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 its 39th Annual General Meeting for Tuesday, September 29, 2026. The meeting will be conducted through video conferencing at 3:30 pm. Shareholders must hold shares as of the closing time on September 29 to vote.

The company’s register of members and share transfer books will remain closed from Friday, September 18, 2026, to Tuesday, September 29, 2026. This book closure ensures an accurate determination of the shareholder base for voting rights.

Key Agenda Items

The AGM notice outlines several ordinary and special business items for shareholder approval:

• Adoption of Financial Statements: Consideration and adoption of audited financial statements for FY26.
• Director Reappointment: Reappointment of Mr. Yash Maheshwari as a director retiring by rotation.
• Independent Director Appointments: Appointment of Mr. Shailesh Chitre and Mr. Harish Chander Khurana as independent directors.
• Designation Change: Approval to change Mr. Uttam Dave’s designation from Chairman and Whole-Time Director to Chairman and Managing Director (CMD) effective May 29, 2026, for a five-year term.
• Remuneration Revision: Approval of revised remuneration for Mr. Uttam Dave, effective February 1, 2026. The structure includes a basic salary of ₹5 lakh per month, special allowance of ₹2,02,350, house rent allowance of ₹2.5 lakh, leave travel allowance of ₹6,000, and statutory bonus of ₹41,650.
• Related Party Transactions: Approval for material related-party transactions with entities in which Mr. Uttam Dave and Mr. Padmanabhan Desikachari are interested.

Related Party Transaction Limits

Shareholders will approve transactions with specific entities up to defined limits:

E-Voting and Participation Details

The remote e-voting period runs from September 25, 2026, at 9:00 am to September 28, 2026, at 5:00 pm. The cut-off date for e-voting eligibility is September 22, 2026. Members can access the e-voting facility via NSDL’s platform. The results of the e-voting will be published by October 1, 2026.

Regulatory Compliance

The intimation was issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Uttam Dave, Managing Secretary, signed the disclosure on behalf of the company on September 4, 2026. The AGM is being convened in compliance with MCA General Circulars regarding video conferencing.