Financial Analyst Summary: NPST Response to NSE Query

Company Response to NSE Query

Network People Services Technologies Limited (NPST) submitted a clarification letter to the National Stock Exchange of India Limited on September 3, 2026, addressing deficiencies observed in their financial results submission dated August 11, 2026. The exchange had identified two specific deficiencies:

1. Machine Readable Form/Legible copy of Financial Results was not submitted

2. Limited Review Report/Independent Auditor's Report was not in the format prescribed by SEBI - specifically, the consolidated report mentioned the period ended December 31, 2025 instead of the correct period

The company attributed these deficiencies to "inadvertent human error at the time of preparation and upload of the financial results filing."

Rectification Measures Taken

NPST rectified the errors and enclosed the following corrected documents with their response:

  • Machine Readable Form/legible copy of the Financial Results
  • Corrected Limited Review Report/Independent Auditor's Report on the Consolidated financial results with the correct period (quarter ended June 30, 2026) in SEBI-prescribed format

The company requested the exchange to take the rectified documents on record in supersession of the earlier erroneous submission and disseminate them accordingly.

Internal Process Improvements

NPST confirmed that they have reinforced adequate internal checks in their filing process to ensure proper review and validation of all documents (including format and period verification) prior to submission to prevent recurrence of such errors.

Financial Results Overview (Quarter Ended June 30, 2026)

Standalone Performance:

  • Revenue from operations: ₹4,989 lakhs
  • Other Income: ₹500 lakhs
  • Total Income: ₹5,489 lakhs
  • Total expenses: ₹4,092 lakhs
  • Profit before tax: ₹1,397 lakhs
  • Tax expense: ₹343 lakhs
  • Profit for the period: ₹1,054 lakhs
  • Basic EPS: ₹5.07 per share
  • Diluted EPS: ₹5.07 per share

Consolidated Performance:

  • Revenue from operations: ₹5,648 lakhs
  • Other Income: ₹494 lakhs
  • Total Income: ₹6,142 lakhs
  • Total expenses: ₹4,693 lakhs
  • Profit before tax: ₹1,449 lakhs
  • Tax expense: ₹344 lakhs
  • Profit for the period: ₹1,105 lakhs
  • Basic EPS: ₹5.26 per share
  • Diluted EPS: ₹5.26 per share

Subsidiary Information

The consolidated results include the following subsidiaries:

  • SSK Citizen Services Private Limited (99.80% holding)
  • Time Pay Digital Infotech Private Limited (85.00% holding)
  • NPST Global Solutions LLC (100.00% holding)

The auditor's report noted that they did not review the financial information of three subsidiaries whose financial information reflected total income of ₹659.03 lakhs and total net profit after tax of ₹48.96 lakhs for the quarter ended June 30, 2026.

Topic Tags: Regulatory Response, Financial Results Clarification, Compliance, SEBI Regulations, Filing Error Correction