iStreet Network Ltd Receives BSE Listing Approval for 10,83,334 Equity Shares Issued on Preferential Basis

1 min read     Updated on 01 Aug 2026, 12:04 PM
scanx
Reviewed by
Suketu GScanX News Team
AI Summary

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.

powered bylight_fuzz_icon
47111659

*this image is generated using AI for illustrative purposes only.

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 Day5 Days1 Month6 Months1 Year5 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?

iStreet Network reports ₹299.38 crore related party transactions in FY26

1 min read     Updated on 30 May 2026, 03:56 PM
scanx
Reviewed by
Suketu GScanX News Team
AI Summary

iStreet Network Limited disclosed related party transactions worth ₹299.38 crore for FY26. The transactions involved purchases from Indygen Labs Private Limited and Healtech Software India Private Limited, both sharing a common director relationship. The audit committee approved and ratified these transactions on May 29, 2026.

powered bylight_fuzz_icon
41682395

*this image is generated using AI for illustrative purposes only.

iStreet network disclosed related party transactions totaling ₹299,383,347.3 for the financial year ended March 31, 2026, pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transactions primarily involved the purchase of goods or services from two entities sharing a common director relationship with the listed entity. The total value of these transactions was ratified by the audit committee on May 29, 2026.

The related party transactions were conducted with Indygen Labs Private Limited and Healtech Software India Private Limited. Both counterparties share a common director relationship with iStreet Network Limited. The aggregate value of transactions with these parties during the reporting period amounted to ₹299,383,347.3.

The audit committee approved the transactions and subsequently ratified them during a meeting held on May 29, 2026. The table below details the individual transaction values, approved amounts, and the outstanding balances due to or from the parties as of the reporting date.

Sr. No. Name of Counterparty Relationship Type of Transaction Value Approved by Audit Committee (₹) Value Ratified by Audit Committee (₹) Value During Reporting Period (₹) Opening Balance (₹) Closing Balance (₹)
1 Indygen Labs Private Limited Common Director Purchase of goods or services 252,350,521.00 252,350,521.00 252,350,521.00 22,300,000.40 154,828,000.00
2 Healtech Software India Private Limited Common Director Purchase of goods or services 47,032,826.34 179,748,913.00 47,032,826.34 147,096,000.00 47,032,826.34
Total 299,383,347.3 299,383,347.3

The disclosure was submitted to BSE Limited on May 30, 2026, by Pratibha Ranka, Company Secretary and Compliance Officer of iStreet Network Limited. The filing provides details of the transactions for the information and records of the stock exchange.

Historical Stock Returns for iStreet Network

1 Day5 Days1 Month6 Months1 Year5 Years
+2.57%-1.22%-5.59%-5.09%+234.97%+1,885.41%

How will the significant outstanding balance of ₹154.8 million due to Indygen Labs impact iStreet Network's cash flow and liquidity in the upcoming fiscal year?

Does the substantial variance between the approved and ratified amounts for Healtech Software indicate potential changes in transaction scope or pricing adjustments?

Will iStreet Network seek to diversify its vendor base to reduce reliance on entities with common director relationships?

More News on iStreet Network

1 Year Returns:+234.97%