Disclosure Regarding Related Party Transaction.
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iStreet Network Ltd's Board of Directors, at a meeting held on September 1, 2025, approved a related party transaction involving business agreements with 8 separate entities, subject to shareholder approval. The entities include IndyAstra Technologies, IndyRX Solutions, Indyfort, Indygen Labs, Indyfint, Appnomic Systems, Healtech Software, and Obopay Mobile Technology India. Mr. Padmanabhan Desikachari, a Non-Executive Non-Independent Director of the company, is interested in all 8 entities. The company plans to enter business agreements with each entity in one or more tranches, up to a maximum of Rs. 50 Crores per company.
This is a significant related party transaction requiring shareholder approval, with potential total exposure of up to Rs. 400 Crores across 8 entities linked to a director. Shareholders should review the nature and rationale of these deals carefully, as related party transactions can pose governance risks if not conducted at arm's length.