Outcome of the Board Meeting held on October 17, 2025
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iStreet Network's board approved the unaudited financial results for Q2 and H1 FY26 ended September 30, 2025. Revenue from operations for H1 FY26 jumped to Rs. 3,187.68 lakhs, compared to just Rs. 0.02 lakhs in H1 FY25, while profit before tax rose to Rs. 336.73 lakhs from Rs. 24.41 lakhs a year earlier. Basic and diluted EPS for H1 FY26 stood at Rs. 1.58 versus a loss of Rs. 0.03 in the same period last year. The board also accepted the resignation of Ms. Khyati Nahar as a non-executive non-independent director and reconstituted the Securities Allotment Committee, with Rakesh Rathi (MD) as Chairman, Ravikant Baheti (Independent Director) and Pratibha Ranka (Company Secretary) as members. Additionally, shareholders had earlier approved raising authorised share capital from Rs. 20 crore to Rs. 80 crore and a preferential issue of 4.88 crore equity shares and 9.6 crore warrants, pending BSE in-principle approval.
Strong top-line and profit growth signals a major business expansion, which is likely positive for the stock. The preferential issue and warrant plan could lead to equity dilution once approvals come through, so investors should watch for the in-principle approval from BSE.