iStreet Network Limited, a company listed on the Bombay Stock Exchange (BSE) under the scrip code 524622, has issued a significant update regarding its recently declared interim dividend. The company has released a corrigendum to its previous board meeting outcome, clarifying the process for the interim dividend distribution.

Key Points of the Corrigendum

• The requirement for shareholder approval at the Annual General Meeting (AGM) for the interim dividend has been removed.
• This correction pertains to the board meeting outcome filed on August 16, 2025.
• All other information from the original outcome remains unchanged.

Background and Details

The corrigendum, dated August 25, 2025, was communicated to the BSE Limited and other regulatory bodies, including the National Securities Depository Limited (NSDL), Central Depository Services Limited (CDSL), and the company's registrar, Adroit Corporate Services Private Limited.

Pratibha Ranka, the Company Secretary of iStreet Network Limited, signed the corrigendum, emphasizing the company's commitment to transparent communication with its stakeholders and regulatory compliance.

Implications for Shareholders

This update simplifies the dividend distribution process for iStreet Network Limited. Shareholders should note that the interim dividend, as declared in the August 16, 2025 board meeting, will now proceed without the previously mentioned requirement of approval at the Annual General Meeting.

Company Information

iStreet Network Limited, with the Corporate Identification Number (CIN) L51900MH1986PLC040232, is headquartered at:

107, Sonal Industrial Estate Linking Road, Malad West Mumbai 400064

Investors and stakeholders can reach out to the company via:

• Phone: +91 9820064665
• Email: info@istreetnetwork.com
• Website: www.istreetnetwork.com

This corrigendum underscores iStreet Network's adherence to regulatory requirements and its efforts to maintain clear communication with its shareholders and the market at large.

iStreet Network Limited, a Mumbai-based company, has made significant announcements regarding its dividend payout and board composition. The company's Board of Directors has approved an interim dividend and noted the resignation of three key board members, leading to a restructuring of various committees.

Interim Dividend Declaration

In a meeting held on August 16, 2025, iStreet Network's Board of Directors recommended an interim dividend of Rs 0.10 per equity share for the financial year 2025-26. This dividend payout is subject to shareholder approval at the upcoming Annual General Meeting. The company has set August 22, 2025, as the record date for determining eligible shareholders to receive the dividend.

Board Resignations and Restructuring

The company also announced the resignation of three directors:

1. Mr. Pradeep Malu - Non-Executive Director
2. Mr. Ravindra Kala - Independent Director
3. Mr. Suresh Jain - Independent Director

Following these departures, iStreet Network has reconstituted its various committees to ensure continued corporate governance and oversight. The restructured committees include:

1. Audit Committee
2. Nomination and Remuneration Committee
3. Stakeholder Relationship Committee
4. Independent Directors Committee
5. Risk Management Committee

New Committee Compositions

The reconstituted committees now have the following structures:

Audit Committee

Nomination and Remuneration Committee

Stakeholder Relationship Committee

Independent Directors Committee

Risk Management Committee

The company has also formed a Business Review Committee, chaired by Mr. Uttam Dave (Whole Time Director), with Mr. Rakesh Rathi (Managing Director) and Mr. Padmanabhan (Non-Executive Director) as members.

These changes in the board composition and committee structures are expected to bring fresh perspectives to iStreet Network's corporate governance.