Netweb Technologies India Limited has received its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The certificate was submitted to both BSE Limited and National Stock Exchange Limited on April 3, 2026, as part of the company's regulatory compliance obligations.

Regulatory Compliance Certificate Details

The certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the registrar and share transfer agent for Netweb Technologies. The document confirms compliance with the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Share Dematerialization Status

According to the certificate issued by MUFG Intime India Private Limited, the regulation is not applicable to Netweb Technologies as the entire shareholding of the company remains in dematerialized form. The registrar confirmed that no requests for rematerialisation were received from any shareholders during the quarter ended March 31, 2026.

This complete digitization of shareholding indicates that all investors continue to hold their shares in electronic format through depository participants, eliminating the need for physical share certificates.

Regulatory Framework

SEBI Regulation 74(5) under the Depositories and Participants Regulations, 2018, requires companies to provide quarterly certificates regarding the status of share dematerialization and any rematerialisation requests. The regulation aims to ensure transparency in the movement of securities between physical and electronic forms.

Corporate Compliance

The certificate was signed by Lohit Chhabra, Company Secretary and Compliance Officer of Netweb Technologies, and submitted to both stock exchanges where the company is listed. The document demonstrates the company's adherence to regulatory requirements and maintains transparency with market participants regarding its shareholding structure.

Netweb Technologies India Limited successfully concluded its postal ballot process on March 20, 2026, with shareholders approving the reappointment of four key directors for five-year terms. The company announced the voting results along with the scrutinizer's report, demonstrating strong shareholder participation in the governance process.

Postal Ballot Process Overview

The e-voting process was conducted through MUFG Intime India Private Limited from February 19, 2026 at 9:00 A.M. (IST) to March 20, 2026 at 5:00 P.M. (IST). The postal ballot notice was dated January 17, 2026, with February 13, 2026 as the cut-off date for determining eligible shareholders.

Director Reappointment Results and Terms

All four special resolutions for director reappointments were approved by requisite majority, with appointments effective from August 14, 2026 to August 13, 2031. The reappointments were based on recommendations from the Nomination and Remuneration Committee and the Board of Directors.

Sanjay Lodha - Chairman and Managing Director

The reappointment of Sanjay Lodha (DIN: 00461913) as Chairman and Managing Director received overall approval with 95.72% votes in favor.

Navin Lodha - Whole Time Director

Navin Lodha's (DIN: 00461924) reappointment as Whole Time Director received the highest approval rate at 99.96%.

Vivek Lodha and Niraj Lodha - Whole Time Directors

Vivek Lodha (DIN: 00461917) and Niraj Lodha (DIN: 00747601) received approval rates of 92.63% and 91.11% respectively. Both faced significant opposition from public institutional investors, with approval rates of 48.68% and 38.12% respectively from this category.

Regulatory Compliance and Disclosure

The company filed the intimation under Regulation 30 of SEBI (LODR) Regulations, 2015, confirming compliance with all applicable provisions. As per the regulatory disclosure, none of the directors have been debarred from holding the office of Director pursuant to any SEBI Order or any other such authority.

Scrutinizer's Report

Nikhil Jain of M/s Nikhil Jain and Associates (FCS No 13835, CP No. 17727) served as the scrutinizer for the postal ballot process. The report confirmed that 589 members cast valid votes through remote e-voting, with 4 members abstaining. Several institutional shareholders exercised partial voting rights, voting differently on various resolutions.

The successful completion of the postal ballot process ensures continuity in Netweb Technologies' leadership structure, with all four directors securing five-year terms despite varying levels of institutional investor support.