Key Quantitative Figures
- Number of warrants converted: 11,66,666
- Number of equity shares allotted: 11,66,666
- Face value per share: ₹4
- Exercise price received: ₹4.5 per warrant (75% of ₹6 issue price)
- Total amount received: ₹52,49,996 (Rupees Fifty-Two Lakhs Forty-Nine Thousand Nine Hundred Ninety-Six Only)
- Pre-allotment paid-up equity capital: ₹28,78,66,680 (Twenty-Eight Crore Seventy-Eight Lacs Sixty-Six Thousand Six Hundred and Eighty Only)
- Post-allotment paid-up equity capital: ₹29,25,33,344 (Twenty-Nine Crore Twenty-Five Lacs Thirty-Three Thousand Three Hundred and Forty-Four Only)
Dates of Action
- Board circular resolution date: November 01, 2026
- Disclosure date to exchange: November 02, 2026
- Original warrant allotment dates: November 30, 2025 and December 04, 2025
Parties Involved
Allottees:
1. Rajesh Bisaria (Public category) - 5,00,000 warrants converted to 5,00,000 equity shares, amount paid: ₹22,50,000
2. Arti Bisaria (Public category) - 3,33,333 warrants converted to 3,33,333 equity shares, amount paid: ₹14,99,998
3. Ayush Bisaria (Public category) - 3,33,333 warrants converted to 3,33,333 equity shares, amount paid: ₹14,99,998
Company Representatives:
- Uttam Dave, Managing Director (digitally signed the disclosure)
Capital Structure Impact
- Equity capital increased by ₹46,66,664 (from ₹28,78,66,680 to ₹29,25,33,344)
- The newly allotted equity shares rank pari-passu in all respects with existing equity shares, including dividend rights
Transaction Details
- Type of securities: Equity shares pursuant to conversion of warrants
- Type of issuance: Preferential allotment on private placement basis
- Number of investors: 3 (Three)
- Warrants were originally allotted with right to subscribe to 1 equity share per warrant upon receipt of ₹1.5 per warrant (25% of issue price)
- Current conversion completed upon receipt of balance ₹4.5 per warrant (75% of issue price)
Additional Information
The disclosure has been made available on the company website at www.istreetnetwork.com