Network People Services Technologies Limited has submitted the Exchange a copy Scrutinizers report of Extra Ordinary General Meeting held on August 28, 2025. Further, the company has informed the Exchange regarding voting results.
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Network People Services Technologies Limited (NPST) held an Extra Ordinary General Meeting (EGM) on August 28, 2025, via video conferencing, where shareholders approved a special resolution for a preferential issue of equity shares. Out of 1,93,89,900 total outstanding shares, 1,54,75,615 votes were polled, representing 79.81% participation. Of the votes cast, 1,54,75,614 (essentially 100%) were in favour and only 1 vote was against the resolution. The promoter group, which holds 1,25,66,067 shares, was not marked as interested in the agenda. The scrutinizer, Ms. Kala Agarwal (Practicing Company Secretary), confirmed the resolution was passed with the requisite majority under both remote e-voting and e-voting at the EGM.
The approval clears the way for NPST to issue equity shares on a preferential basis, which may result in dilution for existing shareholders but also brings in fresh capital or a strategic investor. With virtually no opposition, the move signals strong investor confidence in the company's planned capital-raising action.