iStreet Network Reshapes Leadership with Four New Directors and Approves Q1 Results

iStreet Network Limited, a company listed on the Bombay Stock Exchange, has announced significant changes to its board of directors and approved its financial results for the first quarter of the fiscal year.

Board Restructuring

In a strategic move aimed at supporting new business opportunities under fresh leadership, iStreet Network has appointed four new directors effective July 29, 2025. The appointments, approved by the board, include:

1. Padmanabhan Desikachari: Appointed as Additional Non-Executive Non-Independent Director. Mr. Desikachari brings over 40 years of experience as a distinguished technology leader, with expertise in product management, applications development, and core systems architecture, including AI and ML.

2. Yash Maheshwari: Joins as Additional Non-Executive Non-Independent Director. Mr. Maheshwari has completed Level I of the Chartered Financial Analyst (CFA) program and holds a Bachelor of Commerce (Honours) degree from the University of Delhi.

3. Eric Anklesaria: Appointed as Additional Non-Executive Independent Director for a term of five years. Mr. Anklesaria has over 20 years of experience in global IT services organizations, assurance, and advisory firms, with expertise in Banking and Financial Services, IT and Digital Strategy.

4. Satish Goel: Joins as Additional Non-Executive Independent Director for a five-year term. Mr. Goel is a Chartered Accountant with over 34 years of experience in Banking & Finance, Corporate law, Taxation, and Risk Management.

Q1 Financial Results

The board of directors has approved the unaudited financial results for the quarter ended June 30, 2025. While specific financial figures were not disclosed in the available information, the company has submitted these results along with a Limited Review Report to the BSE Limited in compliance with SEBI regulations.

Ownership Changes

In a significant development, the company disclosed that its promoters have signed a Share Purchase Agreement (SPA) with acquirers for the sale of 85.00 lakh shares. This transaction will result in a transfer of control and management of the company. The necessary processes for this change are currently underway.

iStreet Network Limited's Company Secretary and Compliance Officer, Pratibha Ranka, confirmed these developments in official communications to the BSE.

As iStreet Network Limited embarks on this new phase with a restructured board and potential change in ownership, stakeholders will be keenly watching how these developments influence the company's future strategies and performance in the market.