Date: November 15, 2026

Investment / Strategic Actions

Network People Services Technologies Limited (NPST) is making an investment of USD 1,000,000 (US Dollars One Million) in its wholly owned subsidiary, NPST Global Solutions LLC (NGS). The investment will be made by way of subscription to 10,000 Optionally Convertible Debentures (OCDs) of USD 100 each.

Target Company Details:

  • Name: NPST Global Solutions LLC (NGS)
  • Business: Computers & Peripheral Equipment Trading and Computer Systems & Communication Equipment Software Design
  • Incorporation Date: April 24, 2025
  • Country of Presence: United Arab Emirates (UAE)
  • Turnover: Not applicable (newly incorporated company)

Investment Terms:

  • Instrument: Optionally Convertible Debentures (OCDs)
  • Total Amount: USD 1,000,000
  • Number of OCDs: 10,000
  • Face Value per OCD: USD 100
  • Coupon Rate: 4% per annum
  • Interest Accrual: Annually
  • Tenure: 3 years
  • Extension Option: Extendable by up to 2 additional years by mutual consent of the parties
  • Consideration: Cash

Strategic Rationale and Impact:

  • The investment is being made to augment the capital base and support the business operations of NGS in the UAE.
  • There will be no change in the percentage of shareholding of NPST in NGS. NPST will continue to hold 100% ownership, maintaining NGS as a wholly owned subsidiary.

Regulatory and Compliance Aspects:

  • The transaction qualifies as a related party transaction since NGS is a wholly owned subsidiary, but it is being conducted at arm's length.
  • The investment is being made under the Automatic (Direct) Route of the Foreign Exchange Management (Overseas Investment) Rules, 2022.
  • No prior approval from the Reserve Bank of India (RBI) is required.
  • The company shall comply with applicable post-facto reporting requirements, including filing Form FC with its Authorized Dealer Bank.

Governance:

  • The investment was approved by the Board of Directors of NPST in a meeting held on November 11, 2026.
  • This communication serves as a submission of the required annexure that was inadvertently omitted from the original intimation dated November 11, 2026.

Company Contact:

  • Chetna Chawla, Company Secretary and Compliance Officer (Membership No: A64291)