Outcome of the meeting is attached

iStreet Network's board approved a major fund-raising plan: issue of 4.88 crore equity shares at Rs 6 each (face value Rs 4) raising about Rs 29.3 crore, plus 9.60 crore convertible warrants at Rs 6 each raising up to Rs 57.6 crore — a combined potential inflow of around Rs 86.9 crore via preferential allotment. The board also approved increasing the authorised share capital four-fold from Rs 20 crore to Rs 80 crore, and altered the company's main objects to pivot the business towards Artificial Intelligence, Machine Learning, cybersecurity, cloud and IT services across sectors like banking, defence, healthcare and retail. Six additional directors (non-executive and independent) were regularised for shareholder approval at the upcoming 38th AGM on 26 September 2025, a new logo was adopted, and the registered office shifted within Mumbai from Malad West to Andheri East. Related-party transactions of up to Rs 50 crore each with 8 entities connected to non-executive director Mr. Padmanabhan Desikachari were approved, subject to shareholder nod. A new CFO, Mr. Aditya Poddar, and additional director Ms. Rupashree Shrivastava were appointed, while the reclassification of promoter status was deferred to a future meeting due to incomplete documents.