iStreet Network Limited has disclosed the resignation of its Managing Director, Mr. Rakesh Rathi, effective from the closing of business hours on May 12, 2026. The development was communicated to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed by Pratibha Ranka, Company Secretary and Compliance Officer of iStreet Network Limited.

Resignation Details

Mr. Rakesh Rathi submitted his formal resignation letter dated May 12, 2026, stepping down from the positions of Managing Director and Director of the company. He also simultaneously resigned as a member of all board committees of the company. The key details of the resignation, as disclosed under Annexure A of the regulatory filing, are summarised below:

Tenure and Outgoing Statement

In his resignation letter addressed to the Board of Directors, Mr. Rathi noted a 15-month association with iStreet Network Limited. He acknowledged working closely with the Board and leadership team on the company's strategic objectives, including capital market initiatives. Mr. Rathi expressed gratitude to the Board, employees, and shareholders for their trust and support during his tenure.

Mr. Rathi also requested the Board to undertake the necessary statutory and regulatory compliances, including applicable disclosures and filings, in connection with his resignation. He indicated his intention to continue contributing in the broader capital markets and strategic advisory space going forward.

Regulatory Compliance

The intimation was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted by Pratibha Ranka in her capacity as Company Secretary and Compliance Officer of iStreet Network Limited, headquartered at Unit No. A-2, 2nd Floor, D J House, Old Nagardas Road, Andheri East, Mumbai – 400069.

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:

Impact on Paid-Up Share Capital

Following the allotment, the company's paid-up equity share capital has increased as detailed below:

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.