StockWatch
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Internet & Catalogue Retail
Corporate Action2 Jul 2026, 04:50 pm

iStreet Network Converts 2 Lakh Warrants to Equity Shares

AI Summary

iStreet Network Ltd announced the conversion of 2,00,000 warrants into 2,00,000 equity shares of face value ₹4 each. The conversion was approved by the Board of Directors via a circular resolution on July 02, 2026. The allotment was made for cash upon receipt of ₹4.5 per warrant, totaling ₹9,00,000. This conversion increases the company's paid-up equity share capital from ₹28,20,00,012 to ₹28,28,00,012. The newly allotted shares will rank pari-passu with existing equity shares.

Key Highlights

  • 2,00,000 warrants converted into equity shares.
  • Total funds raised from conversion: ₹9,00,000.
  • Paid-up capital increased to ₹28,28,00,012.
  • Allotted shares rank pari-passu with existing shares.
  • Conversion approved via circular board resolution.