BSECompany Update2 Nov 2026 · 2 Nov 2026, 11:38 am
Allotment of Equity Shares pursuant to conversion of warrants through circular resolution
iStreet Network Ltd · 524622
✦ AI SummaryFundraise
iStreet Network Ltd has allotted 11,66,666 equity shares to warrant holders at ₹ 4.5 per share, increasing the paid-up equity share capital from ₹ 28,78,66,680 to ₹ 29,25,33,344.
Analysis Scores
Earnings Impact2/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
iStreet Network Ltd - 524622 - Announcement under Regulation 30 (LODR)-Allotment
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November 02, 2026
The Department of Corporate Services,
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400001
Scrip Code: 524622
Dear Sir/ Madam,
Sub: Outcome of the Circular Resolution passed by the Board of Directors of iStreet Network Limited (the
“Company”) on November 01, 2026 - Allotment of Equity Shares pursuant to Conversion of Warrant by the
Warrant holder(s)
Pursuant to Regulation 30 of the SEBI (listing Obligation and Disclosure Requirement) Regulations, 2015, as amended
(“Listing Regulations”), we wish to hereby inform you that the Board of Directors of Company through resolution
passed by circular on November 01, 2026 have approved the conversion of 11,66,666 warrants into 11,66,666 Equity
Shares of face value of ₹ 4 each issued to the below mentioned Warrant holder(s) as detailed in Annexure A, pursuant
to the exercise of their rights of conversion into equity shares in accordance with the provisions of SEBI ICDR
Regulations, 2018.
The allotment has been made for cash, upon the receipt of the exercise price of ₹ 4.5 per Share Warrant (being an
amount equivalent to the 75% of the Warrant Issue price of ₹ 6 per Warrant), aggregating to ₹ 52,49,996 (Rupees Fifty-
Two Lakhs Forty-Nine Thousand Nine Hundred Ninety-Six Only).
These equity shares allotted on conversion of the warrants shall rank pari-passu, in all respects with the existing equity
shares of the Company, including dividend, if any.
Post the allotment of afore-mentioned equity shares, the paid-up equity share capital of the Company has increased
from ₹ 28,78,66,680 (Twenty-Eight Crore Seventy-Eight Lacs Sixty-Six Thousand Six Hundred and Eighty Only) to ₹
29,25,33,344 (Twenty-Nine Crore Twenty-Five Lacs Thirty-Three Thousand Three Hundred and Forty-Four Only).
The details pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are enclosed as Annexure B to this letter.
The above information is also being made available on the website of the Company at www.istreetnetwork.com
We request you to kindly take note of the same.
For iStreet Network Limited
Uttam Dave
Managing Director
Annexure A
The names of the allottees of Equity Shares pursuant to Conversion of Warrants
allotted on Preferential Basis:
Sr. Name of Warrant Category No. of No. warrants No. of Amount
No holder(s) warrants held applied Equity shares Received
for allotted being 75% of the
conversion issue price
per warrant
(in ₹)
1 Rajesh Bisaria Public 5,00,000 5,00,000 5,00,000 22,50,000
2 Arti Bisaria Public 3,33,333 3,33,333 3,33,333 14,99,998
3 Ayush Bisaria Public 3,33,333 3,33,333 3,33,333 14,99,998
Total 11,66,666 11,66,666 11,66,666 52,49,996
Annexure B
The details pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are as under:
Sr. No Particulars Description
1 Type of securities issued Equity Shares pursuant to conversion of warrants.
2 Type of issuance Preferential allotment, on a private placement basis
3 Total number of securities issued Issue of 11,66,666 Equity Shares of face value of ₹ 4 each
or the total amount for which the upon conversion of equal number of Warrants at an issue
price of ₹ 6 each (Rupees Six only) upon receipt of balance
securities issued (approximately)
amount at the rate of ₹ 4.5 (Rupees Four and Fifty Paisa
Only) per warrant (being 75% of the issue price per warrant)
aggregating to ₹ 52,49,996 (Rupees Fifty-Two Lakhs Forty-
Nine Thousand Nine Hundred Ninety-Six Only).
Additional information in case of preferential issue:
4 Name of the Allottee As per Annexure A
5 Post allotment of securities Post the allotment of afore-mentioned equity shares, the paid-up
Outcome of the subscription, equity share capital of the Company has increased from ₹
28,78,66,680 (Twenty-Eight Crore Seventy-Eight Lacs Sixty-Six Thousand
Six Hundred and Eighty Only) to ₹ 29,25,33,344 (Twenty-Nine Crore
Twenty-Five Lacs Thirty-Three Thousand Three Hundred and Forty-Four
Only)
Issue price / allotted price (in
Warrants had been allotted on November 30, 2025 and
case of convertibles),
December 04, 2025 carrying a right to subscribe to 1 Equity
Share per warrant on receipt of amount at the rate of ₹ 1.5 per
warrant (being 25% of the issue price per warrant).
Now, 11,66,666 Equity Shares have been allotted on receipt
of balance amount at the rate of ₹ 4.5 per warrant (being 75%
of the issue price per warrant)
Number of investors
3 (Three)