iStreet Network Ltd Receives BSE Listing Approval for 10,83,334 Equity Shares Issued on Preferential Basis
iStreet Network Ltd has received BSE listing approval for 10,83,334 equity shares of Rs. 4/- each, issued at a premium of Rs. 2/-, to non-promoters on a preferential basis via conversion of warrants. The approval was granted vide BSE letter LOD/PREF/AP/FIP/591/2026-27 dated July 31, 2026, with shares bearing distinctive numbers 69416670 to 70500003. Trading approval is contingent upon submission of NSE listing approval (if applicable) and NSDL/CDSL confirmation letters. The company must also apply for trading approval within seven working days of the listing approval date, as per SEBI regulations.

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iStreet Network Ltd has received listing approval from BSE Limited for 10,83,334 equity shares issued to non-promoters on a preferential basis, following the conversion of warrants. The company disclosed this development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
BSE Listing Approval Details
The listing approval was granted by BSE Limited vide letter LOD/PREF/AP/FIP/591/2026-27 dated July 31, 2026. The key details of the approved shares are summarised below:
| Parameter: | Details |
|---|---|
| Number of Shares: | 10,83,334 equity shares |
| Face Value: | Rs. 4/- each |
| Premium: | Rs. 2/- per share |
| Distinctive Numbers: | 69416670 to 70500003 |
| Issued To: | Non-promoters |
| Basis of Issue: | Preferential allotment (conversion of warrants) |
| Approval Letter Reference: | LOD/PREF/AP/FIP/591/2026-27 |
| Date of Approval: | July 31, 2026 |
Conditions for Trading Approval
BSE Limited has stipulated that trading approval for the above-mentioned shares will be granted only after the company fulfils the following requirements:
- Submission of listing approval from the National Stock Exchange of India Ltd. (if applicable)
- Confirmation letters from NSDL/CDSL regarding crediting of the shares to respective beneficiary accounts or admission of capital to the depository system
- Confirmation letters from NSDL/CDSL regarding lock-in of pre-preferential holding (if applicable)
Regulatory Compliance Requirements
BSE has directed iStreet Network to ensure compliance with Regulation 167 of SEBI (ICDR) Regulations. Additionally, should there be a change exceeding two per cent of the total paid-up share capital, the company is required to file the shareholding pattern in XBRL mode as mandated under Regulation 31(1)(c) of SEBI LODR Regulations, 2015.
Further, as per Schedule XIX of ICDR Regulations and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, the company is required to make an application for trading approval to the stock exchange within seven working days from the date of grant of listing approval. Non-compliance with this requirement will attract fines as specified in the said SEBI circular.
The intimation was signed by Pratibha Ranka, Company Secretary and Compliance Officer of iStreet Network Ltd, and the BSE approval letter was issued by Janardhan Wagle, Deputy Vice President, and Akshata Mhatre, Deputy Manager.
Historical Stock Returns for iStreet Network
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.57% | -1.22% | -5.59% | -5.09% | +234.97% | +1,885.41% |
How might the conversion of warrants into equity shares impact iStreet Network's current promoter holding and overall corporate governance structure?
What are the potential implications for iStreet Network's stock liquidity and price volatility once trading approval is granted on both BSE and NSE?
Could the preferential allotment signal upcoming strategic partnerships or capital deployment plans for iStreet Network in the near future?


































