Transmission of Shares7 March 2026 at 09:03 am
iStreet Network Ltd Allots 18,33,334 Equity Shares Following Warrant Conversion
AI Summary
iStreet Network Ltd has allotted 18,33,334 equity shares pursuant to the conversion of warrants by warrant holders. The allotment was made for a cash consideration of ₹ 1,10,00,004 (Rupees One Crore Ten Lacs and Four Only) upon the receipt of the exercise price of ₹ 4.5 per share warrant. The allotted shares will rank pari-passu with the existing equity shares of the company. The paid-up equity share capital of the company has increased from ₹ 26,58,66,672 to ₹ 27,32,00,008 post the allotment.
Key Highlights
- iStreet Network Ltd allotted 18,33,334 equity shares following warrant conversion.
- The allotment was made for a cash consideration of ₹ 1,10,00,004.
- The allotted shares will rank pari-passu with the existing equity shares of the company.
- The paid-up equity share capital of the company has increased from ₹ 26,58,66,672 to ₹ 27,32,00,008 post the allotment.
- Warrants were allotted on November 28, 2025, carrying a right to subscribe to 1 Equity Share per warrant.