Attached herewith is the intimation regarding submission of Reclassification of Promoter and Promoter Group category at Stock Exchange
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iStreet Network Ltd has filed an application with BSE to reclassify five shareholders from the 'Promoter / Promoter Group' category to the 'Public' category under SEBI's Regulation 31A. The shareholders involved are Pradeep Malu (Promoter) holding 2,88,857 shares (1.36%), Meethu Malu (2,00,000 shares, 0.94%), Lakshya Malu (2,19,052 shares, 1.03%), Meenu Malu (4,15,500 shares, 1.95%), and Manju Gang (2,17,700 shares, 1.02%). In total, 13,41,109 shares representing 6.30% of the company's shareholding are being moved out of the promoter category. The application was submitted to BSE on February 5, 2026.
This reclassification does not involve any sale of shares — ownership remains unchanged — but it formally increases the public shareholding count by 6.30%, which could improve stock liquidity and free-float metrics. Shareholders should note that the reclassification is subject to BSE and SEBI approval.