iStreet Network Limited has successfully completed a significant capital raise through a preferential allotment of equity shares and warrants. The company's board of directors approved the allotment on November 28, 2025, following shareholder approval at the Annual General Meeting held on September 26, 2025.

Key Details of the Allotment

Equity Share Allotment

The company issued 93,83,332 equity shares at ₹6 per share, raising a total of ₹5.63 crore. These shares were allotted to 12 investors, with notable allocations including:

• Chandbaboo Gupta: 16,66,667 shares
• Somapika Sarkar: 8,33,333 shares
• Vimmi Vij: 8,33,333 shares
• Mekhla Gusain: 8,33,333 shares

Warrant Issuance

In addition to the equity shares, iStreet Network also issued 2,44,50,002 warrants at ₹6 per warrant. These warrants are convertible into an equal number of equity shares upon conversion. The warrant issuance raised ₹14.67 crore, with key allottees including:

• Gulab Chand R. Taparia HUF: 3,25,000 warrants
• Mukesh Rathi: 16,00,000 warrants
• Joydeep Sarkar HUF: 25,00,000 warrants

Use of Funds and Future Implications

The capital raise of ₹20.3 crore through this preferential allotment is likely to strengthen iStreet Network's financial position. While the specific use of funds was not disclosed in the announcement, the additional funds could potentially be used for business expansion, debt reduction, or working capital requirements.

The conversion of warrants into equity shares in the future will further increase the company's equity base. Investors should note that this may lead to dilution of existing shareholdings, but it also represents a vote of confidence from the new investors in the company's future prospects.

Regulatory Compliance

The preferential allotment was conducted in accordance with the provisions of SEBI (Issue of Capital and Disclosures Requirements) Regulations, 2018. The company received in-principle approval from BSE Limited on November 19, 2025, ensuring compliance with listing requirements.

Investors and market participants may want to monitor future announcements from iStreet Network Limited for updates on the utilization of funds and any strategic initiatives that may follow this capital infusion.

iStreet Network Limited, a company positioning itself at the forefront of artificial intelligence (AI) solutions, recently held an investor conference call to outline its vision for becoming a leading AI-delivered company. The management team, led by CEO Uttam Dave, shared insights into their strategic partnerships and plans to revolutionize various sectors through AI integration.

Strategic Partnerships and Focus Areas

iStreet Network has forged strategic partnerships with IndyAstra in the defense sector and IndyGen Labs for developing an AI ecosystem. The company aims to provide AI solutions across multiple sectors, including:

• Banking
• Agriculture
• Healthcare
• Cybersecurity

'Sanjeevani of AI' Vision

The management introduced their concept of 'Sanjeevani of AI', positioning the company as a comprehensive AI solutions provider. This approach involves:

• Integrating various AI technologies and expertise
• Focusing on predictive analytics and data-driven decision making
• Emphasizing security and regulatory compliance in AI applications

Upcoming Developments

During the call, management hinted at being close to announcing prominent client wins in the current quarter, suggesting potential growth in their client base and market presence.

Business Model and Revenue Streams

The company indicated that their revenue model would primarily be based on Annual Recurring Revenue (ARR) from their AI solutions and services. However, specific financial projections were not provided.

Challenges and Differentiation

In a crowded AI market, iStreet Network aims to differentiate itself through:

• Assembling a team of experienced professionals from various domains
• Focusing on solving complex, industry-specific problems
• Emphasizing data security and regulatory compliance

Investor Concerns and Management Response

During the Q&A session, investors raised questions about:

1. Competition in the AI space
2. The company's ability to secure and handle sensitive data
3. Justification for recent equity dilution

Management responded by emphasizing their unique approach, partnerships with domain experts, and long-term vision for the company.

Conclusion

iStreet Network's ambitious AI strategy positions the company as a potential player in the rapidly evolving AI landscape. While the management's vision is bold, investors will likely be watching closely for concrete results and client announcements in the coming quarters to validate the company's approach and potential in the competitive AI market.