive experience in various sectors, holding over 23 years of professional tenure across telecommunications, government, public sector, healthcare, and defense sectors. He holds an MBA from Sikkim Manipal University, Mumbai. Currently, Mr. Battula works with Invenia, where he leads the System Integration business and heads Sales, driving advanced network integration initiatives for transformative business outcomes. Prior to joining Invenia, he held key positions at Ericsson India Limited, UTStarcom, Reliance Infocomm, and Sterlite Technologies Limited, where he contributed significantly to operational excellence and business growth.

Mr. Battula is not related to any existing Directors or Key Managerial Personnel of the Company and is confirmed to be free from debarment by any SEBI order or other relevant authority.

Committee Reconstitution​

The Board meeting also approved the reconstitution of several critical committees with effect from Mr. Battula’s appointment date, following his replacement of Mr. Malik in these roles.

The new composition for the Stakeholders' Relationship Committee is as follows:


The Risk Management Committee now includes Mr. Battula, and its composition is as follows:


The Sustainability and Corporate Social Responsibility Committee composition is as follows:


The Authorization and Allotment Committee composition is as follows:

STLNETWORK Stock Price Movement​

STL Networks Limited shares shed value on Wednesday, closing down by 1.84% to settle at ₹27.29. The stock traded within a range established between the day's low of ₹27.00 and a high of ₹28.00, recording a volume of 733,134 shares.