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.

iStreet Network Limited has received requests from certain promoter group shareholders to reclassify their shareholding from the promoter/promoter group category to the public category. This move comes in the wake of a significant change in the company's shareholding structure.

Reclassification Requests

Two key members of the promoter group have submitted reclassification requests:

Recent Shareholding Changes

The reclassification requests follow a substantial transfer of shares:

• 85 lakh shares (39.91% of the company) were transferred to Yash Maheshwari and Uttam Ishwarlal Dave through a share purchase agreement.
• Following this transfer, the promoter group's total shareholding stands at 13.30%.

Next Steps

The reclassification requests will be considered by iStreet Network's Board of Directors. Any approved changes will require stock exchange approval under SEBI regulations.

Promoter Undertakings

The promoters seeking reclassification have provided undertakings stating that they:

• Do not exercise control over the company's affairs
• Meet the conditions for reclassification to the public category

Upcoming Board Meeting

According to the latest LODR data, iStreet Network has scheduled a board meeting for November 13, 2025. The agenda includes:

1. Consideration and appointment of a Director
2. Consideration and approval of promoter reclassification
3. Consideration and approval of related party transactions

This board meeting aligns with the recent reclassification requests and suggests that the company is taking prompt action on the matter.

Current Promoter Group Shareholding

As per the LODR data, the current promoter group shareholding structure is as follows:

The reclassification, if approved, would further reduce the promoter group's shareholding in iStreet Network Limited.