Outcome of the Board Meeting for Consolidation of Equity Shares of Rs. 4 each to equity shares of Rs. 10 each, subject to the approval of BSE (Exchange), other requisite regulatory and ....
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The Board of Directors of iStreet Network Ltd, at its meeting on December 11, 2025, approved a consolidation of equity shares wherein every 5 equity shares of face value Rs. 4 each will be consolidated into 2 equity shares of face value Rs. 10 each. The total paid-up share capital will remain unchanged at Rs. 26.59 crore, while the total number of equity shares will reduce from approximately 6.65 crore to 2.66 crore. The consolidation is subject to approvals from BSE, other regulatory authorities, and the company's shareholders, and is expected to be completed within 3 months. The company stated the rationale is to align with industry standards, attract institutional and high-net-worth investors, reduce overhead costs on servicing a fragmented shareholder base, and enable smoother future corporate actions such as bonus issues or stock splits.
Existing shareholders will see their share count reduce in the ratio of 5:2, but the total value of their holding and the company's market capitalisation remain unaffected. The share price is expected to adjust upward proportionally, which may improve the stock's perception among institutional investors but does not change the underlying fundamentals.