iStreet Network Limited Allots 10,83,334 Equity Shares on Conversion of Warrants, Paid-Up Capital Rises to ₹28,20,00,012

2 min read     Updated on 06 May 2026, 06:26 PM
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Riya DScanX News Team
AI Summary

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.

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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 Day5 Days1 Month6 Months1 Year5 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?

iStreet Network Limited Receives Regulation 40(9) Audit Certificate for FY26

1 min read     Updated on 30 Apr 2026, 01:50 AM
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Reviewed by
Riya DScanX News Team
AI Summary

iStreet Network Limited received its Regulation 40(9) audit certificate for FY26 from practicing company secretary Ms. Neha Poddar on April 29, 2026. The certificate confirms compliance with share transfer and transmission requirements for the period April 1, 2025 to March 31, 2026, with all certificates issued within the mandatory thirty-day timeframe except technical rejections.

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iStreet Network Limited has obtained its mandatory audit certificate under Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 for the financial year ended March 2026. The certificate was issued by Ms. Neha Poddar, a practicing company secretary, and submitted to BSE Limited on April 29, 2026.

Regulatory Compliance Certificate

The audit certificate covers the period from April 1, 2025 to March 31, 2026 and examines all share transfer forms, memorandum of transfers, registers, files and other documents maintained by Adroit Corporate Services Private Limited, the company's registrar and transfer agent.

Compliance Parameter: Status
Share Transmission Requests: Processed within 30 days
Duplicate Certificate Requests: Issued within 30 days
Technical Rejections: Excluded from timeline
Split/Consolidation Requests: No requests received

Key Certification Points

Ms. Neha Poddar's certification confirms two critical compliance areas:

  • Share Transmission: All requests for transmission of shares received during FY26 were processed and share certificates issued within thirty days from the respective date of lodgment, except those rejected on technical grounds.
  • Duplicate Certificates: All requests for duplicate share certificates for converting physical shares to demat form were processed within the mandatory thirty-day period, excluding technical rejections.

Additional Observations

The audit revealed no requests relating to split, consolidation of shares, or exchange or endorsement of calls/allotment monies during the examined period. This indicates minimal corporate action activity during FY26.

Certificate Details

Parameter: Details
Certifying Authority: Ms. Neha Poddar
Membership Number: A33026
Certificate of Practice: 12190
UDIN Number: A033026H000237494
Issue Date: April 29, 2026
Issue Location: Kolkata

The certificate demonstrates iStreet Network Limited's adherence to SEBI's regulatory framework for share transfer operations and maintains its compliance status with listing obligations.

Historical Stock Returns for iStreet Network

1 Day5 Days1 Month6 Months1 Year5 Years
-1.98%0.0%0.0%0.0%0.0%+2,692.35%

Will iStreet Network's minimal corporate action activity in FY26 signal a shift toward more aggressive growth strategies in the upcoming fiscal year?

How might SEBI's evolving regulatory framework impact share transfer compliance requirements for listed companies like iStreet Network in FY27?

Could the company's consistent compliance record position it favorably for potential institutional investor interest or rating upgrades?

More News on iStreet Network

1 Year Returns:0.00%