iStreet Network Limited, a growing digital and network services company in India, recently announced a significant leadership change. Ms. Khyati Nahar, who has been serving as a Director on the Board, submitted her resignation on October 11, 2025, citing her preoccupation with other professional commitments. The resignation is effective immediately, marking the end of her tenure with the company.

Background of the Resignation

Ms. Nahar formally communicated her decision via email to the Company Secretary, Ms. Pratibha Ranka, expressing gratitude towards the Board of Directors and the administrative support extended to her during her tenure. The resignation letter explicitly noted that her other professional engagements and commitments necessitated her stepping down from the board to focus on them fully.

Such resignations are a common occurrence in corporate India, especially for directors balancing multiple roles across companies and professional engagements. While the immediate reason is preoccupation, resignations often provide an opportunity for the company to reassess board composition and governance structures.

SEBI Compliance and Corporate Governance

In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, iStreet Network Limited promptly filed the intimation of resignation with BSE Limited (Scrip Code: 524622).

SEBI LODR regulations mandate that all material events, including board changes, resignations, and appointments, must be disclosed promptly to ensure transparency for investors and stakeholders. By adhering to these guidelines, iStreet Network ensures corporate governance standards are upheld, and all stakeholders are kept informed about key leadership changes.

Impact on the Company

While Ms. Nahar’s resignation marks a board-level change, the company continues to maintain a strong leadership structure with other directors and executives managing strategic operations. The resignation is unlikely to affect day-to-day operations or long-term business plans, as the company’s management framework allows seamless succession and delegation of responsibilities.

However, such changes may lead to:

1. Board reconstitution: Appointment of a new director to maintain the required number of board members and expertise.

2. Review of governance practices: Ensuring continuity in strategic decision-making despite board changes.

3. Investor communication: Providing stakeholders with clarity on the reasons for the resignation and future plans for board strengthening.

Profile of Ms. Khyati Nahar

Ms. Khyati Nahar has contributed to iStreet Network Limited’s growth and strategic initiatives during her tenure. While the resignation announcement does not provide an extensive profile, directors like Ms. Nahar often bring experience in management, digital services, and corporate governance, which supports the company’s operational and strategic objectives.

Her resignation emphasizes the importance of director availability and focus, especially in companies operating in dynamic sectors like digital networks and technology solutions.

Corporate Communication

The official communication from iStreet Network Limited includes:

• Letter to BSE Limited notifying the resignation under SEBI LODR Regulation 30.

• Annexure 1, containing details of the event, including:

  • Name: Ms. Khyati Nahar

  • Reason for resignation: Preoccupation

  • Date of cessation: October 11, 2025

  • Brief profile and relations with other directors: Not Applicable

Additionally, the company secretary, Pratibha Ranka, has confirmed the resignation and ensured proper regulatory filing.

Significance for Stakeholders

Investors, partners, and regulators closely monitor board-level changes, as directors play a key role in guiding strategic, financial, and operational decisions. Key takeaways from this event for stakeholders include:

• Immediate effect: The resignation takes effect from October 11, 2025, meaning any ongoing board-related decisions will be handled by remaining directors.

• Preoccupation cited as reason: Indicates Ms. Nahar’s need to focus on other professional roles, reflecting the multi-faceted responsibilities of directors.

• Corporate governance adherence: iStreet Network’s prompt disclosure demonstrates commitment to transparency and regulatory compliance.

Next Steps for iStreet Network

The company may take the following steps post-resignation:

1. Identify a replacement director with suitable expertise in digital networks, technology, or corporate governance.

2. Maintain continuity in board committees and decision-making processes to avoid operational disruptions.

3. Communicate with shareholders and stakeholders regarding future appointments or interim arrangements.

4. Review governance and succession planning, ensuring that similar resignations in the future do not affect company stability.

Conclusion

The resignation of Ms. Khyati Nahar from iStreet Network Limited highlights the dynamic nature of corporate boards and the need for directors to balance multiple professional responsibilities. While her departure is immediate, the company’s robust governance and compliance framework ensures that operations and strategic initiatives continue without disruption.

By disclosing the event promptly under SEBI LODR regulations, iStreet Network maintains investor confidence and demonstrates adherence to best practices in corporate governance. Stakeholders can anticipate the company’s next steps in board reconstitution and strategic alignment in the coming weeks.

This update serves as a key example of how Indian companies navigate director resignations transparently, while maintaining business continuity and regulatory compliance.

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