Tejas Networks Allots 38,464 Equity Shares and Grants 1,85,0...
Source: scanx.trade
iStreet Network Limited announced on May 06, 2026, that its Board of Directors, through a circular resolution, approved the conversion of 10,83,334 warrants into 10,83,334 equity shares of face value ₹4 each. The allotment was made on a preferential basis to four warrant holders from the public category, pursuant to the exercise of their conversion rights in accordance with SEBI ICDR Regulations, 2018.
Allotment Details
The equity shares were allotted for cash upon receipt of the exercise price of ₹4.5 per share warrant, representing 75% of the warrant issue price of ₹6 per warrant. The total amount received aggregated to ₹48,75,002 (Rupees Forty-Eight Lakhs Seventy-Five Thousand and Two Only). The warrants had originally been allotted on November 28, 2025, carrying a right to subscribe to one equity share per warrant on receipt of ₹1.5 per warrant, being 25% of the issue price.
The newly allotted equity shares rank pari-passu in all respects with the existing equity shares of the company, including dividend entitlements.
Allottee-Wise Breakdown
The following table details the allotment made to each warrant holder:
Allottee: Category Warrants Held Warrants Converted Equity Shares Allotted Amount Received (₹) Kejal Haria Public 4,16,667 4,16,667 4,16,667 18,75,001 Tejas Virkar Public 2,50,000 2,50,000 2,50,000 11,75,000 Trupti Shukla Public 2,50,000 2,50,000 2,50,000 11,75,000 Ashvin Shukla Public 1,66,667 1,66,667 1,66,667 7,50,001 Total 10,83,334 10,83,334 10,83,334 48,75,002
Impact on Paid-Up Share Capital
Following the allotment, the company's paid-up equity share capital has increased as detailed below:
Parameter: Details Pre-Allotment Paid-Up Capital ₹27,76,66,676 Post-Allotment Paid-Up Capital ₹28,20,00,012 Equity Shares Allotted 10,83,334 Face Value per Share ₹4 Issue Price per Warrant ₹6 Exercise Price (75% of Issue Price) ₹4.5 per warrant Total Amount Received ₹48,75,002 Number of Allottees 4
Regulatory Compliance
The allotment has been disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The issuance was structured as a preferential allotment on a private placement basis. The company has made the relevant information available on its website at www.istreetnetwork.com . The disclosure was signed by Pratibha Ranka, Company Secretary and Compliance Officer of iStreet Network Limited.
iStreet Network Limited has obtained its mandatory audit certificate under Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 for the financial year ended March 2026. The certificate was issued by Ms. Neha Poddar, a practicing company secretary, and submitted to BSE Limited on April 29, 2026.
Regulatory Compliance Certificate
The audit certificate covers the period from April 1, 2025 to March 31, 2026 and examines all share transfer forms, memorandum of transfers, registers, files and other documents maintained by Adroit Corporate Services Private Limited, the company's registrar and transfer agent.
Compliance Parameter: Status Share Transmission Requests: Processed within 30 days Duplicate Certificate Requests: Issued within 30 days Technical Rejections: Excluded from timeline Split/Consolidation Requests: No requests received
Key Certification Points
Ms. Neha Poddar's certification confirms two critical compliance areas:
Share Transmission: All requests for transmission of shares received during FY26 were processed and share certificates issued within thirty days from the respective date of lodgment, except those rejected on technical grounds.
Duplicate Certificates: All requests for duplicate share certificates for converting physical shares to demat form were processed within the mandatory thirty-day period, excluding technical rejections.
Additional Observations
The audit revealed no requests relating to split, consolidation of shares, or exchange or endorsement of calls/allotment monies during the examined period. This indicates minimal corporate action activity during FY26.
Certificate Details
Parameter: Details Certifying Authority: Ms. Neha Poddar Membership Number: A33026 Certificate of Practice: 12190 UDIN Number: A033026H000237494 Issue Date: April 29, 2026 Issue Location: Kolkata
The certificate demonstrates iStreet Network Limited's adherence to SEBI's regulatory framework for share transfer operations and maintains its compliance status with listing obligations.
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Source: scanx.trade
Source: The Economic Times