iStreet Network gets BSE listing approval for 11.17 lakh equity shares
iStreet Network Limited has received listing approval from BSE Limited for 1,116,667 equity shares. These shares were issued to non-promoters on a preferential basis following the conversion of warrants. The approval, dated May 27, 2026, pertains to equity shares of Rs. 4/- each, issued at a premium of Rs. 2/- each. The company is required to comply with SEBI (ICDR) Regulations, including filing shareholding patterns if changes exceed two percent of total paid-up capital. Trading approval for these shares will be granted upon submission of listing approval from NSE (if applicable) and confirmation letters from NSDL/CDSL regarding crediting shares to beneficiary accounts and lock-in of pre-preferential holdings. The company must apply for trading approval within seven working days from the listing approval date.
Key Highlights
- BSE approved listing of 1,116,667 equity shares.
- Shares issued to non-promoters via warrant conversion.
- Each share is Rs. 4/- with a Rs. 2/- premium.
- Company must ensure regulatory compliance for trading.
- Trading approval requires further documentation from depositories.
Price Impact
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