Corporate Governance11 Nov 2026, 06:30 pm
Network People Services Technologies Ltd: No Deviation in Preferential Allotment Funds
AI Summary
Network People Services Technologies Ltd has filed its Statement of Deviation for the quarter ended September 30, 2026, concerning funds raised through a preferential allotment of 14,46,500 equity shares on September 05, 2025, amounting to ₹300.0041 Crore. The company confirms there has been no deviation or variation in the utilization of these proceeds. The statement was reviewed by the Audit Committee. Total funds utilized as of September 30, 2026, were ₹56.5186 Crore across various objectives including global expansion, product development, and general corporate purposes.
Key Highlights
- No deviation reported in the utilization of funds from preferential allotment.
- ₹300.0041 Crore raised via preferential allotment on September 05, 2025.
- ₹56.5186 Crore utilized by September 30, 2026.
- Funds allocated for expansion, product development, and corporate purposes.
- Statement reviewed by the Audit Committee.
Price Impact
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