StockWatch
·
Internet & Catalogue Retail
Corporate Action2 Nov 2026, 11:39 am

iStreet Network Allots 11.66 Lakh Shares on Warrant Conversion

AI Summary

iStreet Network Ltd has approved the conversion of 11,66,666 warrants into an equal number of equity shares. This conversion, approved via a circular resolution by the Board of Directors on November 1, 2026, was made for cash upon receipt of the exercise price of ₹4.5 per warrant. The total amount received for this conversion is ₹52,49,996 (₹52.50 Lacs). The newly allotted shares will rank pari-passu with existing equity shares. This allotment has increased the company's paid-up equity share capital from ₹28,78,66,680 to ₹29,25,33,344.

Key Highlights

  • 11,66,666 warrants converted into equity shares.
  • Total proceeds from conversion: ₹52,49,996 (₹52.50 Lacs).
  • Paid-up equity capital increased to ₹29,25,33,344.
  • Allotted shares rank pari-passu with existing equity.