istreet network Limited has received listing approval from BSE Limited for 4,51,66,668 equity shares issued on a preferential basis. The approval was communicated through BSE's letter LOD/PREF/DA/FIP/1798/2025-26 dated March 04, 2026, marking a significant milestone in the company's capital expansion plans.

Share Issue Details

The approved equity shares carry specific parameters that define their market positioning and ownership structure:

Regulatory Compliance Requirements

BSE Limited has outlined several compliance requirements that iStreet Network Limited must fulfill before trading approval is granted. The exchange has emphasized adherence to Regulation 167 of SEBI (ICDR) Regulations and other SEBI specifications.

Key compliance requirements include:

• Filing shareholding pattern in XBRL mode if changes exceed two percent of total paid-up share capital
• Obtaining listing approval from National Stock Exchange of India Ltd. (if applicable)
• Securing confirmation letters from NSDL/CDSL regarding crediting shares to beneficiary accounts
• Obtaining confirmation for lock-in of pre-preferential holding (if applicable)

Trading Approval Timeline

The company must adhere to strict timelines for trading approval as per SEBI regulations. According to Schedule XIX of ICDR Regulations and SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, listed entities must apply for trading approval within seven working days from the date of listing approval grant.

Corporate Communication

The listing approval notification was signed by Pratibha Ranka, Company Secretary and Compliance Officer of iStreet Network Limited. The company is headquartered at Unit No. A-2, 2nd Floor, D J House, Old Nagardas Road, Andheri East, Mumbai - 400069, and operates under the corporate identification number L62013MH1986PLC040232.

The BSE approval letter was issued by Prachi Babadi, Manager, and Dhananjay Apte, Deputy Manager, representing the exchange's commitment to facilitating the listing process while ensuring regulatory compliance.

iStreet Network Limited has formally submitted an application to the Bombay Stock Exchange (BSE) for reclassifying certain promoter shareholdings under SEBI regulations. The company filed the application on February 05, 2026, seeking to reclassify five shareholders from the "Promoter/Promoter Group" category to the "Public" category.

Regulatory Compliance and Application Details

The application has been submitted in accordance with Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides a framework for promoters to reclassify their shareholding from the promoter category to the public category under specific conditions and procedures.

Shareholding Details for Reclassification

The reclassification application covers five shareholders with varying stake sizes:

The largest individual holding among the five shareholders belongs to Meenu Malu with 4,15,500 shares (1.95%), while Meethu Malu holds the smallest stake with 2,00,000 shares (0.94%).

Corporate Governance Implications

The reclassification of these shareholdings will result in a reduction of the promoter and promoter group shareholding by 6.30%. This move aligns with regulatory requirements and corporate governance practices that encourage broader public participation in listed companies. The application specifically targets one promoter and four promoter group members for reclassification.

Company Information and Next Steps

The application was signed by Pratibha Ranka, Company Secretary and Compliance Officer of iStreet Network Limited. The company, incorporated under the identifier L62013MH1986PLC040232, is headquartered at Unit No. A-2, 2nd Floor, D J House, Old Nagardas Road, Andheri East, Mumbai - 400069. The BSE will now review the application as per the prescribed regulatory procedures under SEBI regulations.