iStreet Network Limited has successfully completed the conversion of 11,16,667 warrants into equity shares through a board resolution passed on March 27, 2026. The conversion represents a significant capital raising exercise for the company, generating proceeds of ₹50,24,999 through the preferential allotment process.

Warrant Conversion Details

The board approved the conversion of warrants into equity shares with a face value of ₹4.00 each. The warrant holders exercised their conversion rights at ₹4.50 per warrant, which constitutes 75% of the original warrant issue price of ₹6.00 per warrant. This conversion mechanism was structured in accordance with SEBI ICDR Regulations, 2018.

Allottee Distribution

The warrant conversion involved four individual investors, all categorized under the public category. The distribution shows a concentrated allocation among the warrant holders:

Vipin Mishra and Deldan Otsal emerged as the largest beneficiaries, each converting 4,16,667 warrants, while Viral S. Acharya had the smallest conversion of 33,333 warrants.

Impact on Share Capital

The warrant conversion has resulted in a substantial increase in the company's paid-up equity share capital. The capital structure transformation reflects the successful completion of the warrant exercise process:

Regulatory Compliance and Share Rights

The allotment was executed under Regulation 30 of SEBI Listing Regulations, ensuring full regulatory compliance. The newly allotted equity shares carry identical rights as existing shares, including dividend entitlements and voting rights. The warrants were originally allotted on November 28, 2025, with holders initially paying 25% of the issue price (₹1.50 per warrant) and now completing the remaining 75% payment for conversion.

The conversion process demonstrates the company's ability to successfully execute its capital raising strategy through the warrant mechanism, providing existing warrant holders with the opportunity to participate in the company's equity growth while strengthening the overall capital base.

iStreet Network Limited has completed the process for issuing a duplicate share certificate on March 20, 2026, in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed BSE Limited about this corporate action as mandated under regulatory requirements.

Duplicate Certificate Details

The duplicate share certificate was issued under Regulation 39(3) of SEBI regulations and SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated January 25, 2022. The certificate pertains to a single shareholder with specific folio details.

Regulatory Compliance

The company has followed the prescribed process under SEBI regulations for issuing duplicate certificates. iStreet Network Limited will issue a letter of confirmation after completing the further process as required by the regulatory framework.

Corporate Communication

The intimation was signed by Pratibha Ranka, Company Secretary and Compliance Officer, and submitted to the Department of Corporate Services at BSE Limited. The communication includes the company seal and maintains compliance with disclosure requirements for listed entities.

This corporate action represents routine administrative compliance by iStreet Network Limited with SEBI's listing obligations and disclosure requirements.