The Scrutinizer''s report along with voting results pertaining to Extra-Ordinary General Meeting of the Company held on January 09, 2026
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iStreet Network Ltd held an Extra-Ordinary General Meeting on January 09, 2026, via video conferencing, where four resolutions were put to vote. All four resolutions passed with overwhelming shareholder support of 99.93% in favour and only 0.07% against. Resolution 1 (Ordinary) approved the reclassification of certain shareholders from the 'Promoter and Promoter Group' category to the 'Public' category. Resolution 2 (Ordinary) approved related party transactions under Section 188 of the Companies Act and SEBI Clause 23. Resolution 3 (Special) approved the consolidation of share capital, and Resolution 4 (Special) approved an amendment to the Memorandum of Association. Out of 2.13 crore total outstanding shares, about 89-97 lakh shares were polled depending on the resolution.
The promoter reclassification and share consolidation are notable corporate actions that could change the promoter shareholding pattern and reduce the number of outstanding shares, which may affect liquidity and stock price perception. All resolutions passed comfortably, indicating strong shareholder agreement on these governance changes.