Interim report
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NPST Innovation in every byte Network People Services Technologies Limited CIN : L74110MH2013PLC248874 427/428/429 , A - Wing , NSIL , Lodha Supremus II , Near New Passport office , Road No. 22 , Wagle Industrial Estate , Thane ( W ) , Maharashtra , India - 400604 Tel .: +91 22 61482100 I contact@npstx.com I www.npstx.com ISIN : INEOFFK01017 Date : 11.08.2026 To , The National Stock Exchange of India Limited , Exchange Plaza , NSE Building , Bandra Kurla Complex , Bandra East , Mumbai - 400 0513 Fax : 022-26598237 , 022-26598238 SYMBOL : NPST BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers , Dalal Street , Mumbai - 400 001 Scrip Code : 544396 Subject : Disclosure under Regulation 30 and 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 – Outcome of the Board Meeting held on August 11 , 2026 Respected Sir / Madam , - The Board of Directors of the Company at their Board Meeting held on Tuesday , August 11 , 2026 at 05:00 P.M. at the registered office of the Company situated at Off No. 427/428/429 , A - Wing , NSIL , Lodha Supremus II , Road No. 22 , Wagle Industrial Estate , Thane ( W ) – 400604 , Maharashtra , India inter alia transacted the following businesses : 1. To approve the Un - Audited Consolidated and Standalone Financial Results along with the limited review report of the Company for the quarter ended June 30 , 2026 2. To take note of the report submitted by the monitoring agency for the quarter ended on June 30 , 2026 3. To approve the Statement of Deviation for the quarter ended June 30 , 2026 4. To approve the notice of Annual General Meeting for the financial year 2025-26 5. To approve and take note of the following components of Annual report for the financial year 2025-26 : a ) Management Discussion & Analysis b ) Secretarial Audit Report c ) Non Disqualification Certificate d ) Business Responsibility and Sustainability Report ( BRSR ) e ) Board report 6. To consider and approve the record date for the dividend 7. To consider and approve the Closure of Register of Members / Share Transfer Books and to keep cut - off date 8. To reconstitute the Nomination and Remuneration Committee 9. To transact any other business with the permission of the Chair Registered Office : 427/428/429 , A - Wing , NSIL , Lodha Supremus II , Near New Passport Office , Road No. 22 , Wagle Industrial Estate , Thane ( W ) , Maharashtra , India - 400604
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The Outcome of the Board Meeting will also made available on the website of the Company at www.npstx.com The Meeting of the Board of Directors concluded at 06:01 P.M. Kindly take the aforesaid information on your record. Thanking You. For Network People Services Technologies Limited Chetna Chawla Company Secretary and Compliance Officer Membership No. A64291
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COMPOSITION OF COMMITTEES OF BOARD OF DIRECTORS (Effective from August 11, 2026) Sr. No. Name of Committee Composition 1 Nomination and Remuneration Committee Mr. Ram Rastogi, Chairperson Mr. Vijay Kumar Singh, Member Mrs. Panchi Samuthirakani, Member Mr. Deepak Chand Thakur, Member For Network People Services Technologies Limited Chetna Chawla Company Secretary and Compliance Officer Membership No. A64291
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ISIN: INE0FFK01017 Date: 11.08.2026 To, The National Stock Exchange of India Limited, Exchange Plaza, NSE Building, Bandra Kurla Complex, Bandra East, Mumbai-400 0513 Fax: 022-26598237, 022-26598238 SYMBOL: NPST BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 544396 Subject: Regulation 32(3) - Statement of deviation or variation for the quarter ended June 30, 2026 for the Funds raised through Preferential Allotment. Respected Sir/Madam, Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular no. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, we hereby enclose the Statement of Deviation o r Variation for the quarter ended June 30, 2026 in respect of the utilization of proceeds raised through the Preferential Allotment of 14,46,500 equity shares by the Company. The said statement was placed before the Audit Committee at its meeting held today, i.e. August 11, 2026. We hereby confirm that there has been no deviation or variation in the utilization of proceeds raised through the aforesaid preferential allotment. Kindly take the aforesaid on your records. For Network People Services Technologies Limited Chetna Chawla Company Secretary and Compliance Officer Membership No. A64291
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Regulation 32(3) - Statement of Deviation or Variation, if any, in the use of proceeds Name of the listed entity Network People Services Technologies Limited Mode of Fund Raising Preferential allotment Date of Raising Funds September 05, 2025 Amount Raised Rs. 300.0041 Crore Report filed for Quarter ended June 30, 2026 Monitoring Agency Yes Monitoring Agency Name, if applicable CARE Ratings Limited Is there a Deviation / Variation in use of funds raised There is no Deviation / Variation in use of funds raised If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders Not Applicable If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments of the Audit Committee after review No Comments Comments of the auditors, if any Not Applicable Objects for which funds have been raised and where there has been a deviation, in the following table Original Object Modified Object, if any Original Allocation (Rs. In Crores) Modified allocation, if any Total Fund Utilised till June 30, 2026 (Rs. In Crores) Amount of Deviation/ Variation for the quarter according to applicable object Remarks if Any Global Expansion and Brand Building Not Applicable 60.0000 Not Applicable 10.7862 NIL - Accelerating Growth through Product Development, Infrastructure Enhancement & Strategic Acquisition. Not Applicable 170.0000 Not Applicable 16.8661 NIL -
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Other General Corporate Purpose which also includes cost of Fund raising/issue expenses Not Applicable 70.0041 Not Applicable 7.9886 NIL - Total 300.0041 35.6409 Deviation or variation could mean: a) Deviation in the objects or purposes for which the funds have been raised or b) Deviation in the amount of funds actually utilized as against what was originally disclosed or c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc. Kindly take the aforesaid on your records. For Network People Services Technologies Limited Chetna Chawla Company Secretary and Compliance Officer Membership No. A64291
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Monitoring Agency Report No. CARE/PRO/GEN/2026-27/1058 The Board of Directors Network People Services Technologies Limited OFF NO. 427/428/429, A-Wing, NSIL, Lodha Supremus II, Near New Passport Office, Road No. 22, Wagle Industrial Estate, Thane (W), Thane, Maharashtra, 400604 August 11, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue of Network People Services Technologies Limited (“the Company”) We write in our capacity of Monitoring Agency for the Preferential Issue of Equity Shares for the amount aggregating to Rs.300.00 crore of the Company and refer to our duties cast under Regulation 162A of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated August 28, 2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Ashish Kashalkar Associate Director Ashish.Kashalkar@careedge.in
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Report of the Monitoring Agency Name of the issuer: Network People Services Technologies Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: No deviation (b) Range of Deviation: Not Applicable Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and it s affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’ s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Ashish Kashalkar Designation of Authorized person/Signing Authority: Associate Director
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3 1) Issuer Details: Name of the issuer : Network People Services Technologies Limited Name of the promoter : Ashish Aggarwal, Deepak Chand Thakur and Savita Vashist Industry/sector to which it belongs : IT Services - IT enabled services 2) Issue Details Issue Period : Not applicable Type of issue (public/rights) : Preferential Issue (PI) Type of specified securities : Equity shares IPO Grading, if any : Not Applicable Issue size (in `crore) : Rs.300.00 crore 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Particulars Reply Source of information / certifications considered by Monitoring Agency for preparation of report Comments of the Monitoring Agency Comments of the Board of Directors Whether all utilization is as per the disclosures in the Offer Document? Yes EOGM Resolution, Chartered Accountant ( CA) Certificate*, Board Resolution, Bank statements, Invoices, CFO Undertaking a nd Management certificate • During Q1FY27, the company has utilized the proceeds in form of reimbursement towards the expenses incurred from current account. • The classification of utilization under Object 1 and Object 2, relating to investment in the company’s wholly owned subsidiary and salary payments, is based on a CFO undertaking establishing the linkage of such expenditures with the stated objects of the issue (Details of the same are provided in Table 4(ii) – Progress in the Objects). No Comments
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4 *The above details are verified by Singhi & Co. vide its CA certificate dated August 05, 2026. #Where material deviation may be defined to mean: a) Deviation in the objects or purposes for which the funds have been raised b) Deviation in the amount of funds actually utilized by more than 10% of the amount projected in the offer documents. Particulars Reply Source of information / certifications considered by Monitoring Agency for preparation of report Comments of the Monitoring Agency Comments of the Board of Directors • The company transferred unutilized funds from escrow account to various current accounts prior to the creation of FD s. These accounts had numerous other business transactions, resulting in commingling of funds. Whether shareholder approval has been obtained in case of material deviations# from expenditures disclosed in the Offer Document? Not Applicable EOGM Resolution, CA Certificate* and Management certificate Not Applicable No Comments Whether the means of finance for the disclosed objects of the issue have changed? No EOGM Resolution, CA Certificate* and Management certificate Not Applicable No Comments Is there any major deviation observed over the earlier monitoring agency reports? Yes Previous monitoring agency report No major deviations observed from previous report dated May 14, 2026. No Comments Whether all Government/statutory approvals related to the object(s) have been obtained? Not Applicable EOGM Resolution, CA Certificate* and Management certificate Not Applicable No Comments Whether all arrangements pertaining to technical assistance/collaboration are in operation? Not Applicable CA Certificate* and Management certificate Not Applicable No Comments Are there any favorable/unfavorable events affecting the viability of these object(s)? No CA Certificate* and Management certificate Nil No Comments Is there any other relevant information that may materially affect the decision making of the investors? No CA Certificate* and Management certificate Nil No Comments
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5 4) Details of objects to be monitored: (i) Cost of objects – Sr. No Item Head Source of information / certifications considered by Monitoring Agency for preparation of report Original cost (as per the Offer Document) in Rs. Crore Revised Cost in Rs. Crore Comments of the Monitoring Agency Comments of the Board of Directors Reason for cost revision Proposed financing option Particulars of -firm arrangements made 1 Global Expansion and Brand Building EOGM Resolution^ and CA Certificate* 60.00 Not Applicable Not Applicable No Comments No Comments No Comments 2 Accelerating Growth through Product Development, Infrastructure Enhancement & Strategic Acquisition EOGM Resolution^ and CA Certificate* 170.00 Not Applicable Not Applicable No Comments No Comments No Comments 3 Other General Corporate Purpose which also includes cost of fund raising/ issue expenses EOGM Resolution^ and CA Certificate* 70.00 Not Applicable Not Applicable No Comments No Comments No Comments Total 300.00 *The above details are verified by Singhi & Co. vide its CA certificate dated August 05, 2026. ^Sourced from Special Resolution passed at Extraordinary General Meeting held on August 28, 2025.
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6 (ii) Progress in the objects – Sr. No Item Head Source of information / certifications considered by Monitoring Agency for preparation of report Amount as proposed in the Offer Document in Rs. Crore Amount utilised in Rs. Crore Total unutilised amount in Rs. crore Comments of the Monitoring Agency Comments of the Board of Directors As at beginning of the quarter in Rs. Crore During the quarter in Rs. Crore At the end of the quarter in Rs. Crore Reason s for idle funds Proposed course of action 1 Global Expansion and Brand Building EOGM Resolution^, CA Certificate*, Bank statements, Invoices, CFO Undertaking and Management certificate 60.00 5.69 5.10 10.79 49.21 In Q 1FY27, the company utilized proceeds towards investment in its wholly owned subsidiary (NPST Global Solutions LLC ) amounting to Rs.4.79 crore, salary payments of Rs.0.18 crore to the marketing team, and Rs.0.13 crore towards branding activities. These expenses were incurred through the company’s current account, for which the company has taken reimbursement. (Refer to Note 1 below for details of CFO undertaking) No Comm ents No Comment s 2 Accelerating Growth through Product Development, Infrastructure Enhancement & Strategic Acquisition EOGM Resolution^, CA Certificate*, Bank statements, Invoices, CFO Undertaking and Management certificate 170.00 12.23 4.63 16.86 153.14 In Q 1FY27, the company utilized proceeds towards procurement of hardware amounting to Rs.0.91 crore, salary payments to the product development team of Rs.2.19 crore, and cloud infrastructure and other related expenses of Rs.1.53 crore. These expenses were incurred through the company’s current account, for which the company has taken reimbursement. As per CFO undertaking “The salaries paid to the product development team have been allocated No Comm ents No Comment s
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7 Sr. No Item Head Source of information / certifications considered by Monitoring Agency for preparation of report Amount as proposed in the Offer Document in Rs. Crore Amount utilised in Rs. Crore Total unutilised amount in Rs. crore Comments of the Monitoring Agency Comments of the Board of Directors As at beginning of the quarter in Rs. Crore During the quarter in Rs. Crore At the end of the quarter in Rs. Crore Reason s for idle funds Proposed course of action under Object No. 2 – Accelerating Growth through Product Development, Infrastructure Enhancement and Strategic Acquisition, specifically under sub-object (a) Extend Product Offerings. These salaries relate to personnel directly involved in product development activities, including product design, research, architecture, engineering, testing, enhancement of existing products and development of new product offerings, and have therefore be en appropriately classified under the said object.” 3 Other General Corporate Purpose which also includes cost of fund raising/ issue expenses EOGM Resolution^, Board Resolution, CA Certificate*, Bank statements, Invoices and Management certificate 70.00 4.22 3.77 7.99 62.01 In Q1FY27, the company has utilised Rs.0.91 crore towards rent expenses and Rs.2.86 crore towards statutory payments. The same is in line with the definition of GCP as per board resolution dated April 09, 2026. The said expenses were incurred through the company’s current account, for which the company has taken reimbursement. No Comm ents No Comment s Total 300.00 22.14 13.50 35.64 264.36 *The above details are verified by Singhi & Co. vide its CA certificate dated August 05, 2026. ^Sourced from Special Resolution passed at Extraordinary General Meeting held on August 28, 2025.
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8 PAS 4 covers the utilization of the proceeds in generic manner towards first two objects while details of amount under each object and timelines are defined in special resolution at EOGM. Note 1: As per CFO undertaking, “During the quarter ended June 30, 2026 (April’26 -June’26), the company remitted USD 0.5 million to its wholly owned subsidiary, NPST Global Solutions LLC, Dubai, UAE, by way of investment through Optionally Convertible Debentures (OCDs). The aforesaid remittance has been made strictly towards the approved object of the Preferential Allotment, namely ‘Global Expansion and Brand Building ’, as approved by the shareholders and disclosed in the Notice of General Meeting read with the Corrigendum thereto. The investment is intended to support the company's international expansion through its wholly owned subsidiary, including establishment of operations, business develop ment, market expansion and working capital requirements in connection with its overseas business initiative s. Further, the salaries paid to the marketing team, have been allocated under Object No. 1 – Global Expansion and Brand Building, specifically under sub-object (b) Establish a strong brand. These salaries pertain to personnel engaged in marketing and business developm ent activities such as brand promotion, customer acquisition, market research and sales support ”. (iii) Deployment of unutilized public issue proceeds: Sr. No. Type of instrument and name of the entity invested in Amount invested Maturity date Earning Return on Investment (%) Market Value as at the end of quarter 1. Fixed deposit with ICICI Bank (188910005888) 78.08 28-07-2026 - 6.15 78.08 2. Fixed deposit with ICICI Bank (188913009567) 50.00 17-04-2027 - 7.10 50.00 3. Fixed deposit with ICICI Bank (188910005964) 50.00 31-08-2026 - 6.25 50.00 4. Fixed deposit with ICICI Bank (188913009486) 1.38^ 30-12-2026 - 5.50 1.38 5. Fixed deposit with Indian Overseas Bank (008904000011767) 1.75^ 18-06-2027 - 6.60 1.75 6. Fixed deposit with Indian Overseas Bank (008904000011770) 1.75^ 18-06-2027 - 6.60 1.75 7. Fixed deposit with AU Small Finance Bank (2603234842959761/1) 19.00^ 05-09-2026 - 7.05 19.00 8. Fixed deposit with AU Small Finance Bank (2603234844057701/1) 6.00^ 19-07-2026 - 7.00 6.00 9. Fixed deposit with AU Small Finance Bank (2603234845261783/1) 30.00^ 04-06-2027 - 7.65 30.00 10. Fixed deposit with AU Small Finance Bank (2603234845261823/1) 10.00^ 03-12-2026 - 7.15 10.00 11. Fixed deposit with AU Small Finance Bank (2603234845261793/1) 10.00^ 03-03-2027 - 7.25 10.00 12. Fixed deposit with AU Small Finance Bank (263234845276447/1) 10.06^ 03-07-2026 - 5.75 10.06 Less: Interest earned on FDs 3.66 Total Unutilized Proceeds 264.36 The above details are verified by Singhi & Co. vide its CA certificate dated August 05, 2026. ^The company transferred funds from ICICI Bank escrow account to various current accounts prior to the creation of FDs. These accounts had numerous other business transactions, resulting in commingling of funds.
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9 (iv) Delay in implementation of the object(s) Objects Completion Date Delay (no. of days/ months) Comments of the Board of Directors As per the offer document Actual Reason of delay Proposed course of action Global Expansion and Brand Building 24 months from the date of receiving funds i.e. by September 04, 2027 Ongoing Not applicable No Comments No Comments Accelerating Growth through Product Development, Infrastructure Enhancement & Strategic Acquisition 24 months from the date of receiving funds i.e. by September 04, 2027 Ongoing Not applicable No Comments No Comments Other General Corporate Purpose which also includes cost of fund raising/ issue expenses 24 months from the date of receiving funds i.e. by September 04, 2027 Ongoing Not applicable No Comments No Comments The above details are verified by Singhi & Co. vide its CA certificate dated August 05, 2026. 5) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document Sr. No Item Head^ Amount in Rs. Crore Source of information / certifications considered by Monitoring Agency for preparation of report Comments of Monitoring Agency Comments of the Board of Directors 1. Office administration and overhead expenses 0.91 EOGM Resolution, CA Certificate*, Board Resolution, Bank statements, Invoices and Management certificate In Q1FY27, the company has utilized Rs.0.91 crore towards rent expenses. No Comments 2. Statutory payments 2.86 EOGM Resolution, CA Certificate*, Board Resolution, Bank statements, Invoices and Management certificate In Q1FY27, the company has utilized Rs.2.86 crore towards statutory payments like taxes and provident fund. No Comments Total 3.77 *The above details are verified by Singhi & Co. vide its CA certificate dated August 05, 2026. ^As per board resolution dated April 09, 2026: The utilization of proceeds under the object General Corporate Purposes is approved for the following expenditure heads: 1) Employee cost 2) Office administration and overhead expenses (including rent, electricity, and other office related expenses) 3) Other overhead expenses (including traveling, consultancy fees, audit fees and other allied expenses) 4) Addition to fixed assets (not pertaining to any new project, including furniture and fixtures, information technology assets for staff and similar assets) 5) Statutory payments (including goods and service tax, income tax, provident fund and other statutory dues)
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Disclaimers to MA report: a) This Report is prepared by CARE Ratings Ltd (hereinafter referred to as “Monitoring Agency/MA”). The MA has taken utmost care to ensure accuracy and objectivity while developing this Report based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. b) This Report has to be seen in its entirety; the selective review of portions of the Report may lead to inaccurate assessments. For the purpose of this Report, MA has relied upon the information provided by the management /officials/ consultants of the Issuer and third-party sources like statutory auditor/ internal auditor which is peer reviewed audit firm appointed by the Issuer believed by it to be accurate and reliable. c) Nothing contained in this Report is capable or intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The MA is also not responsible for any erro rs in transmission and specifically states that it, or its directors, employees do not have any financial liabilities whatsoever to the users of this Report. d) The MA and its affiliates do not act as a fiduciary. The MA and its affiliates also do not act as an expert to the extent defined under Section 2(38) of the Companies Act, 2013. While the MA has obtained information from sources it believes to be reliable, it does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives from statutory auditors/ internal auditor which is peer reviewed audit firm (or from peer reviewed CA firms), lawyers, chartered engineers or other experts, and relies on in its reports. e) The MA or its affiliates may have other commercial transactions with the entity to which the report pertains. As an example, the MA may rate the issuer or any debt instruments / facilities issued or proposed to be issued by the issuer that is subject matter of this report. The MA may receive separate compensation for its ratings and certain credit-related analyses, normally from issuers or underwriters of the instruments, facilities, securities or from obligors.
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@Kala Clgarwal B.Com, FCS Company Secretary & insolvency Professional (IBBI/IPA-002/1P- -N00B4 1/2019-2020/12734) 801, Embassy Centre, Jamnalal Bajaj Road, Nariman Point, Mumbai - 400 021 Emait admin@aiaaganwalcom - Contact 022 22824639 /59 Mob. 9619866185 FORM NO. MR- 3 SECRETARIAL AUDIT REPORT For The Financial Year Ended On 31¢tMarch, 2026 [Pursuant to section 204(1) of the Companies Act, 2013 and Rule No. 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014] To, The Members, NETWORK PEOPLE SERVICES TECHNOLOGIES LIMITED Off No.427/428/429, A-Wing, NSIL, Lodha Supremus I1, Road No.22, Wagle Industrial Estate, Thane (W)-400604, Maharashtra. I have conducted the Secretariall Audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by Network People Services Technologies Limited having CIN L74110MH2013PLC248874 (hereinafter called ‘the Company’). Secretarial Audit was conducted in a manner that provided me a reasonable basis for evaluating the corporate conduct/statutory compliances and expressing my opinion thereon. Based on my verification of the Company’s books, papers, minute books, forms and returns filed and other records maintained by the Company and also information provided by the Company, its officers, agents and authorized representatives during the conduct of secretarial auditt 1 hereby report that in my opinion, the Company has during the audit period covering the financial year ended on 315t March, 2026 complied with the statutory provisions of the applicable laws referred to hereunder and also that the Company has proper Board processes and compliance mechanisms in place to the extent, in the manner and subject to the reporting made hereinafter. I have examined the books, papers, minute books, forms and returns filed and other records maintained by Network People Services Technologies Limited for the financial year ended on 31t March, 2026 according to the provisions of: 0] The Companies Act, 2013 (‘the Act’) and the Rules made thereunder: (i) The Securities Contracts (Regulation) Act, 1956 ('SCRA") and the Rules made thereunder; (i) The Depositories Act, 1996 and the Regulations and Bye-laws framed thereunder; (iv) Foreign Exchange Management Act, 1999 and the Rules and Regulations made thereunder to the extent of Foreign Direct Investment, Overseas Direct Investment and External Commercial Borrowings; if any. () The following regulations made and guidelines issued under the Securities and Exchange Board of India Act, 1992 ('SEBI Act") viz.: a) The Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015; b) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011; ¢) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015; Secretarial Audit Report Network People Services Technologies Limited- 31t March, 2026
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d) The Securities and Exchange Board of India (Depositories and Participant) Regulations, 2018; €) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018; f) Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021; g The Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021; - (Not Applicable during the audit period) h) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 2025;- (In relation to the Company's engagement with its SEBI- registered Registrar and Share Transfer Agent.); i) The Securities and Exchange Board of India (Delistng of Equity Shares) Regulations, 2021; - (Not Applicable during the audit period) i) The Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018; - (Not Applicable during the audit period) and (vi) Such other laws as are specifically applicable to the Company, based on its business activities and industry, as identified by the management and wherever applicable, examined by me. I have also examined compliance with the applicable clauses of the following: ® (i) Secretarial Standards issued by The Institute of Company Secretaries of India. The Listing Agreements entered into by the Company with National Stock Exchange of India Limited and BSE Limited read with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. During the year under review, the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above except to the extent as mentioned below: The Company did not obtain the in-principle approval of the stock exchanges prior to the issuance of securities, as required under the applicable provisions. Consequently, a fine of 59,000 (including GST) was levied by each of the stock exchanges, namely National Stock Exchange of India Limited and BSE Limited. The Company subsequently regularized the non-compliance and remitted the fines to NSE Limited and BSE Limited on 17t September, 2025 and 23 September 2025, respectively. I further report that, a) b) The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors, Independent Directors and Women Director. During the Audit period there were no changes in composition of the Board of Directors other than Re- appointments of Deepak Chand Thakur (DIN: 06713945), Ashish Aggarwal (DIN: 06986812), Abhishek Mishra (DIN: 00288274) that were carried out in compliance with the provision of the Act and Listing Regulations. Adequate notice is given to all Directors to schedule the Board/Committee Meetings. Agenda and detailed notes on agenda were sent at least seven days in advance except in cases where meetings were convened at a shorter notice. The Company has complied with the provisions of Act for convening meeting at the shorter notice. A system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting. Secretarial Audit Report Network People Services Technologies Limited- 31t March, 2026
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) All decisions at Board Meetings and Committee Meetings are carried out unanimously as recorded in the minutes of the meetings of the Board of Directors or Committees of the Board, as the case may be. During the period under audit, the following specific events / actions having a material bearing on the Company’s affairs have taken place in pursuance of the above referred laws, rules, regulations and standards: i. The Company incorporated its wholly owned subsidiary named as NPST Global LLC in Dubai, United Arab Emirates (UAE), on April 24, 2025. ii. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company successfully migrated from the NSE Emerge (SME Platform) of the National Stock Exchange of India Limited to the Main Board of the National Stock Exchange of India Limited and was directly listed on the Main Board of BSE Limited, with effect from 30t April, 2025. iii. The Company in its Board Meeting dated 05% September, 2025 allotted 14,46,500 Equity Shares on a preferential basis in accordance with the applicable provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. iv. The Company allotted 5,350 Equity Shares on 27% May, 2025 and 8,900 Equity Shares on 12% November, 2025, each having a face value of %10, pursuant to the NPST Employee Stock Option Plan, 2023, I further report that there are adequate systems and processes in the Company commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines. = KALA AGARWAL Practising Company Secretary CP No.: 5356 UDIN: Place: Date: Mumbai Note: This report is to be read with my letter of even date which is annexed as ANNEXURE A’ and forms an integral part of this report. Secretarial Audit Report Network People Services Technologies Limited- 31st March, 2026
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To, ANNEXURE A The Members, NETWO! RK PEOPLE SERVICES TECHNOLOGIES LIMITED Off No.427/428/429, A-Wing, NSIL, Lodha Supremus I1, Road No.22, Wagle Industrial Estate, Thane (W)-400604, Maharashtra. My report of even date is to be read along with this letter. 1. Maintenance of secretarial record is the responsibility of the management of the company. My responsibility is to express an opinion on these secretarial records based on my audit. 2. I have followed the audit practices and processes as were appropriate to obtain reasonable assurance about the correctness of the contents of the Secretarial records. The verification was done on test basis to ensure that correct facts are reflected in secretarial records. I believe that the audit processes and practices followed by me provide a reasonable basis for my opinion. 3. I have not verified the correctness and appropriateness of financial records and Books of Accounts of the company. 4. ‘Wherever required, I have obtained the Management representation about the compliance oflaws, rules and regulations and happening of events etc. 5. The compliance of the provisions of corporate and other applicable laws, rules, regulations, standards is the responsibility of management. My examination was limited o the verification of procedures on test basis. 6. The Secretarial Audit report is neither an assurance as to the future viability of the company nor of the efficacy or effectiveness with which the management has conducted the affairs of the company. = KALA AGARWAL Practising Company Secretary CP No.: 5356 UDIN: F005976H001079444 Place: Mumbai Date: 11t August, 2026 Secretarial Audit Report Network People Services Technologies Limited- 31st March, 2026
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@Kala Clgarwal B.Com, FCS Company Secretary & Insolvency Professional (IBBI/IPA-002/P-N00B41/2019-2020/12734) 801, Embassy Centre, Jamnalal Bajaj Road, Nariman Point, Mumbai - 400 021 Email: admin@kaiaagarwal com - Contact: 022 22824639 / 59 + Mob. 9819888185 CERTIFICATE OF NON-DISQUALIFICATION OF DIRECTORS (Pursuant to Regulation 34(3) and Schedule V Para C clause (10)(i) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015) To, The Members, NETWORK PEOPLE SERVICES TECHNOLOGIES LIMITED Off No. 427/428/429, A-Wing, NSIL, Lodha Supremus I, Road No. 22, Wagle Industrial Estate, Thane (W), 400604, Maharashtra. We have examined the relevant registers, records, forms, returns and disclosures received from the Directors of Network People Services Technologies Limited having CIN: L74110MH2013PLC248874 and having registered office at Off No.427/428/429, A-Wing, NSIL, Lodha Supremus II Road No.22, Wagle Industrial Estate, Thane (W), 400604 Maharashtra. for the purpose of issuing this Certificate, in accordance with Regulation 34(3) read with Schedule V Para C sub-clause 10(i) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. In our opinion and to the best of our information and according to the verifications (including DIN status at www.mca.gov.in ) as considered necessary and explanations furnished to us by the Company & its officers,, we hereby certify that none of the Directors on the Board of the Company as stated below for the financial year ended 31st March, 2026 have been debarred or disqualified from being appointed or continuing as Directors of companies by SEBI, Ministry of Corporate Affairs or any other Statutory Authority: Sr. Name of Directors DIN Date of appointment in the Nos. Company 1 Mr. Deepak Chand | 06713945 26t July, 2014 Thakur 2 Mr. Ashish Aggarwal 06986812 20t November, 2014 3 Ms. Savita Vashist 08658850 22 January, 2024 4 Mr. Abhishek Mishra 00288274 20t October, 2020 5 Ms. Panchi | 09205373 25t September, 2023 Samuthirakani 6 Mr. Ram Nirankar | 07063686 12t April, 2024 Rastogi Ensuring the eligibility for appointment / continuity of every Director on the Board is the responsibility of the Management of the Company. Our responsibility is to express an opinion based on our verification. This certificate is neither an assurance as to the future
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viability of the Company nor of the efficiency or effectiveness with which the management has conducted the affairs of the Company. KALA AGARWAL Practising Company Secretary CPNo.: 5356 UDIN: F005976H001079477 Place: Mumbai Date: 11t August, 2026