Network People Services Technologies Limited has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Vijay Kumar Singh as an Independent Director. The resolution proposes a five-year term commencing from May 28, 2026, to May 27, 2031, subject to the approval of members through a special resolution. This appointment is intended to strengthen the governance function of the Company, leveraging Singh's extensive experience in corporate governance and risk management.

Mr. Vijay Kumar Singh was appointed as an Additional Director (Independent) by the Board of Directors effective May 28, 2026. He has submitted the necessary declarations confirming his independence under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI Listing Regulations, 2015. A Fellow Chartered Accountant with over 25 years of experience, Singh brings expertise in finance, internal audit, corporate governance, and regulatory compliance.

The remote e-voting period commences on Saturday, May 30, 2026, at 9:00 A.M (IST) and concludes on Sunday, June 28, 2026, at 5:00 P.M (IST). The Company has engaged National Securities Depository Limited (NSDL) to facilitate the e-voting process. M/s Kala Agarwal, Practicing Company Secretaries, has been appointed as the Scrutinizer to ensure the conduct of the postal ballot in a fair and transparent manner.

Shareholders whose email addresses are registered with the Company or Depository Participants as on Friday, May 22, 2026, the cut-off date, are eligible to vote. The results of the postal ballot along with the Scrutinizer's Report will be announced within two working days from the end of the remote e-voting period. The resolution, if passed by the requisite majority, will be deemed effective on the last date of e-voting, June 28, 2026.

Key Details of the Appointment

The Board recommends the special resolution for approval.

Network People Services Technologies Limited reported a decline in consolidated profit for the financial year ended March 31, 2026, while its board recommended a final dividend. The company's consolidated profit for the period stood at ₹4,082 lakh, a decrease from ₹4,520 lakh in the previous year. Consolidated revenue from operations for FY26 rose to ₹20,939 lakh from ₹18,062 lakh in FY25. The board has recommended a final dividend of ₹2 per equity share of face value ₹10 each, subject to shareholder approval.

The board met on May 28, 2026, to approve the audited standalone and consolidated financial results. Statutory auditors M/s Singhi & Co. issued an unmodified opinion on the results. The meeting also addressed corporate governance matters, including the re-appointment of M/s RVA & Associates LLP as Internal Auditor for FY 2026-27 and the approval of the Amended Nomination and Remuneration Policy.

The board took note of the resignation of Mr. Abhishek Mishra as Independent Director effective April 1, 2026. Consequently, it appointed Mr. Vijay Kumar Singh as an Additional Director (Independent) for a term of five years, effective May 28, 2026. A postal ballot notice was approved to seek shareholder approval for his appointment. The board also reconstituted the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee.

Operational highlights include the allotment of 12,850 equity shares pursuant to the exercise of stock options under the NPST Employee Stock Option Plan 2023. The company also approved the Statement of Deviation for the quarter ended March 31, 2026, and took note of the Annual Secretarial Compliance Report for FY26. There were no investor complaints pending, received, or disposed of during the quarter.

The company's standalone profit for FY26 was ₹4,106 lakh, compared to ₹4,520 lakh in the previous year. Standalone revenue increased to ₹19,417 lakh from ₹17,312 lakh. The trading window for dealing in the company's securities will remain closed for designated persons until 48 hours after the declaration of the audited financial results.