Allotment of Equity Shares pursuant to conversion of warrants through circular resolution

iStreet Network's board approved the conversion of 18,33,334 warrants into an equal number of equity shares of face value ₹4 each, via a circular resolution on March 7, 2026. The allottees (Chetana S. Shah and Ritesh Mehta, both from the public category) paid the balance 75% amount of ₹4.5 per warrant (total issue price was ₹6 per warrant), aggregating to about ₹1.10 crore in cash. Following this allotment, the company's paid-up equity capital has risen from ₹26.59 crore to ₹27.32 crore, representing a dilution of roughly 2.7% in the share count. The warrants were originally issued on a preferential basis on November 28, 2025, and the new shares will rank equally with existing shares for dividends and other rights.