Network people services tech has filed its quarterly compliance certificate with stock exchanges, fulfilling mandatory regulatory requirements under SEBI regulations for the quarter ended March 31, 2026. The submission demonstrates the company's adherence to securities market regulations governing dematerialization processes.

Regulatory Compliance Certificate

The company submitted its certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, dated April 14, 2026. This regulatory filing confirms compliance with dematerialization procedures for securities received during the quarter and financial year ended March 31, 2026.

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's registrar and share transfer agent. The registrar provided supporting certification dated April 01, 2026, confirming proper handling of dematerialization requests during the quarter.

The registrar's certificate validates that securities received from depository participants for dematerialization were processed according to regulatory requirements. All security certificates received for dematerialization were appropriately confirmed or rejected, with accepted certificates being mutilated and cancelled after due verification.

Corporate Governance

Company Secretary and Compliance Officer Chetna Chawla signed the compliance certificate, ensuring proper corporate governance procedures. The certificate was digitally signed on April 14, 2026, demonstrating the company's commitment to transparent regulatory reporting.

The filing confirms that Network People Services Technologies Limited maintains proper records and follows prescribed procedures for securities dematerialization, supporting investor confidence in the company's regulatory compliance framework.

Network People Services Tech has announced securing an AI-powered merchant underwriting and risk management order from a public sector bank through its Risk Intelligence and Decision Platform (RIDP). The company disclosed this development in a regulatory filing, highlighting the strategic significance of this engagement in the fintech solutions sector.

Platform Specifications and Features

The order encompasses NPST's Risk Intelligence and Decision Platform, a cloud-native solution designed for comprehensive merchant risk management across online and POS channels. The platform operates throughout the entire merchant lifecycle, from initial onboarding through ongoing monitoring and compliance.

Advanced Risk Management Capabilities

The RIDP solution incorporates sophisticated automated monitoring systems that extend beyond traditional onboarding checks. The platform conducts scheduled website crawling to detect prohibited content, payment scheme violations, MCC mismatches, fraudulent business entities, and restricted product categories. When material changes occur in merchant business details, the system automatically flags these changes and triggers re-underwriting processes.

The risk scoring mechanism utilizes multiple data sources including identity signals, behavioral patterns, and website risk indicators. The platform features linkage detection capabilities to identify duplicate or re-entering merchants while maintaining data privacy by not exposing raw Personally Identifiable Information.

Regulatory Compliance Integration

NPST's solution automates mandatory regulatory compliance requirements including Know Your Customer (KYC) and Know Your Bank (KYB) processes through regular verifications from GST, PAN, and CIN databases. The platform maintains immutable audit trails for all underwriting decisions, overrides, and configuration changes, ensuring alignment with RBI guidelines and evolving payment industry requirements.

Management Commentary

"Merchant fraud in digital payments does not announce itself at onboarding. It creeps in after merchant activation, through deviations that static checks never catch. The volume and sophistication of these threats have outgrown the tools most banks still rely on," said Deepak Chand Thakur, Co-founder and CEO of NPST. He emphasized that this order reflects a sector-wide shift toward preventive controls and continuous merchant visibility rather than reactive post-incident reporting.

Strategic Market Position

This engagement with a public sector bank reinforces Network People Services Tech's position as a Technology Service Provider and Payment Platform-as-a-Service provider in the Indian fintech ecosystem. The company continues to serve banks, fintechs, regulators, and payment aggregators across the financial value chain through its AI-powered RegTech solutions.