Please find attached the Monitoring agency report for the quarter ended on March 31, 2026

ISIN: INE0FFK01017 Date: 11.08.2026 The National Stock Exchange of India BSE Limited Limited, Exchange Plaza, NSE Building, Corporate Relationship Department Bandra Kurla Complex, Bandra East, Phiroze Jeejeebhoy Towers, Mumbai-400 0513 Fax: 022-26598237, Dalal Street, Mumbai – 400 001 022-26598238 Scrip Code: 544396 SYMBOL: NPST Subject: Regulation 32(6) – Report of Monitoring Agency on the use of proceeds raised through Preferential Allotment for the quarter ended on June 30, 2026 Respected Sir/Madam, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 173A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith the Monitoring Agency Report dated August 11, 2026 issued by Care Ratings Limited, in respect of use of proceeds raised through the issue of equity shares by way of Preferential Allotment, for the quarter ended on June 30, 2026, which was placed before the Audit Committee at its Meeting held on today i.e. August 11, 2026. Kindly take the aforesaid on your records. For Network People Services Technologies Limited Chetna Chawla Company Secretary and Compliance Officer Membership No: A64291 Monitoring Agency Report No. CARE/PRO/GEN/2026-27/1058 The Board of Directors Network People Services Technologies Limited OFF NO. 427/428/429, A-Wing, NSIL, Lodha Supremus II, Near New Passport Office, Road No. 22, Wagle Industrial Estate, Thane (W), Thane, Maharashtra, 400604 August 11, 2026 Dear Sir/Ma’am, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue of Network People Services Technologies Limited (“the Company”) We write in our capacity of Monitoring Agency for the Preferential Issue of Equity Shares for the amount aggregating to Rs.300.00 crore of the Company and refer to our duties cast under Regulation 162A of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated August 28, 2025. Request you to kindly take the same on records. Thanking you, Yours faithfully, Ashish Kashalkar Associate Director Ashish.Kashalkar@careedge.in Report of the Monitoring Agency Name of the issuer: Network People Services Technologies Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: CARE Ratings Limited (a) Deviation from the objects: No deviation (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 there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. 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: Ashish Kashalkar Designation of Authorized person/Signing Authority: Associate Director 1) Issuer Details: Name of the issuer : Network People Services Technologies Limited Name of the promoter : Ashish Aggarwal, Deepak Chand Thakur and Savita Vashist Industry/sector to which it belongs : IT Services - IT enabled services 2) Issue Details Issue Period : Not applicable Type of issue (public/rights) : Preferential Issue (PI) Type of specified securities : Equity shares IPO Grading, if any : Not Applicable Issue size (in `crore) : Rs.300.00 crore 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments of the certifications considered by Comments of the Particulars Reply Board of Monitoring Agency for Monitoring Agency Directors preparation of report • During Q1FY27, the company has utilized the proceeds in form of reimbursement towards the expenses incurred from current account. EOGM Resolution, Chartered • The classification of utilization under Accountant (CA) Certificate*, Object 1 and Object 2, relating to Whether all utilization is as per the disclosures in the Board Resolution, Bank Yes investment in the company’s wholly No Comments Offer Document? statements, Invoices, CFO owned subsidiary and salary payments, is Undertaking and Management based on a CFO undertaking establishing certificate the linkage of such expenditures with the stated objects of the issue (Details of the same are provided in Table 4(ii) – Progress in the Objects). Source of information / Comments of the certifications considered by Comments of the Particulars Reply Board of Monitoring Agency for Monitoring Agency Directors preparation of report • The company transferred unutilized funds from escrow account to various current accounts prior to the creation of FDs. These accounts had numerous other business transactions, resulting in commingling of funds. Whether shareholder approval has been obtained in EOGM Resolution, CA Certificate* case of material deviations# from expenditures Not Applicable Not Applicable No Comments and Management certificate disclosed in the Offer Document? Whether the means of finance for the disclosed EOGM Resolution, CA Certificate* No Not Applicable No Comments objects of the issue have changed? and Management certificate Is there any major deviation observed over the earlier Previous monitoring agency No major deviations observed from previous Yes No Comments monitoring agency reports? report report dated May 14, 2026. Whether all Government/statutory approvals related EOGM Resolution, CA Certificate* Not Applicable Not Applicable No Comments to the object(s) have been obtained? and Management certificate Whether all arrangements pertaining to technical CA Certificate* and Management Not Applicable Not Applicable No Comments assistance/collaboration are in operation? certificate Are there any favorable/unfavorable events affecting CA Certificate* and Management No Nil No Comments the viability of these object(s)? certificate Is there any other relevant information that may CA Certificate* and Management No Nil No Comments materially affect the decision making of the investors? certificate *The above details are verified [Showing first 8,000 characters — download PDF for full document]