Istreet Network Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/11/2025 ,inter alia, to consider and approve allotment of equity shares ....
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On the reaction day the stock moved 5.9 pts more than Nifty Microcap 250 and 5.9 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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iStreet Network Ltd has informed BSE that its Board of Directors will meet on November 28, 2025, at shorter notice. The main agenda is to consider and approve the allotment of equity shares and warrants to proposed allottees. No details on the number of shares, price, identity of allottees, or the purpose of the issuance have been disclosed yet. Further details are expected to be shared after the board meeting concludes.
The announcement signals a potential equity dilution through fresh share and warrant issuance, which could affect existing shareholders' stake. Investors should watch for follow-up disclosures on pricing, quantity, and the identity of the allottees to gauge the dilution and use-of-funds impact.