Outcome of the Board Meeting held on December 11, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of iStreet Network, held on December 11, 2025, approved the consolidation (reverse split) of equity shares from a face value of Rs. 4 per share to Rs. 10 per share, meaning every 2.5 existing shares will combine into 1 share. This change requires approval from BSE, other regulators, and the company's shareholders. An Extra-Ordinary General Meeting (EGM) has been scheduled for January 9, 2026, via video conferencing to seek shareholder consent. The Register of Members and Share Transfer Books will remain closed from January 2 to January 9, 2026 for EGM purposes. Ms. Neha Poddar has been appointed as the Scrutinizer for the EGM.
This is a share consolidation (reverse split) — the total value of a shareholder's holding stays the same, but the number of shares will reduce and the share price will mathematically adjust upwards. Shareholders need to approve this at the EGM on January 9, 2026, and the move may be aimed at repositioning the stock at a higher price bracket.