StockWatch
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Internet & Catalogue Retail
Corporate Action10 Jul 2026, 05:10 pm

iStreet Network Allots 5 Lakh Equity Shares on Warrant Conversion

AI Summary

iStreet Network Ltd has approved the conversion of 5,00,000 warrants into 5,00,000 Equity Shares of face value ₹4 each. The conversion was exercised by warrant holders upon payment of ₹4.5 per share, totaling ₹22,50,000. This allotment, made for cash, increases the company's paid-up equity share capital from ₹28,28,00,012 to ₹28,48,00,012. The new equity shares rank pari-passu with existing shares. The warrants were originally issued on November 28, 2025.

Key Highlights

  • 5,00,000 warrants converted into equity shares.
  • Total funds received from conversion: ₹22,50,000.
  • Paid-up equity capital increased to ₹28,48,00,012.
  • Allotted shares rank pari-passu with existing equity.