Allotment of Equity Shares pursuant to conversion of warrants through circular resolution.
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iStreet Network Ltd has allotted 11,16,667 equity shares (face value ₹4 each) to 4 warrant holders who exercised their right to convert warrants into shares. The total amount received was ₹50,24,999 (about ₹50.25 lakhs) at ₹4.5 per warrant, which is the remaining 75% of the original warrant issue price of ₹6. The original 25% (₹1.5 per warrant) was paid when warrants were first allotted on November 28, 2025. All 4 allottees — Viral S. Acharya, Shahana Sen Mishra, Vipin Mishra, and Deldan Otsal — are from the public category. Post-allotment, the company's paid-up equity share capital has risen from ₹27.32 crore to ₹27.77 crore, an increase of about 1.6%.
This is a small, pre-scheduled conversion of warrants that were already issued earlier, leading to minor dilution of about 1.6% in paid-up capital. The size is small (under ₹1 crore raised) and allottees are individuals, not institutional investors, so material impact on share price is unlikely.