attached is the outcome of today''s board meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of iStreet Network Ltd met on 16th August 2025 and approved a small interim dividend of Rs. 0.10 (ten paise) per equity share for FY 2025-26, which will require shareholder approval at the upcoming AGM. The record date to identify eligible shareholders has been fixed as 22nd August 2025. Separately, the board noted the resignations of three directors — Mr. Pradeep Malu (Non-Executive) and Independent Directors Mr. Ravindra Kala and Mr. Suresh Jain. The company has also reconstituted its six board committees, with Mr. Ravikant Baheti chairing key panels like Audit, Nomination & Remuneration, and Independent Directors committees.
The interim dividend of just 10 paise per share is token in nature and unlikely to be material for shareholders. The resignation of two independent directors in one go may raise short-term governance concerns, though the board appears to have reconstituted committees quickly to maintain compliance.