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.

Network People Services Technologies Limited has issued a postal ballot notice seeking shareholder approval for amending its existing Employee Stock Option Policy. The company will conduct the voting process exclusively through remote e-voting under Regulation 44 of SEBI Listing Regulations.

Voting Schedule and Process

The e-voting process has been scheduled with specific timelines for shareholder participation:

The Board of Directors approved the proposal on February 11, 2026, based on recommendations from the Nomination and Remuneration Committee. Only shareholders whose names appear in the Register of Members as on the cut-off date will be eligible to vote.

ESOP Policy Amendment Details

The proposed amendment seeks to modify the existing "NPST ESOP 2023" policy, which will be renamed "NPST ESOP 2023 (AMENDED)" upon approval. The amended policy is designed to serve as a long-term incentive mechanism to reward and retain key talent.

Key Features of the Amended Scheme

Eligibility and Vesting Structure

The scheme applies to permanent employees, Directors (excluding Independent Directors), and employees of holding/subsidiary companies. Promoters and Promoter Group members are excluded from participation.

The amended policy introduces a hybrid vesting structure:

• Years 1-2: 100% time-based vesting
• Year 3 onwards: 50% time-based and 50% performance-based vesting

The maximum number of options granted to any employee in a financial year cannot exceed 1% of the issued equity share capital as on the grant date.

Exercise Price and Implementation

The exercise price will be set at the closing market price on the grant date, with the Nomination and Remuneration Committee having discretion to specify a lower price (ranging from 30% to 100% of fair market value), subject to compliance with applicable laws.

The scheme will be implemented directly by the company and administered by the Nomination and Remuneration Committee, involving new share issuance rather than secondary acquisition through a trust structure.

Regulatory Compliance

The amendment complies with Section 62(1)(b) of the Companies Act, 2013, and SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company will follow prescribed accounting policies under Regulation 15 and relevant accounting standards issued by regulatory authorities.

Shareholders can access the complete notice and voting instructions on the company's website at www.npstx.com , as well as on NSE and BSE websites.