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The financial results of the Company have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards notified under Section 133 of the Companies Act read with Companies (Indian Accounting Standards) Rules, 2015 (as amended) and is in compliance with presentation and disclosure requirement of regulation 33 of SEBI LODR (Listing Obligation and Disclosure Requirements) regulation 2015 (as amended). The financial results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their meetings held on October 19, 2024. The statutory auditor of the company have expressed unmodified opinion on these financial results. <BR> 2. The Company has one subsidiary by the name of Netweb Foundation which is not-for-profit company licensed under section 8 of the Companies Act, 2013 vide CIN U80902HR2022NPL103903. The profits of Section 8 Companies are not available for distribution as dividends to the shareholders, so the requirement of consolidation of financials don’t arise. <BR> 3. The figures for the quarter ended March 31, 2024 are the balancing figures between the audited figures in respect of the full financial year ended on that date and published year to date figures upto the third quarter of the said financial year. <BR> 4. According to Indian Accounting Standards (Ind-AS) 108 on “Operating Segment” the Company has only one business segment i.e. “Computer servers”. <BR> 5. The Company has granted 9,05,472 ESOPs to the employees and Key managerial personnel of the Company on January 21, 2023 after taking necessary approvals as disclosed in the Prospectus filed with SEBI. The ESOPs will vest over 1-3 years. Accordingly, the Company has recorded a cost of Rs. 32.13 million for the quarter ended September 30, 2024. <BR> 6. The proceeds from IPO were 1940.24 millions (net of issue related expenses including GST). <BR> Details of utilisation of IPO Proceeds is as under: (In millions) <BR> Particulars Object of the issue as per prospectus Utilised upto 30-09-2024 Unutilised amount as on 30-09-2024 <BR> Funding Capital Expenditure requirements - Civil construction of the building for the SMT line and interior development 90.00 38.14 51.86 <BR> Funding Capital Expenditure requirements - Purchase of equipment/machineries for new SMT production line 232.86 87.85 145.01 <BR> Funding long term working capital requirements 1,280.22 1260.41 19.81 <BR> Repayment or pre-payment, in full or in part, of certain of outstanding 225.00 225.00 0.00 <BR> General Corporate Purposes (GCP) 112.16 112.16 0.00 <BR> 7. The new manufacturing unit (Surface Mounted Technology Line) of the Company situated at Plot No 862, Sector 69, IMT Faridabad, Haryana, has commenced commercial production with effect from May 10, 2024. <BR> 2024-04-012025-03-31AuditedStandalone11490210000939000001158411000091178400000-2924400006212700004090000011343000044343000010044430000153968000001539680000402050000-7120000394930000011447500000000114475000014000011448900001133100002519001000020.2520.240020.2520.24Rent Expenses610000Rates & Taxes630000Travelling and Conveyance expenses14730000Postage & Courier expenses10740000Packing & Forwarding Expenses400000Utility Expenses4600000Office expenses7950000Legal and professional expenses33510000Technical Support Charges17950000Other Misc Expenses58580000Rent Expenses4870000Rates & Taxes2170000Travelling and Conveyance expenses54340000Postage & Courier expenses33590000Packing & Forwarding Expenses1610000Utility Expenses21620000Office expenses27950000Legal and professional expenses90510000Technical Support Charges48900000Other Misc Expenses15787000041516000055950000014960000151200000042410000424100001623000011996000067979000022283300000361531000017008300009448000004529000054559100005695700008253810000008933600000113310000519001000053033200005303320000102500004680000057050000339000003010000939600002470000377000029755200002979290000250670000323243000028215000046400001710000003536320000003630280000893360000034090000-1081760000-17806700000-29657000000-19240000017244100000-245900000113430000089600000723600000-95100000667000005175000000-6030000210000000-12779700002617100000003938200000-132110000000000002567000025475000000000000000000000012548000001219500000111590000000580000000000357000020660000112740000400600000-3260000-17971000080408000008040800008967500001700830000Re-measurement gains / (losses) on defined benefit plans-730000Income Tax relating to Items that will not be reclassified to Profit or Loss180000-550000Re-measurement gains / (losses) on defined benefit plans190000Income Tax relating to Items that will not be reclassified to Profit or Loss-500001400000000-550000140000Netweb Technologies India Limited******Sanjay Lodha******Managing DirectorRemuneration50000000Within the omnibus approval limit2379000000Netweb Technologies India Limited******Navin Lodha******Whole Time DirectorRemuneration40000000Within the omnibus approval limit1748000000Netweb Technologies India Limited******Niraj Lodha******Whole Time DirectorRemuneration40000000Within the omnibus approval limit1748000000Netweb Technologies India Limited******Vivek Lodha******Whole Time DirectorRemuneration40000000Within the omnibus approval limit1748000000Netweb Technologies India Limited******Prawal Jain******Chief Financial Officer (Resigned)Remuneration24000000Within the omnibus approval limit738000000Netweb Technologies India Limited******Lohit Chhabra******Company Secretary & Compliance OfficerAny other transactionRemuneration and Share based payment benefits5000000Within the omnibus approval limit398000000Netweb Technologies India Limited******Mrutyunjay Mahapatra******Independent DirectorAny other transactionSitting Fees1500000Within the omnibus approval limit120000000Netweb Technologies India Limited******Vikas Modi******Independent DirectorAny other transactionSitting Fees1500000Within the omnibus approval limit150000000Netweb Technologies India Limited******Romi Jatta******Independent DirectorAny other transactionSitting Fees1500000Within the omnibus approval limit113000000Netweb Technologies India Limited******Jasjeet Singh Bagla******Independent DirectorAny other transactionSitting Fees1500000Within the omnibus approval limit110000000Netweb Technologies India Limited******Ankit Kumar Singhal******Ankit Kumar Singhal ( Appointed w.e.f 15.11.2024)Remuneration2250000Within the omnibus approval limit16400000094160000AuditedtrueS.S Kothari Mehta & Co LLPtrue2025-08-31Public Issues2023-07-2163100000002025-03-31trueCRISILfalseAnkit Kumar SinghalChief Financial OfficerFaridabad2025-05-03Funding Capital Expenditure requirements - Civil construction of the building for the SMT line and interior developmentNo Change900000000731200000The Unutilized amount of Rs 113.14 million under object 1 Funding our Capital Expenditure requirements Category has been transferred to General Corporate Purpose vide board resolution dated March 24, 2025. This utilization towards GCP is in line with the disclosure provided in the offer document dated July 21, 2023 which states If the actual utilisation towards any of the Objects is lower than the proposed deployment such balance will be used towards general corporate purposes, provided that the total amount to be utilised towards general corporate purposes will not exceed 25% of the Gross Proceeds in accordance with Regulation 7(2) of the SEBI ICDR Regulations. <br></br> <br></br> During the quarter ended March 31, 2025, the Company made a reimbursement of Rs. 4.93 million from the Monitoring account of the company, which is related to Object 1a i.e. Funding capital expenditure requirements - Civil construction of the building for the SMT line and interior development as the payment was initially processed through the Company's bank account (Indian Bank account). <br></br> Note 2: The Company has taken transferred Rs 0.65 crore from the current account of the company to the Monitoring Account of the company, on account of input tax credit that were paid from the net proceeds in the previous quarters which is towards object 1 Funding Capital Expenditure requirements. The reimbursements made are in line with the offer document which states that full amount to be paid from Net proceeds (inclusive of GST & Cess) for those invoices where input credit is not available. <br></br> ^Payment of Rs 0.44 million was made in the previous quarter towards object-1, Funding Capital Expenditure requirements (ii) Purchase of equipment /machinery for new SMT Line which was inadvertently classified under Object-1Funding Capital Expenditure requirements (i) Civil construction of the building for the SMT Line and interior development. Corrective intra-category adjustments have been made in the quarter ending March 31, 2025.Funding Capital Expenditure requirements - Purchase of equipment/machineries for new SMT production lineNo Change23286000001366000000Funding long-term working capital requirementsNo Change1280220000012802200000Repayment or pre-payment, in full or in part, of certain of outstanding borrowingsNo Change22500000002250000000General Corporate PurposesNo Change22530000002253000000