NPST Board Meeting Outcome: Financial Results, Dividend, and Auditor Re-appointments

A central item of discussion was the company's financial performance. The Board meticulously reviewed and subsequently approved the audited standalone financial statements for the quarter and financial year ended March 31, 2025. These financial documents, which have received an unqualified opinion in the accompanying Statutory Auditor’s Report for the fiscal year 2024-25, paint a detailed picture of NPST's operational and financial health. The company also confirmed the approval of its consolidated financial statements for the same periods, offering a comprehensive overview of the NPST group's performance, which were also accompanied by the Statutory Auditor's Report.

The standalone financial highlights for Network People Services Technologies Limited, providing insight into its performance, are presented below:

For the fiscal year 2024-25, NPST reported a robust Revenue from Operations of ₹17,312.17 lakhs. This figure, derived from the company's primary business activities, reflects strong market engagement and acceptance of its services throughout the year. The Net Profit for the full year stood at an impressive ₹4,520.21 lakhs, demonstrating the company's ability to manage its operational costs effectively and achieve significant bottom-line growth. This profitability translated into a Basic and Diluted Earnings Per Share (EPS) of ₹23.31 for the year, a key indicator for investors of the company's earning power per share. For the fourth quarter ended March 31, 2025, the company achieved Revenue from Operations of ₹2,630.08 lakhs and a Net Profit of ₹601.73 lakhs, with an EPS of ₹3.10, indicating a solid operational performance and a strong finish to the fiscal year.

In a move that will be welcomed by investors, the Board of Directors has recommended a final dividend of ₹2 per equity share for the financial year 2024-25. Each equity share has a face value of ₹10. This dividend proposal is a testament to NPST's healthy financial position and its ongoing commitment to returning value to its shareholders. The disbursement of this dividend is, however, subject to the requisite approval from the company's shareholders. This approval will be sought at the forthcoming Annual General Meeting (AGM), the details of which, including the date and venue, will be communicated to shareholders in due course. A positive dividend recommendation often signals management's confidence in the company's future earnings potential and financial stability.

Reinforcing its commitment to robust corporate governance and stringent regulatory compliance, the NPST board also approved the re-appointment of its key auditors for the financial year 2025-26. These appointments are crucial for maintaining transparency and accountability within the organization. The re-appointments are as follows:

• Internal Auditor: M/s RVA & Associates LLP, a respected firm of Chartered Accountants based in Mumbai, has been re-appointed as the Internal Auditor. Their role will be pivotal in independently evaluating and enhancing the effectiveness of NPST's internal control systems, risk management framework, and overall governance processes throughout the fiscal year 2025-26.
• Secretarial Auditor: Ms. Kala Agarwal, a Practicing Company Secretary, also based in Mumbai, has been re-appointed as the Secretarial Auditor for the financial year 2025-26. Ms. Agarwal will be responsible for conducting a thorough audit of NPST's adherence to various corporate laws, secretarial standards, and other regulatory stipulations, ensuring the company maintains high standards of compliance.

These re-appointments reflect the board's confidence in the capabilities of the chosen auditors and NPST's dedication to upholding exemplary standards of financial oversight and corporate conduct.

Recognizing the valuable contributions of its employees and aiming to foster a culture of ownership and motivation, the board sanctioned the allotment of equity shares under its employee benefit scheme. A total of 5,350 equity shares will be allotted to eligible employees as part of the “NPST Employee Stock Option Plan 2023.” This specific allotment represents the second tranche of share distribution under this particular ESOP scheme. Employee Stock Option Plans are widely regarded as an effective strategic tool for companies like NPST to attract, nurture, and retain high-caliber talent. By offering stock options, companies align employee incentives with the long-term growth and success of the organization, thereby encouraging them to contribute significantly to its performance and share in its prosperity.

In adherence to regulatory guidelines designed to prevent insider trading and ensure market fairness, NPST also reminded stakeholders about the ongoing closure of its trading window. The trading window for dealing in the company's securities by designated persons, which includes directors, key managerial personnel, and their immediate relatives, has been closed since April 1, 2025. This closure will remain in effect until 48 hours after the formal announcement and dissemination of these financial results to the stock exchanges and the public. This practice is a standard and mandatory measure under market regulations, aimed at ensuring that all investors have simultaneous access to price-sensitive information, thereby maintaining market integrity.

The comprehensive set of decisions taken during the May 27, 2025, board meeting underscores Network People Services Technologies Limited's continued focus on achieving sustainable financial growth, enhancing shareholder returns, upholding stringent standards of corporate governance, and investing in its human capital. The positive financial outcomes for the fiscal year 2024-25, coupled with the proposed dividend, signal a period of strong performance and a confident outlook for the company as it navigates the opportunities and challenges of the new fiscal year.