Network People Services Technologies Limited — Capital/Financing Update 2024

Jun 5, 2024

SYMBOL: NPST Dated: 05.06.2024 ISIN: INE0FFK01017

To,

The Manager-Listing Department,

The National Stock Exchange of India Limited, Exchange Plaza, NSE Building, Bandra Kurla Complex, Bandra East, Mumbai-400 051 Fax: 022-26598237, 022-26598238

Subject: Outcome of Board Meeting of “Network People Services Technologies Limited” in accordance with Regulation 30 of Securities & Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Respected Sir,

The Board of Directors of the Company at their Board Meeting held on Wednesday, 5[th] Day of June 2024 at 04.00 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), Thane, Maharashtra, India, 400604, inter alia transacted the following businesses:

1. Approved to create, offer, issue and allot equity shares pursuant to section 62(1)(c ) and other applicable provisions of Companies Act, 2013 and other applicable laws in one or more tranches, through Qualified Institutional Placement (QIP)

2. Appointed M/s Holani Consultants Private Limited, Category-I Merchant Bankers (SEBI Reg No. INM000012467) as Lead Manager for the purpose of Qualified Institutional Placement (QIP)

3. Approved the Notice of the Extra Ordinary General Meeting of the company proposed to be convened on Friday, the 5[th] day of July, 2024 at 11.30 A.M. through VC/OAVM for availing approval for the above stated proposal.

4. Appointed Mrs. Kala Agarwal, Practicing Company Secretaries, Mumbai as a Scrutinizer for monitoring the entire process of e-voting.

5. Other business matters taken up with the permission of the board.

The above decision of Board of Directors is subject to the approval of shareholders, Stock Exchanges and any other necessary regulatory authorities. Notice of the Extra Ordinary General Meeting shall be sent shortly to the members.

The Disclosure pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 for the issuance of securities under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is annexed as Annexure-1.

The aforesaid information will also be hosted on the website of the Company https://www.npstx.com/

The Meeting of the Board of Directors commenced at 4:00 P.M. and concluded at 04:20 P.M.

Further, pursuant to Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and Company’s Code of Conduct for prevention of Insider Trading, the “Trading window” for trading in the shares of the Company shall continue to remain closed upto 48 hours of the closure of meeting for all the designated persons covered under the Code of the Company.

You are requested to kindly take the same on record and inform all those concerned.

Thanking You, Yours faithfully,

For Network People Services Technologies Limited

Ashish Digitally signed by Ashish Aggarwal Date: 2024.06.05 Aggarwal 16:37:53 +05'30' Ashish Aggarwal Joint Managing Director DIN: 06986812

Annexure – 1

Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

1. To create, offer, issue and allot equity shares pursuant to section 62(1)(c ) and other applicable provisions of Companies Act, 2013 and other applicable laws in one or more tranches, through Qualified Institutional Placement (QIP)

==> picture [497 x 263] intentionally omitted <==

----- Start of picture text -----

S. No. Particulars Description
1) Type of securities proposed to be issued (viz. equity Equity Shares of face value of Rs. 10/- each
shares, convertibles etc.)
2) Type of issuance (further public offering, rights issue, Qualified Institutional Placement (QIP)
depository receipts (ADR/GDR), qualified institutions
placement, preferential allotment etc.)
3) Total number of securities proposed to be issued or Upto 16,00,000.00 (Sixteen Lakh Only)
the total amount for which the securities will be equity shares of the Company of face value
issued (approximately) of Rs. 10/- each by way of Qualified
Institutional Placement (QIP) in one or
more tranches and an “Offer for Sale” of
upto 7,05,000.00 (Seven Lakh Five
Thousand Only) equity shares by the
promoters and other selling shareholders of
the company on a private placement basis
in accordance with Chapter VI of the SEBI
ICDR Regulations
4) Name of the stock exchange where the securities National Stock Exchange of India Limited
proposed to be listed (NSE Emerge)
----- End of picture text -----

For Network People Services Technologies Limited

Ashish Digitally signed by Ashish Aggarwal Date: 2024.06.05 16:38:23 Aggarwal +05'30' Ashish Aggarwal Joint Managing Director DIN: 06986812