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.

iStreet Network Limited has announced a significant addition to its leadership team, appointing Bhargeshwar Banerji as an Additional Independent Director. This strategic move, aimed at strengthening the company's corporate governance, brings a wealth of experience in financial regulation and risk management to the board.

Key Appointment Details

Banerji's Impressive Background

Bhargeshwar Banerji brings over three decades of experience in the regulatory and financial sectors to iStreet Network. His career highlights include:

• Served as Chief General Manager at the Reserve Bank of India (RBI)
• Expertise in supervision and regulation of banks and NBFCs
• Key role in establishing the Risk Specialist Division at RBI
• Chaired the Technical Advisory Group for reviewing RBS and CAMELS rating models

Areas of Expertise

Banerji's core competencies include:

• Governance
• Cybersecurity and IT risk assessment
• Financial fraud risk management
• Regulatory compliance

Educational Qualifications

Strengthening Corporate Governance

The appointment of Banerji aligns with iStreet Network's commitment to enhancing its corporate governance structure. His extensive experience in financial regulation and risk management is expected to provide valuable insights to the company's board.

Regulatory Compliance

The company has confirmed that Banerji is not related to any promoters, members of the promoter group, or directors of iStreet Network. Additionally, he is not debarred from holding the office of director by any order of SEBI or any other authority.

This appointment, subject to shareholder approval at the upcoming annual general meeting, marks a significant step for iStreet Network in bolstering its leadership team with seasoned expertise in financial governance and regulatory matters.