Network People Services Technologies Limited has successfully concluded its postal ballot process, with shareholders providing overwhelming approval for the amendment to the company's NPST ESOP 2023 policy. The special resolution was declared passed on March 16, 2026, following the completion of remote e-voting that ended on March 15, 2026.

Voting Results and Participation

The postal ballot witnessed strong shareholder participation across all categories. Out of 7,361 total shareholders on the record date of February 06, 2026, a total of 25 shareholders participated in the voting process.

Category-wise Voting Breakdown

The voting results demonstrated strong support across all shareholder categories with detailed participation metrics:

The promoter and promoter group, represented by 2 shareholders, cast 8,793,137 votes entirely in favour. Public institutions showed the highest participation rate at 94.17%, while public non-institutions had minimal opposition with only 234 votes against the resolution.

Resolution Details and Process

The special resolution focused on approving the amendment of the "NPST ESOP 2023" Policy in accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulation, 2021. The voting process was conducted entirely through remote e-voting facility provided by National Securities Depository Limited (NSDL).

Scrutinizer's Confirmation and Regulatory Compliance

Kala Agarwal, Practicing Company Secretary (Membership No. 5976), served as the appointed scrutinizer for the postal ballot process. In her report dated March 16, 2026, she confirmed that the voting process was conducted in compliance with Section 108 and 110 of the Companies Act, 2013, and related rules.

The scrutinizer verified that all votes were cast through the remote e-voting platform, with the system being disabled after the voting deadline. The votes were unblocked on March 16, 2026, in the presence of two independent witnesses, ensuring transparency in the process.

Company Secretary and Compliance Officer Chetna Chawla (Membership No: A64291) submitted the voting results and scrutinizer's report to both NSE and BSE on March 16, 2026, fulfilling all regulatory requirements under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results have also been made available on the company's website at www.npstx.com for stakeholder access.

Network people services tech has announced its collaboration with NPCI Bharat BillPay Limited to co-host a Banking Connect Workshop in Mumbai, marking a significant step in promoting interoperable banking solutions across the financial sector.

Workshop Partnership Details

The workshop represents part of NPST's ongoing initiatives to engage with banks on Banking Connect, also known as Net Banking 2.0. This collaboration with NPCI Bharat BillPay Limited focuses on demonstrating the capabilities of an interoperable internet and mobile banking platform that addresses modern banking challenges.

Banking Connect Platform Features

Banking Connect offers a comprehensive solution for financial institutions seeking to modernize their digital banking infrastructure. Through a single NBBL-certified integration, the platform enables seamless connectivity across internet and mobile banking channels. Key benefits include:

• Assistance in addressing legacy system constraints
• Streamlined merchant onboarding processes
• Secure omnichannel experiences for high-value payment transactions
• Interoperable internet and mobile banking capabilities

NPST's Strategic Objectives

Through this initiative, Network People Services Technologies Limited aims to scale adoption of its Bank-in-a-Box model integrated with Banking Connect. The company's approach addresses the industry requirement for subscription-based technology solutions while maintaining flexibility for different deployment models.

The on-premise deployment model is specifically designed to handle significant transaction volumes, making it suitable for larger financial institutions with high-capacity requirements.

Industry Recognition

NPST holds the distinction of being among the first Technology Service Providers accredited by NPCI Bharat BillPay Limited for Banking Connect Issuer and Acquirer Switches. This accreditation demonstrates the company's technical capabilities and compliance with industry standards for digital banking infrastructure.

The workshop initiative reflects NPST's commitment to advancing digital banking solutions and supporting financial institutions in their digital transformation journey through innovative technology partnerships.