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Awaiting price reaction for this filing.
iStreet Network Limited has filed a quarterly statement under SEBI Regulation 32 confirming the use of funds raised through a Preferential Issue. The company raised ₹83,00,00,010 (about ₹83 crore) on September 26, 2025. The report covers the quarter ended December 31, 2025, and was reviewed by the Audit Committee on January 30, 2026. The company confirmed there is no deviation or variation in the use of funds from the originally stated objects, and both the Audit Committee and auditors raised no adverse comments. The ₹83 crore was earmarked across six purposes: Working Capital, AI Centre of Excellence & Infrastructure, Talent & Acquisition, Regional Expansion, Go-to-Market & Marketing, and Product Support Framework.
This is a routine compliance filing that signals fund usage is on track as per the original plan, with no misallocation. For shareholders, it is a neutral-to-slightly-positive disclosure as it confirms management discipline in deploying the ₹83 crore raised a few months ago.