Business
Transfer of Shares
Pursuant to the BSE circular no. vide LIST/COMP/15/2018 dated July 05, 2018 transfer of shares held in physical form by a shareholder will not be possible with effect from 5th December, 2018; this restriction, however, shall not be applicable in case of transmission or transposition of shares. In view of the regulatory requirements referred to above, in the event you wish to transfer any shares of the Company held in physical form you will not be able to do so after 4th December, 2018. You may therefore, in your own interest, get such shares dematerialised.
Mandatory update of PAN and Bank details
Pursuant to SEBI circular SEBI/HO/MIRSD/DOP1/CIR/P/2018/73 dated 20th April 2018, shareholders whose ledger folios have incomplete details with respect to PAN and Bank particulars are mandatorily required to furnish these details to the Issuer Company/RTA for registration in their respective folio. You are requested to submit the following documents immediately to Company’s Registrar and Transfer Agent (RTA):
- Enclosed form duly filled in and signed by all the shareholders.
- Self-attested legible copy of Pan Card of all the holders (residents of Sikkim can provide valid Identity proof issued by the Government).
- Cancelled personalized cheque leaf (In absence of personalized cheque, self-attested copy of first page of pass book) which contains the Bank A/c No., Bank Name, type of account, IFSC
- Code, MICR Code and the name of the shareholder
- Address proof (self-attested copy of Aadhaar/ passport/utility bill (not older than 3 months)
Public announcement for physical securities holders seeking
PAN, Nomination and bank account details of all Physical
Securities holders 
You may
also register your email ID, mobile no. and
Nominee (Form SH-13)
SEBI circular for for Updation of KYC and Nomination details
Our reputation is earned by our conduct: what we say, what we do, the products we provide, the services we offer and the way we act. We on an ongoing basis continue to believe strongly in adopting and adhering to the best corporate governance practices and benchmarking ourselves against the industry’s best practices. It is our endeavour to achieve the highest levels of governance as a part of its responsibility towards the shareholders and other stakeholders.
We believe success requires the highest standards of
corporate ethics towards everyone we work with, the
communities we serve, and the environment we impact. This is
our road to sustainable, profitable growth to create
long-term value for our people, customers and
shareholders.
We have an active, capable and diligent
management and leadership team that understands its role in
implementing rigorous financial discipline, risk metrics and
gold standard corporate governance. The above principles
have been the guiding force for whatever we do and shall
continue to be so in the years to come.
A message to our Shareholders
“A fundamental measure of our success will be the shareholder value we create over the long term.” From the very beginning, our emphasis has been on the long term and as a result, we may make decisions and weigh tradeoffs differently than some other companies. Accordingly, it is important for you, our shareholders, to understand our fundamental management and decision-making approach so that you may ensure that it is consistent with your own investment philosophy. We will continue to:
- Focus relentlessly on our customers/network partners.
- Make bold investment decisions in light of long-term leadership considerations rather than short-term profitability considerations.
- There is more innovation ahead of us than behind us, and to that end, we are committed to extending our leadership in e-commerce in a way that benefits customers and therefore, inherently, investors – you can’t do one without the other. Some of these bold investments will pay off, others will not, but we will have learned a valuable lesson in either case.
- Work hard to spend wisely and maintain our lean culture. We understand the importance of continually reinforcing a cost-conscious culture.
- Focus on hiring and retaining versatile and talented employees, and weight their compensation to significant stock ownership rather than cash. We know our success will be largely affected by our ability to attract and retain a motivated employee base, each of whom must think like, and therefore must actually be, an owner.
- We are firm believers that the long-term interests of shareholders are tightly linked to the interests of our customers. If we do our jobs right, today’s customers will buy more tomorrow, we’ll add more customers in the process, and it will all add up to more cash flow and more long-term value for our shareholders.
We thank you, our owners, for your support, your encouragement, and for joining us on this adventure. If you’re a customer, we thank you again!
The Board has appointed various committees to assist it in discharging its responsibilities. The Board has adopted charters setting forth the roles and responsibilities of each of the committees as well as qualifications for committee membership, procedures for committee members’ appointment and removal, committee structure and operations and reporting to the Board. The Board may constitute new committees or dissolve any existing committee as it deems necessary for the discharge of its responsibilities.
Composition
- Mr. Ravikant Baheti - Chairman, Independent Director
- Mr. Satish Goel - Member, Independent Director
- Mr. Uttam Dave - Member, Whole Time Director
Composition
- Mr. Ravikant Baheti - Chairman, Independent Director
- Mr. Satish Goel - Member, Independent Director
- Mr. Padmanabhan - Member, Non- Executive Director
Composition
- Mr. Uttam Dave - Chairman, Whole Time Director
- Mr. Rakesh Rathi - Member, Managing Director
- Mr. Padmanabhan - Member, Non- Executive Director
Composition:
- Mr. Ravikant Baheti - Chairman, Independent Director
- Mr. Eric Anklesaria - Member, Independent Director
- Mr. Satish Goel - Member, Independent Director
Composition:
- Mr. Padmanabhan - Chairman, Non- Executive Director
- Mr. Ravikant Baheti - Member, Independent Director
- Mr. Uttam Dave - Member, Whole Time Director
Composition:
- Mr. Padmanabhan - Chairman, Non-Executive Director
- Mr. Ravikant Baheti - Member, Independent Director
- Mr. Yash Maheshwari - Member, Non-Executive Director
Composition
- Rakesh Rathi - Chairman, Managing Director
- Ravikant Baheti - Member, Independent Director
- Pratibha Ranka - Member, Company Secretary
Listing Information
The Company’s shares are listed at the Bombay Stock Exchange – Security Code: 524622.
Depositories
The Company has joined both the Depositories viz. National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). Connectivity to both the Depositories has been established through our Registrars and Transfer Agents, Adroit Corporate Services Private Limited.
As on March 31 2025, 93.49% of the total equity share capital of the Company (NSDL – 64.79% and CDSL – 28.70%) has been dematerialised.
International Securities Identification Number (ISIN)
The Company’s scrips form part of the SEBI’s Compulsory demat segment bearing ISIN No. INE532B01020.
Corporate Identity Number (CIN)
The Company’s CIN, allotted by the Ministry of Corporate Affairs, Government of India,is L62013MH1986PLC040232. The Company is registered at Mumbai in the State of Maharashtra, India.
For any query regarding your dematerialisation, please contact:
Adroit Corporate Services Pvt.Ltd.
17-20, Jafferbhoy
Ind. Estate,
1st Floor, Makwana Road,
Marol
Naka, Andheri (E), Mumbai 400059, India.
Tel: +91 (0)22 42270400
Fax: +91
(0)22-28503748
E-Mail: info@adroitcorporate.com
Website: www.adroitcorporate.com
Contact: Mr.
Praful Shah/Mr.
Sandeep Holam
Dear Shareholder,
Re: Green Initiative in Corporate Governance
The Ministry of Corporate Affairs (“Ministry”) has undertaken a “Green Initiative in Corporate Governance” by allowing paperless compliances by companies through electronic mode. In accordance with the recent circular bearing no.17/2011 dated 21.04.2011 and 18/2011 dated 29.04.2011 issued by the Ministry, companies can now send various notices /documents (including notice calling Annual General Meeting, Audited Financial Statements, Directors’ Report, Auditors Report etc) to their shareholders through electronic mode, to the registered email addresses of the shareholders.
It is a welcome move for the society at large, as this
will reduce paper consumption to a great extent and allow
public at large to contribute towards a greener
environment.
This is also a golden opportunity for
every shareholder of iStreet Network Limited (the Company)
to contribute to the environment. All you have to do is to
register your e-mail id with the Company to receive
communication through electronic mode.
ADVANTAGES OF REGISTERING FOR E-COMMUNICATION:
- Receive communication promptly
- Reduce paper consumption and save trees
- Eliminate wastage of paper
- Avoid loss of document in postal transit
- Save costs on paper and on postage
We therefore request all our shareholders to contribute to the cause by filling up the form for registering your email ID.
REGISTRATION FORM: PLEASE CLICK HERE
Alternatively, you can register your email ID with your Depository Participant as well.
Kindly note that if you wish to get a hard copy/ physical copy of all the communications, the Company undertakes to provide the same at no extra cost to you.
We look forward to your active participation in this ‘Green Initiative’.
Company Secretary
Makwana Road, Marol Naka, Mumbai 400059
+91-22-2859 4060
+91-22-2859 6060
Email: info@istreetnetwork.com
Secretarial Auditors: Ms. Neha Poddar, Practicing Company Secretary
Internal Auditors: RDJ & Associates LLP
The venue, exact date and time of AGM is posted on the BSE website and our Company website before the AGM every year.
As a shareholder, you would have opted to receive shareholder communication including annual report in either electronic format (via email) or in physical format (by post). You will have to accordingly change your email address or postal address, as applicable.
If you hold company’s shares in electronic form (Demat form), please contact your Depository Participant (DP) / broker for change of address.
If you hold company’s shares in physical form, please write to company’s Registrar and Transfer Agent along with your DP and Client ID at:
Adroit Corporate Services Pvt.Ltd.
17-20, Jafferbhoy Ind. Estate,
1st Floor,
Makwana Road,
Marol Naka, Andheri (E), Mumbai 400059, India.
Tel: +91 (0)22
42270427| Fax: +91 (0)22 28503748
The benefits of holding shares in electronic form with a DP are:
- Elimination of postal delays.
- Elimination of bad deliveries.
- Elimination of loss of certificates in transit.
- Elimination of fake, forged, counterfeit transfers.
- No stamp duty on transfer.
- Reduction in transaction costs like brokerage, postage etc
- Immediate ownership of securities on settlement.
- Minimized paper work.
There can be a few reasons why you may not have received your annual mailing:
– You were not a shareholder as of the record date.
– You have moved within the last year and have not had the chance to update your mailing address with your depository. Please make sure your depository has your most current mailing address.
– You have opted to receive information electronically and hence an electronic copy has been emailed to your registered email address
Nevertheless, we would be more than happy to send you the Annual Report . Please send your request to investor@istreetnetwork.com
Business Leader – Exchange Technology & Market Infrastructure
Shailesh Chitre brings over 25 years of experience in the exchange technology and market infrastructure domain, with a strong track record across equities, derivatives and agri commodities, along with financial markets.
His past stints include serving as Interim CEO and Board Member at NCDEX e Markets Ltd (NeML), where he led strategic business expansion and institutional strengthening initiatives. He has also served as an Investor Director on the Board of Rashtriya e Markets Ltd., a joint venture of NeMLand Govt. of Karnataka, and contributed significantly to governance, policy advocacy, and digital market development across these platforms.
A postgraduate in Computer Science from the University of Mumbai, Shailesh combines deep technical understanding with strategic business leadership. His professional journey reflects sustained contributions to the evolution of transparent, technology-driven market systems that enable eƯiciency and inclusion in India’s agri and commodities ecosystem.
Bhargeshwar Banerji is a financial governance expert dedicated to advancing India’s financial ecosystem through innovation, regulation, and institutional excellence. With over 33 years of experience across the regulatory and financial sectors, he has held senior leadership positions, culminating in his role as Chief General Manager at the Reserve Bank of India (RBI).
At the RBI, he was closely involved in the supervision and regulation of banks and NBFCs, played a key role in establishing the Risk Specialist Division within the Department of Supervision, and chaired the Technical Advisory Group responsible for reviewing the RBS and CAMELS rating models.
His core expertise spans governance, cybersecurity and IT risk assessment, financial fraud risk management, and regulatory compliance He holds a Master’s in International Business from the University of Birmingham (UK), an MBA, and a Bachelor’s in Economics, and is a Certified Associate of the Indian Institute of Bankers (CAIIB).
Ms. Rupashree Shrivastava, is an Arts graduate from University of Mumbai, she has more than two decades of vast experience in business. Currently she is serving as the Chairman of Astha Mahila Nagrik Sahakari Bank Maryadit, Bhopal. She has strong understanding of laws and regulations, with proven ability to work both independently and collaboratively in fast-paced environment.
Ms. Rupashree‘s key skill involves risk assessment and mitigation, Compliance with applicable laws and regulations.
Mr. Satish Goel is a commerce graduate from the University of Punjab and holds a Chartered Accountant degree from the Institute of Chartered Accountants (CA) of India (ICAI). He is also the fellow member of the Institute of Chartered Accountants of India.
With over 34 years of vast experience in the Banking & Finance, Corporate law, Taxation, Risk Management, Trade, Industry and Commerce, Statutory Audit, Bank Audits, Agriculture and Rural Economy, Co-operation and SME, International Banking.
He also has been appointed as Part time Non-Official Director of Corporation Bank (A Premier Govt. of India Enterprise) by GOI, Ministry of Finance, Department of Financial Services for a period of 3 years.
Mr. Eric Anklesaria has completed his post-graduation in Business Administration from XLRI Jamshedpur; G.N.I.I.T. in software technology and systems management; Certificate in Consumer Banking – Bombay Management Association; and Certificate in strategic planning of information systems – IIM Ahmedabad.
Over 20 years of experience he holds top positions in global IT services organizations, assurance, and advisory firms. Working with notable firms like PSB Alliance Pvt. Ltd., Nangia Anderson (Anderson Global), Ernst and Young. He also has his expertise in Banking and Financial Services, IT and Digital Strategy, Advisory and Large-Scale Project Management, IT Implementations, Core Banking and Core Insurance Transformation
Mr. Anklesaria a seasoned professional in the IT and financial services industry with extensive experience and expertise in leading global organizations.
Yash has successfully completed Level I of the Chartered Financial Analyst (CFA) program and holds a Bachelor of Commerce (Honours) degree from the University of Delhi.
Mr. Padmanabhan is a distinguished technology leader with more than 40 years of experience, renowned for his contributions to product management, applications development, and core systems architecture including AI and ML.
Started career at PSI Data, worked on Unix computers and Bull mainframes in a product management role. Worked on transaction processing engines, gaining deep insights into operating systems and networking.
Spent a decade in the early years of Infosys, founded a technology group that led groundbreaking innovations, including the creation of one of the industry’s first application servers capable of running across various Unix and legacy Operating systems. Played a role as the key architect behind Finacle, Infosys’ flagship core banking platform, designed with a highly scalable OLTP architecture, which has remained a cornerstone of Finacle’s global success for over three decades. This enabled the platform to scale with the growing needs of banks while maintaining high performance and reliability.
Played a pivotal role in the creation of one of the first Direct Benefit Transfer platforms, which enabled rural banking through a correspondent banking model. This platform revolutionized access to financial services in underserved regions using an offline/online model
Trusted technology advisor to numerous large financial institutions in the modernization of the core technology. With deep expertise in core systems architecture, scalability, and resiliency helped guid banks in adapting their systems to handle increasing customer demands while maintaining operational efficiency and security.
Founded multiple technology companies, including Appnomic Systems, which is at the forefront of AIOps (Artificial Intelligence for IT Operations), transforming how businesses manage their IT environments. Also, co-founded Obopay, an early payments platform that significantly influenced the evolution of digital payments.
The latest venture, Indygen, focuses on Generative AI and has developed an AI-driven security platform that addresses modern security challenges through innovative AI solutions.
Throughout his career, has consistently demonstrated a unique ability to merge technological expertise with visionary thinking. His work continues to shape industries, making him a leading figure in the realms of financial technology, artificial intelligence, and enterprise solutions.
Uttam Ishwarlal Dave is technology evangelist committed to leveraging innovation, partnerships, and strategic foresight to empower organizations, promote Indian enterprises, and drive impactful solutions in technology, governance, wellness and societal advancement on a global scale. With over 30 years of experience in the Technology sector, Mr. Dave has worked with leading companies in Software for B2B and B2C application, Networking and Storage solutions and Data communication. He has held key positions at organizations such as Hitachi Data Systems, Sanovi Technologies, Heal Software, HCL Comet . He has completed his secondary education from Maharashtra State Board. Currently, Mr. Dave is advising technology startups to achieve revenue milestones through strategic partnerships, global alliances, and innovative go-to-market strategies. A strong advocate of ‘Make in India’, he actively supports Indian technology companies scale their operations, achieve global market penetration, and drive sustainable growth.
CS Pratibha Ranka holds a Master degree in Commerce from M.D.S. University, Ajmer and. She is an associate member of ICSI. She has been associated with M/s. Systematix Securities Ltd. Since November 2020 and has a vast experience in field of company compliances. She has a expertise in managing and maintaining all the Secretarial Compliances of the company
MPradeep Malu, is a Chartered Accountant and an Entrepreneur. He is the founder of iStreet Network Limited (Old name: Principal Pharmaceuticals & Chemicals Ltd.). He has huge 30+years of experience in building and running business right from scratch.
He was Managing Director of the company right from its inception to Jan 2019. He set up a trading business of Chemicals & Pharmaceuticals products in July, 1988 and then set up a medium size WHO standard “Specialty Chemicals & Pharmaceuticals Active Ingredients” manufacturing company in the year 1994. He successfully led IPO of the company in 1994.
The company was manufacturing Beta Blockers and Intermediates of ACE Inhibitors at different locations in Gujarat and Maharashtra. It had approvals/contracts for its facilities from large International companies and performed highly complex chemistry at the plant.
He has transformed the company from an API and Intermediate manufacturing company into a Network Orchestrator company since 2014.
He also acts as teacher/volunteer in Teach India, which is a Times Group initiative to teach spoken English to the youth belonging to underprivileged sections of the urban society.
Mr. Rakesh Rathi is a commerce graduate from the University of Rajasthan and holds a Chartered Accountant degree from the Institute of Chartered Accountants (CA) of India (ICAI). He is also the fellow member of the Institute of Chartered Accountants of India. With over 22 years of experience as a Chartered Accountant, he has successfully served as CFO at renowned companies like Smaaash Entertainment, Essel World and under his guidance many companies have expanded into diverse industries including finance, NBFCs F&B, interior and furniture manufacturing and more. A visionary leader, with having expertise in finance, strategic planning and managing the entire gamut of Finance and Accounts activities.
Mr. Ravikant Baheti is a commerce graduate from the University of Rajasthan (1989) and holds a Chartered Accountant (CA) degree from the Institute of Chartered Accountants of India (ICAI) (1993). He also earned a Company Secretary (CS) degree from the Institute of Company Secretaries of India (ICSI) in 1994 and has been a Fellow Member of the Insurance Institute of India since 2017. Additionally, he is a registered member of the Independent Director’s Databank under registration no. IDDB-DI-202501-069445.
Currently, Mr. Baheti is a partner at Varrenyam Consultants, a reputed financial advisory services firm. In his previous role, he served as the Chief Financial Officer (CFO) at Shristi Infrastructure Development Co. Ltd., a listed company.
With over 30 years of experience in the BFSI sector, Mr. Baheti has worked with NBFCs, insurance companies, housing finance companies (HFCs), merchant banks, mutual funds, securities brokers, and wealth management firms. He has held key positions at organizations such as Citigroup, J.P. Morgan
Chase, and Reliance.
His core expertise includes strategic financial planning, commercial due diligence, fund raising and management, investor/stakeholder relationship management, auditing, taxation, statutory compliances, and company secretarial functions. He also has extensive experience in ERP system implementation, accounts payable/receivable management, MIS, budgeting and forecasting, cost optimization, and operations.
Mr. Aditya Poddar Chief Financial Officer (CFO) Aditya Poddar is a seasoned finance professional with nearly two decades of progressive experience in financial management, strategic planning, and corporate governance. He has successfully led financial operations in senior finance roles, where he has been instrumental in strengthening financial performance through cost optimization, risk management, and process automation.
Aditya’s expertise spans financial reporting, budgeting, forecasting, cash flow optimization, compliance, and internal controls. He has extensive experience in managing banking relationships, audits, and regulatory requirements, while also driving process improvements and technology adoption to enhance decision-making and efficiency.
His leadership style is marked by team building, mentoring, and stakeholder engagement, enabling him to align financial strategy with overall business growth. With a background in Chartered Accountancy (ICAI), Company Secretaryship (ICSI), and a PGD in Banking & Financial Management from NMIMS, he brings a strong foundation of technical knowledge blended with strategic foresight.
Aditya’s journey reflects deep commitment and versatility-from early roles in audit, accounts, and compliance to leading end-to-end financial functions for a growing enterprise. His analytical ability, combined with a results-driven approach, positions him as a trusted business partner and financial strategist.
As CFO, he is poised to steer the organization’s financial strategy, ensure fiscal discipline, and contribute to sustainable growth and profitability.