iStreet Network reported a sharp turnaround in its financial performance for FY26, with revenue scaling to ₹98.02 crore, a 1,523% increase from ₹6.04 crore in the previous year. The company also posted a net profit of ₹4.96 crore, compared to ₹0.24 crore in FY25.

The significant growth reflects the early success of the company's business transformation following a change in ownership and control during the fiscal year. Management described FY26 as a "foundation year" focused on re-establishing operations and governance after a prolonged dormant period.

Financial Highlights

The financial results indicate a substantial expansion in both top-line and bottom-line metrics, driven by the resumption of business activities.

Total revenue stood at ₹99.86 crore, while total expenditure was ₹94.41 crore. The EBITDA margin improved significantly as the company scaled its operations.

What the Numbers Show

A critical observation from the balance sheet is the divergence between reported revenue and cash collection. Trade receivables surged to ₹979.70 crore, representing approximately 99% of the total revenue of ₹98.02 crore. This high concentration of receivables relative to sales suggests that while revenue recognition has accelerated, cash conversion remains a key area for monitoring in the coming quarters.

Additionally, the company holds ₹63.17 crore in intangible assets under development, reflecting investments in proprietary technology and AI infrastructure. This capital allocation aligns with management's stated strategy of building sovereign AI capabilities.

Corporate Governance and AGM

The company has scheduled its 39th Annual General Meeting (AGM) for September 29, 2026, to be held via video conferencing. Key agenda items include:

• Reappointment of Mr. Yash Maheshwari as a director.
• Appointment of Mr. Shailesh Chitre and Mr. Harish Chander Khurana as Independent Directors.
• Approval of the change in designation of Mr. Uttam Ishwarlal Dave from Chairman and Whole Time Director to Chairman and Managing Director.
• Approval of related party transactions with entities associated with directors.

The board has recommended an interim dividend of 10 paise per equity share for FY26. The company has also incorporated a 100% subsidiary in Dubai, "Istreet Network LLC FZ," though capital infusion is still pending.

iStreet Network has scheduled a meeting of its Board of Directors for September 4, 2026. The session will address key corporate governance matters, including share allotments and administrative appointments.

The company notified the Bombay Stock Exchange regarding the upcoming agenda under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Agenda Items

The Board will consider the following resolutions:

• Approve the draft notice for the 39th Annual General Meeting.
• Note the resignation of Ms. Pratibha Ranka from her roles as Company Secretary and Compliance Officer.
• Appoint M/s. Jigar Darji & Associates as the scrutinizer for the AGM.
• Allot 3,50,000 equity shares to warrant holders following the exercise of convertible warrants into equity shares.

Corporate Details

Uttam Dave, Managing Director, signed the intimation. The company is headquartered in Mumbai.