Network People Services Technologies Limited (NPST) has successfully raised over ₹300 crore through a preferential allotment to Tata Mutual Fund and released its financial results for the second quarter.

Capital Raise

NPST issued 14,46,500 equity shares at ₹2,074 per share to Tata Mutual Fund through a preferential allotment. The funds raised are intended to support several strategic initiatives:

1. Product innovation
2. Global expansion across Africa, Middle East, and Southeast Asia
3. Infrastructure enhancement
4. Potential acquisitions to strengthen NPST's digital payments and banking technology platform

Q2 Financial Highlights

For the quarter ended September 30, NPST reported:

Half-Year Performance

For the first half (April 1 to September 30), the company achieved:

Details of the Preferential Issue

The ₹300 crore raised through the preferential issue has been allocated for three main purposes:

1. Global expansion and brand building (₹60 crore)
2. Accelerating growth through product development, infrastructure enhancement, and strategic acquisitions (₹170 crore)
3. General corporate purposes, including fundraising costs (₹70.00 crore)

As of September 30, the entire ₹300 crore remains unutilized and is currently invested in a fixed deposit with ICICI Bank, earning 5% interest. The company has until September 4, 2027, to utilize these funds as per the offer document.

Other Corporate Actions

• The board approved the allotment of 8,900 equity shares under the NPST Employee Stock Option Plan 2023.
• NPST incorporated a wholly-owned subsidiary named NPST Global Solutions LLC in Dubai, UAE, on April 24.
• The company addressed a non-compliance issue under Regulation 28(1) of the SEBI Listing Regulations, paying fines to both NSE and BSE.

Company Overview

Network People Services Technologies operates in the IT services sector, focusing on software and payment solutions for the banking, corporate, and finance sectors. The company's consolidated results include its subsidiaries: SSK Citizen Services Private Limited, Timepay Digital Infotech Private Limited, and NPST Global Solutions LLC.

Investors and stakeholders may want to monitor the deployment of the newly raised capital, as it could impact future growth and expansion plans. The utilization of these funds will be crucial to watch in the coming quarters as NPST aims to strengthen its market position and expand globally.

Network People Services Technologies Limited (NPST) has secured a significant mandate from Indian Overseas Bank to implement UPI 123Pay, a revolutionary voice-based UPI payment system. This innovative solution aims to bridge the digital divide by enabling feature phone users and non-tech-savvy smartphone users to access UPI payment services.

Key Features of UPI 123Pay

• Target Audience: Approximately 850 million individuals in India who haven't adopted UPI yet, including 400 million feature or button phone users
• Technology: Operates without mobile data or internet connectivity
• User Interface: Allows payments through voice or keypad inputs via missed calls and IVR callbacks
• Language Support: Available in twelve Indian languages
• Additional Features: Balance checks, transaction history, dispute management, and UPI PIN management

NPST's Collaboration and Technology

NPST has developed this solution in partnership with MissCallPay, leveraging their combined expertise to create a user-friendly payment system. The voice-based UPI payment platform is designed to be accessible to a wide range of users, particularly those who may find traditional digital payment methods challenging.

Company Profile

Upcoming Financial Results

As per the LODR data, NPST has scheduled a Board Meeting for November 12, 2025, to discuss and approve the following:

1. Un-Audited Consolidated and Standalone Financial Results for the quarter ended September 30, 2025
2. Limited Review Report on Consolidated and Standalone Financial Results for the same period
3. Report of the monitoring agency for the quarter ended September 30, 2025

This initiative by NPST and Indian Overseas Bank represents a significant step towards financial inclusion in India. By making UPI payments accessible to feature phone users and those less comfortable with technology, the partnership has the potential to bring millions of new users into the digital payment ecosystem.

The voice-based UPI system could be particularly impactful in rural areas and among older demographics, where smartphone adoption and internet connectivity may be limited. As India continues its digital transformation, solutions like UPI 123Pay play a crucial role in ensuring that no one is left behind in the shift towards a cashless economy.

Investors and stakeholders will be keenly watching NPST's upcoming financial results to gauge the impact of this new initiative on the company's performance and future growth prospects.