iStreet Network Limited Allots 10,83,334 Equity Shares on Conversion of Warrants, Paid-Up Capital Rises to ₹28,20,00,012
iStreet Network Limited, on May 06, 2026, allotted 10,83,334 equity shares of face value ₹4 each to four public category warrant holders upon conversion of an equal number of warrants. The exercise price was ₹4.5 per warrant, representing 75% of the warrant issue price of ₹6, with total proceeds aggregating to ₹48,75,002. The allotment was made on a preferential basis pursuant to SEBI ICDR Regulations, 2018, with the warrants originally allotted on November 28, 2025. Post-allotment, the company's paid-up equity share capital increased from ₹27,76,66,676 to ₹28,20,00,012.

*this image is generated using AI for illustrative purposes only.
iStreet Network Limited announced on May 06, 2026, that its Board of Directors, through a circular resolution, approved the conversion of 10,83,334 warrants into 10,83,334 equity shares of face value ₹4 each. The allotment was made on a preferential basis to four warrant holders from the public category, pursuant to the exercise of their conversion rights in accordance with SEBI ICDR Regulations, 2018.
Allotment Details
The equity shares were allotted for cash upon receipt of the exercise price of ₹4.5 per share warrant, representing 75% of the warrant issue price of ₹6 per warrant. The total amount received aggregated to ₹48,75,002 (Rupees Forty-Eight Lakhs Seventy-Five Thousand and Two Only). The warrants had originally been allotted on November 28, 2025, carrying a right to subscribe to one equity share per warrant on receipt of ₹1.5 per warrant, being 25% of the issue price.
The newly allotted equity shares rank pari-passu in all respects with the existing equity shares of the company, including dividend entitlements.
Allottee-Wise Breakdown
The following table details the allotment made to each warrant holder:
| Allottee: | Category | Warrants Held | Warrants Converted | Equity Shares Allotted | Amount Received (₹) |
|---|---|---|---|---|---|
| Kejal Haria | Public | 4,16,667 | 4,16,667 | 4,16,667 | 18,75,001 |
| Tejas Virkar | Public | 2,50,000 | 2,50,000 | 2,50,000 | 11,75,000 |
| Trupti Shukla | Public | 2,50,000 | 2,50,000 | 2,50,000 | 11,75,000 |
| Ashvin Shukla | Public | 1,66,667 | 1,66,667 | 1,66,667 | 7,50,001 |
| Total | 10,83,334 | 10,83,334 | 10,83,334 | 48,75,002 |
Impact on Paid-Up Share Capital
Following the allotment, the company's paid-up equity share capital has increased as detailed below:
| Parameter: | Details |
|---|---|
| Pre-Allotment Paid-Up Capital | ₹27,76,66,676 |
| Post-Allotment Paid-Up Capital | ₹28,20,00,012 |
| Equity Shares Allotted | 10,83,334 |
| Face Value per Share | ₹4 |
| Issue Price per Warrant | ₹6 |
| Exercise Price (75% of Issue Price) | ₹4.5 per warrant |
| Total Amount Received | ₹48,75,002 |
| Number of Allottees | 4 |
Regulatory Compliance
The allotment has been disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The issuance was structured as a preferential allotment on a private placement basis. The company has made the relevant information available on its website at www.istreetnetwork.com . The disclosure was signed by Pratibha Ranka, Company Secretary and Compliance Officer of iStreet Network Limited.
Historical Stock Returns for iStreet Network
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.98% | 0.0% | 0.0% | 0.0% | 0.0% | +2,692.35% |
How might the ~1.56% dilution in iStreet Network's paid-up share capital impact existing shareholders' earnings per share and stock price in the near term?
Are there any remaining unexercised warrants from the November 2025 preferential allotment, and what is the deadline for their conversion into equity shares?
What strategic initiatives or capital deployment plans does iStreet Network's management intend to fund using the proceeds from this warrant conversion?


































