NSEMonitoring Agency Report27 Oct 2026 · 27 Oct 2026, 05:21 pm
Monitoring Agency Report
Netweb Technologies India Limited · NETWEB
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Netweb Technologies India Limited has submitted a monitoring agency report for the quarter ended September 30, 2026, as per SEBI regulations, detailing the utilization of proceeds from its qualified institutional placement (QIP). The report, issued by Crisil Ratings Limited, Monitoring Agency, confirms that the company has utilized the proceeds in line with the objects of the issue.
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Monitoring Agency report for the quarter ended 30th September 2026
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NETWEB1234_27102026172057_MA_REPORT_QIP_30092026.pdf
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CIN : L72100HR1999PLC103911
Date: 27.10.2026
To, To,
The Manager The Manager
Listing Department Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Dalal Street Exchange Plaza, Bandra Kurla Complex
Mumbai- 400001 Bandra East, Mumbai- 400051
Scrip Code: 543945 Scrip Code: NETWEB
SUBJECT: MONITORING AGENCY REPORT FOR THE QUARTER ENDED ON SEPTEMBER
30, 2026
Dear Sir/Madam,
Pursuant to Regulation 173A of the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) Regulations, 2018 and Regulation 32 of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find
enclosed herewith the monitoring agency report issued by CRISIL Ratings Limited, Monitoring
Agency, in respect of utilization of proceeds raised through qualified institutions placement by the
Company for the quarter ended September 30, 2026 duly reviewed by the Audit Committee and
Board of Directors.
Kindly take the same on record.
Thanking You,
Yours faithfully
For Netweb Technologies India Limited
Lohit Chhabra
Company Secretary & Compliance Officer
Netweb Technologies India Limited
Plot No. H-1, Block-H, Pocket No. 9, Faridabad Industrial Town, Sector-57, Faridabad, Haryana
121004
Tel. No. : +91-129-2310400
Website : www.netwebindia.com ; E-mail : complianceofficer@netwebindia.com
Monitoring Agency Report
Netweb Technologies India Limited
for the quarter ended
September 30, 2026
CRL/MAR/NEETHL/2026-27/2106
October 26, 2026
Netweb Technologies India Limited
Plot No H-1, Pocket 9,
Faridabad Industrial Town (FIT),
Sector-57, Ballabhgarh,
Faridabad, Haryana - 121004
Dear Sir,
Monitoring Agency Report for the quarter ended September 30, 2026 - in relation to the Qualified Institutional
Placement(“QIP”) of Netweb Technologies India Limited (“the Company”)
Pursuant to Regulation 173 A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR
Regulations”) and Monitoring Agency Agreement dated August 17, 2026, enclosed herewith the Monitoring Agency
Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI ICDR Regulations towards
utilization of proceeds of QIP for the quarter ended September 30, 2026.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Crisil Ratings Limited
Shounak Chakravarty
Director, Ratings (LCG)
Report of the Monitoring Agency (MA)
Name of the issuer: Netweb Technologies India Limited
For quarter ended: September 30, 2026
Name of the Monitoring Agency: Crisil Ratings Limited
(a) Deviation from the objects: Not applicable
(b) Range of Deviation: Not applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based
on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA
does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This
Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or
damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in
any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as
creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its
affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may
receive separate compensation for its ratings and certain credit-related analyses. We confirm that we do not perceive any conflict of
interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There
are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s
Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before
dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no
responsibility for such comments of the issuer’s Management/Board.
Signature:
Name and designation of the Authorized Signatory: Shounak Chakravarty
Designation of Authorized person/Signing Authority: Director, Ratings (LCG)
1) Issuer Details:
Name of the issuer: Netweb Technologies India Limited
Names of the promoter: a. Sanjay Lodha
b. Navin Lodha
c. Niraj Lodha
d. Vivek Lodha
Industry/sector to which it belongs: IT Enabled Services
2) Issue Details
Issue Period: Wednesday, August 19, 2026, to Thursday, August 20, 2026
Type of issue (public/rights): Qualified Institutional Placement (QIP)
Type of specified securities: Equity Shares
IPO Grading, if any: NA
Issue size: Rs 12,000.00 million
Crisil Ratings shall be monitoring the Gross proceeds amount.
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information/ Comments of Comments
certifications considered the of the
Particulars Reply
by Monitoring Agency Monitoring Board of
for preparation of report Agency Directors
Utilization is
Management towards the
undertaking, Statutory object of the
Auditor Certificate^, issue i.e.
Whether all utilization is as per the Placement document working No
disclosures in the Offer Document? dated August 20, capital as Comments
2026 (hereinafter referred disclosed in
as “Offer document”), the offer
Bank Statements document and
issue expense
Whether shareholder approval has been
obtained in case of material deviations No
NA No Comments
from expenditures disclosed in the Offer Comments
Document?
Source of information/ Comments of Comments
certifications considered the of the
Particulars Reply
by Monitoring Agency Monitoring Board of
for preparation of report Agency Directors
Whether the means of finance for the
disclosed objects of the issue has No No Comments
Comments
changed?
Is there any major deviation observed
over the earlier monitoring agency No No Comments
Comments
reports?
Whether all Government/statutory
approvals related to the object(s) have NA No Comments
Management Comments
been obtained?
undertaking,
Whether all arrangements pertaining to Statutory Auditor
technical assistance/collaboration are in NA Certificate^ No Comments
Comments
operation?
Are there any favorable events
improving the viability of these No No Comments
Comments
object(s)?
Are there any unfavorable events No
No No Comments
affecting the viability of the object(s)? Comments
Is there any other relevant information
that may materially affect the decision No No Comments
Comments
making of the investors?
NA represents Not Applicable
^Certificate dated October 22, 2026, issued by M/s S S Kothari Mehta & Company, Chartered Accountants (Firm Registration
Number: 000756N/ N500441), Statutory Auditors of the Company.
4) Details of object(s) to be monitored:
i. Cost of the object(s):
Source of Original Comments of the Board of Directors
information/ cost
Revised Particulars
certification (as per the Commen
Sr. Cost Reason of Proposed of firm
Item considered by Offer t of the
No. (Rs in Cost financing arrange-
Head MA for Document) MA
million) revision option ments
preparation of (Rs in
made
report million)
Funding working Management
1 capital requirements undertaking, 9,705.01 NA NA NA NA
Revision
of the Company Statutory
Auditor
Certificate^,
General Corporate Offer No
2 1,995.02 NA NA NA NA
Purpo
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