NPST Board Approves Audited Financials, Declares ₹2 Final Dividend; Reappoints Internal Auditor
Network People Services Technologies Limited's Board approved audited standalone and consolidated financial results for FY26. A final dividend of ₹2 per equity share was recommended. Mr. Abhishek Mishra resigned as Independent Director, and Mr. Vijay Kumar Singh was appointed as Additional Director (Independent). The company also approved the allotment of 12,850 equity shares.
The financial results and dividend declaration are material information for investors. Changes in directorship can also impact corporate governance and strategy.
The approval of audited financial results, recommendation of a final dividend, and appointment of new directors are positive developments for the company.
Network People Services Technologies Limited (NPST) announced the outcome of its Board Meeting held on May 28, 2026. The Board considered and approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, along with the audit reports, which received unmodified opinions.
The company also re-appointed M/s RVA & Associates LLP as its Internal Auditor for the financial year 2026-27. A final dividend of ₹2 per equity share of face value ₹10 each for the financial year ended March 31, 2026, was recommended, subject to shareholder approval at the upcoming Annual General Meeting.
In terms of key personnel changes, the Board took note of the resignation of Mr. Abhishek Mishra from the position of Independent Director, effective April 1, 2026. Subsequently, Mr. Vijay Kumar Singh was appointed as an Additional Director (Independent) of the Company, and a Postal Ballot Notice was approved to seek shareholder approval for this appointment.
The Board also approved the allotment of 12,850 equity shares pursuant to the exercise of stock options under the “NPST Employee Stock Option Plan 2023” for the fourth tranche ending March 31, 2026. Additionally, the Annual Secretarial Compliance Report for the financial year ended March 31, 2026, was noted, and the Amended Nomination and Remuneration Policy was approved. The committees of the Board, including the Audit Committee, Nomination and Remuneration Committee, Stakeholders’ Relationship Committee, and Corporate Social Responsibility Committee, were reconstituted.
The Board Meeting commenced at 02:30 P.M. and concluded at 03:45 P.M.
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Network People Services Technologies Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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