Outcome of Board Meeting

| Updated on July 25, 2014 Published on July 25, 2014

iStreet Network Ltd has informed BSE that the Board of Directors of the Company at its held on July 21, 2014 inter alia has approved the following:

1. The transaction of disposing off under performing manufacturing assets during the quarter ended June 2014 was noted and ratified.

2. Un-Audited Financial results for the quarter ended June 30, 2014 were approved;

3. Directors Report, Corporate Governance Report and all other Annual Reports for FY 2013-14 notice for Annual General meeting was approved and the date of Annual General Meeting was fixed;

4. The progress of Network Partner program was reviewed and discussed and it was noted that the company has signed up more than 180 stores in Gujarat so far;

5. New initiative of Wholesale 82B eCommerce thru Network Partners was approved;

6. For some technical reasons, the appointment of Mr. Naval Choudhary could not go thru hence, his appointment as an lndependent Director was cancelled;

7. Letter received from SEBI regarding non availibility of the shareholders signature with the companys Registrar and Transfer Agent and delay in ReMaterization of the shares along with Action Taken Report submitted by the Compliance Officer and Managing Director of the company was discussed.

Source : BSE - >www.bseindia.com

Published on July 25, 2014

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