Network People Services Technologies Limited (NPST) has achieved significant milestones in its corporate development, with recent trading approvals complementing its strong operational performance.

Trading Approval for Preferential Allotment

The company has received trading approval from both major stock exchanges for its preferential allotment of equity shares. The approval details are presented below:

The shares carry distinctive numbers from 19395251 to 20841750 and are now listed and admitted for trading on both exchanges.

Strong Q2 Financial Performance

NPST has demonstrated robust financial growth in its second quarter results:

Business Expansion and Product Portfolio

The company has diversified its offerings with new product launches including Banking Connect for enhanced interoperability, Bank-in-a-Box SaaS solution for smaller banks, and the Queens platform for offline payments. The business segments show strong contribution patterns with the Technology Service Provider segment contributing 80-85% of revenue, while Payment Platform as a Service accounts for approximately 15%.

International Market Presence

NPST has expanded its global footprint through strategic initiatives in Africa with SaaS-based revenue models and established operations in Dubai. The company is actively exploring opportunities in UAE and Southeast Asia markets, positioning itself for international growth.

Future Growth Strategy

The company is focusing on revenue diversification across payment platforms, securing new TSP segment accounts, and developing SaaS-based solutions for RegTech and Bank-in-a-Box offerings. NPST is also investing in AI technologies to achieve at least 40% operational optimization over the coming years.

With India's UPI transaction volume expected to grow from 20 billion to 60 billion monthly transactions in the next four years, NPST's diversified approach and recent capital structure enhancement through the preferential allotment position it well for sustained growth in the dynamic fintech landscape.

Network People Services Technologies Limited (NPST) has reported its financial results for the second quarter of fiscal year 2026, along with several corporate actions. The company's board meeting, held on November 12, 2025, addressed various financial and operational matters.

Financial Performance

For Q2 FY26, NPST reported:

• Total income of ₹48.61 crore, a 38.75% increase from ₹35.04 crore in Q1FY26
• EBITDA growth of 39.48% to ₹15.72 crore with margins at 32.34%
• Net profit increase of 38.39% to ₹9.93 crore

Business Highlights

• Secured new orders, including one from a large PSU bank with 3,300 branches and 4 crore customers
• Expanded QR and Soundbox services to six new states
• Launched new products including Bank-in-Box for cooperative banks
• Preparing to launch Evok 4.0 in December 2025
• Added 11 new payment aggregators
• Signed fourth bank for Payment Platform-as-a-Service

Corporate Actions

Stock Option Allotment

The board approved the allotment of 8,900 equity shares under the NPST Employee Stock Option Plan 2023 for the third tranche.

CSR Committee

A Corporate Social Responsibility Committee was constituted.

Related Party Transactions

The board reviewed related party transactions for the first half of FY 2025-26.

Preferential Allotment

NPST confirmed no deviation in the utilization of proceeds from its preferential allotment of 14,46,500 equity shares worth ₹300 crore. The funds remain unutilized and are currently invested in fixed deposits with ICICI Bank, earning a 5% return.

Regulatory Compliance

The company acknowledged payment of penalties for non-compliance under SEBI regulations and implemented corrective measures to strengthen internal compliance controls.

Subsidiary Operations

NPST incorporated a wholly-owned subsidiary, NPST Global Solutions LLC, in Dubai, UAE, on April 24, 2025. The equity capital for this subsidiary was remitted on July 1, 2025.

Monitoring Agency Report

CARE Ratings Limited, acting as the Monitoring Agency for the preferential issue, reported no deviation from the stated objectives for the funds raised. The total amount of ₹300 crore remains unutilized as of September 30, 2025, and is held in a fixed deposit.

NPST operates across three business segments: Technology Service Provider (TSP), Payment Platform-as-a-Service (PPaaS), and RegTech, serving banks and regulated entities with products including UPI, IMPS, CBDC, and fraud management solutions.