Istreet Network Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/12/2025 ,inter alia, to consider and approve the agenda attached for the meeting
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iStreet Network Ltd has informed BSE that its Board of Directors will meet on December 11, 2025. The key item on the agenda is considering the reclassification of share capital by consolidating equity shares from a face value of Rs. 4 to Rs. 10, which would reduce the total number of outstanding shares. The Board will also approve the draft notice for an Extra Ordinary General Meeting (EGM) where shareholders will vote on this proposal, and appoint Ms. Neha Poddar as the scrutinizer for the EGM. The consolidation is subject to shareholder approval.
If approved by shareholders, this reverse consolidation (2.5 old shares merging into 1 new share) will reduce share count and raise the per-share price proportionally, with no change in the company's overall market value. Shareholders holding odd lots may need to adjust their holdings.