Network People Services Technologies Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on August 28, 2025
NPST · price
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Network People Services Technologies Limited (NPST) held an Extraordinary General Meeting on August 28, 2025, via video conferencing, where 35 members participated. The single item of special business considered was a preferential allotment of 14,46,500 equity shares of face value Rs. 10 each at a minimum issue price of Rs. 2,074 per share, which includes a premium of Rs. 2,064 per share. The total aggregate value of the proposed issue is approximately Rs. 300 crore (Rs. 3,00,00,41,000). The newly issued shares will be listed on both NSE and BSE. E-voting was conducted between August 25 and August 27, 2025, with Ms. Kala Agarwal appointed as scrutinizer. Results of the e-voting are awaited and will be disclosed separately.
This is a significant capital raise of around Rs. 300 crore via preferential allotment, which will lead to dilution of existing shareholders. The issue price of Rs. 2,074 is far above the face value of Rs. 10, indicating a strong premium pricing, but retail investors should watch for disclosure of the allottees' identities and the end-use of funds, as these will determine the real impact on share value.