Outcome of the Board Meeting held on December 04, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.1 pts more than Nifty Microcap 250 and 6.1 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's board has allotted 2.20 crore equity shares at Rs. 6 per share (face value Rs. 4, premium Rs. 2) to 22 allottees, raising approximately Rs. 13.20 crore. In addition, 6.55 crore warrants were allotted at Rs. 6 each to 24 allottees, with a total consideration of about Rs. 39.33 crore, of which only 25% (~Rs. 9.83 crore) has been received upfront and the balance is due on conversion by June 3, 2027. The issue was made on a preferential basis after shareholder approval at the AGM on September 26, 2025 and BSE in-principle approval on November 19, 2025. Several allottees received both shares and warrants, indicating promoter/group support for the fundraising. If all warrants are eventually converted, the company's equity base would expand significantly, leading to meaningful dilution for existing shareholders.
Existing shareholders should brace for potential dilution, as conversion of all 6.55 crore warrants by mid-2027 would substantially increase the share count. The company receives immediate cash of around Rs. 23 crore (Rs. 13.20 cr from shares + Rs. 9.83 cr upfront on warrants), with another ~Rs. 29.5 crore contingent on future warrant exercise.