Network People Services Technologies Limited has informed the Exchange regarding Notice of Postal Ballot
NPST · price
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Network People Services Technologies Limited has issued a Postal Ballot notice seeking shareholder approval (via Special Resolution) to amend its existing 'NPST ESOP 2023' policy in line with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The amended policy, to be renamed 'NPST ESOP 2023 (Amended)', will take effect from April 1, 2026, and allows a maximum of 1,50,000 equity shares to be issued under the scheme. Key changes include a hybrid vesting structure (time-based for the first two years; 50% time-based and 50% performance-based from Year 3), a vesting period of 1-4 years, an exercise price linked to the market price on the grant date (with possible discount of 30-100% of fair value), and a 6-month lock-in on shares allotted on exercise. Voting will be conducted only through remote e-voting via NSDL from February 14, 2026 (9:00 AM) to March 15, 2026 (5:00 PM), with results to be declared on March 16, 2026.
The amendment is a routine governance action to align the company's ESOP policy with current SEBI regulations. It may lead to modest dilution over time (capped at 1,50,000 shares) but is not expected to materially affect near-term share price, since existing grantees' interests are explicitly stated to remain unaffected. Shareholders should review and vote on the resolution during the e-voting window.