iStreet Network Limited has received a significant boost to its capital raising plans. The company announced that it has secured in-principle approval from the Bombay Stock Exchange (BSE) for a substantial preferential issue of equity shares and warrants.

Approval Details

The BSE has given the green light for iStreet Network to issue:

*Warrants are convertible into equity shares

Key Points of the Approval

• The preferential issue is targeted at both promoters and non-promoters of the company.
• The total potential capital that could be raised through this issue amounts to Rs. 87.60 crore.
• The approval is subject to the company's compliance with regulatory requirements.
• Allottees will need to provide undertakings regarding trading restrictions on the allotted securities.

Implications

This approval marks a significant step for iStreet Network in its efforts to raise capital. The preferential issue, if fully subscribed, could provide the company with substantial funds for its operations and growth initiatives. However, it's important to note that this is an in-principle approval, and the company will need to fulfill all regulatory requirements to complete the issue.

Investor Considerations

Investors should be aware that:

1. The conversion of warrants into equity shares could lead to dilution of existing shareholdings.
2. The preferential issue to promoters may affect the company's shareholding pattern.
3. The success of the issue will depend on investor interest and market conditions.

As always, investors are advised to conduct their own research and consider their financial goals before making investment decisions based on this development.

iStreet Network Limited , a company listed on the Bombay Stock Exchange (BSE: 524622), has announced several key board resolutions following a meeting held on November 13, 2025. The company's Board of Directors approved significant changes in leadership and ownership structure, as well as a notable related party transaction.

Key Board Resolutions

New Independent Director Appointment

The board approved the appointment of Mr. Shailesh Chitre as an Additional Independent Director of the company. This move is expected to bring fresh perspectives and expertise to iStreet Network's leadership team.

Promoter Reclassification

The board has given its approval for the reclassification of promoter status. This decision comes in response to a request from Mr. Pradeep Malu, a promoter, along with his Persons Acting in Concert (PACs).

Related Party Transaction Approval

Subject to member approval, the board has sanctioned a related party transaction involving the engagement of Highlanders India, a partnership firm, as the travel partner for iStreet Network Limited. It's worth noting that Ms. Veena Dave, one of the partners at Highlanders India, is the spouse of Mr. Uttam Dave, who serves as the Chairman of iStreet Network Limited.

Promoter Shareholding Details

The LODR data provides insights into the current promoter shareholding structure, which may be subject to change following the approved reclassification:

The reclassification of promoter status, as approved by the board, may lead to changes in this shareholding structure. Shareholders and market observers will likely be keen to see how this reclassification affects the company's ownership dynamics.

These board resolutions, particularly the appointment of a new independent director and the promoter reclassification, signal potential shifts in iStreet Network's governance and ownership structure. The company's stakeholders will be watching closely to see how these changes impact the organization's strategic direction and performance in the coming months.

The board meeting, which commenced at 12:30 PM and concluded at 1:15 PM on November 13, 2025, was held on shorter notice, as indicated in the company's prior intimation to the BSE on November 12, 2025.

Investors and market participants are advised to keep an eye on further announcements from iStreet Network Limited as these resolutions are implemented and their impacts unfold.