Network People Services Technologies Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Network People Services Technologies Limited has filed a statement confirming no deviation or variation in the utilization of Rs. 300.0041 crore raised through preferential allotment of 14,46,500 equity shares on September 5, 2025. The funds were allocated across three purposes: Global Expansion and Brand Building (Rs. 60 crore), Accelerating Growth through Product Development, Infrastructure Enhancement & Strategic Acquisition (Rs. 170 crore), and Other General Corporate Purpose (Rs. 70.0041 crore). As of March 31, 2026, the company has utilized Rs. 22.1428 crore, representing about 7.4% of the total raised. CARE Ratings Limited acted as the monitoring agency. The statement was reviewed by the Audit Committee on May 14, 2026.
Positive signal for shareholders as the company has confirmed proper utilization of funds as per the original disclosed objects with no deviations detected. The low utilization rate (7.4%) suggests the bulk of capital deployment is still underway.