Network People Services Technologies Ltd Reports No Deviation in Fund Utilization
Network People Services Technologies Ltd has filed a Statement of Deviation for the quarter ended June 30, 2026, concerning funds raised through a preferential allotment of 14,46,500 equity shares on September 5, 2025, amounting to ₹300.0041 Crore. The company confirmed to the BSE that there has been no deviation or variation in the utilization of these proceeds. The statement was reviewed by the Audit Committee on August 11, 2026, and no comments were made. The funds were allocated to Global Expansion and Brand Building (₹60 Cr), Accelerating Growth through Product Development, Infrastructure Enhancement & Strategic Acquisition (₹170 Cr), and Other General Corporate Purposes (₹70.0041 Cr). Total funds utilized by June 30, 2026, were ₹35.6409 Crore.
Key Highlights
- No deviation reported in utilization of funds from preferential allotment.
- Funds raised were ₹300.0041 Crore via preferential allotment.
- Utilization report for quarter ended June 30, 2026, filed with BSE.
- Audit Committee reviewed the statement and found no issues.
- Total utilized funds by June 30, 2026, amounted to ₹35.6409 Crore.
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