Netweb Technologies India Limited (NETWEB)
📢 Recent Corporate Announcements
Netweb Technologies has allotted 1,645 equity shares of face value Rs. 2 each pursuant to the exercise of employee stock options under its Netweb Employee Stock Option Plan 2023. The exercise was conducted at a price of Rs. 2 per share, realizing a total of Rs. 3,290. Following this allotment, the company's total issued share count increased slightly from 5,94,45,906 shares to 5,94,47,551 shares.
- Allotment of 1,645 equity shares of face value Rs. 2 each under ESOP 2023
- Options exercised at a strike price of Rs. 2 per share, raising Rs. 3,290
- Post-allotment share capital increased to Rs. 11,88,95,102 comprising 5,94,47,551 equity shares
- Total shares covered under the scheme stands at 25,46,199 equity shares
Netweb Technologies India Limited has announced the closure of its Register of Members and Share Transfer Books from September 12, 2026, to September 19, 2026. This book closure is scheduled for conducting the company's 27th Annual General Meeting (AGM). The AGM will take place virtually via Video Conferencing / Other Audio Visual Means on Saturday, September 19, 2026, at 3:00 PM IST. This is a routine administrative compliance filing with no impact on business operations or financials.
- Book closure period set from Saturday, September 12, 2026, to Saturday, September 19, 2026
- 27th Annual General Meeting scheduled for Saturday, September 19, 2026, at 3:00 PM IST
- Meeting to be conducted via Video Conferencing / Other Audio Visual Means under SEBI LODR Regulation 42
Netweb Technologies India Limited has intimated the stock exchanges regarding the physical dispatch of letters containing a weblink and QR code for its 27th Annual General Meeting (AGM) Notice and FY 2025-26 Annual Report. The dispatch was completed on August 28, 2026, pursuant to SEBI LODR Regulation 36(1)(b) for shareholders whose email addresses are not registered with depositories or RTAs. This is a purely procedural compliance announcement with no impact on business operations or financials.
- Dispatched letters on August 28, 2026, to shareholders without registered email IDs
- Notice pertains to the upcoming 27th Annual General Meeting of the company
- Contains access details via weblink and QR code for the FY 2025-26 Annual Report
- Complies with Regulation 36(1)(b) of SEBI Listing Regulations
Netweb Technologies has issued the notice for its 27th Annual General Meeting (AGM) scheduled for September 19, 2026, alongside its FY26 Annual Report. The remote e-voting window will be open from September 16 to September 18, 2026, with the record/cut-off date fixed as September 11, 2026. The annual report confirms FY26 revenue from operations at INR 21,835.6 mn (up 90.0% YoY) and profit after tax of INR 2,058.2 mn (up 80.9% YoY), supported by a 459.6% YoY expansion in its AI Systems segment.
- 27th AGM to be held on September 19, 2026 at 3:00 PM IST via Video Conferencing.
- Remote e-voting period open from September 16, 2026 (9:00 AM) to September 18, 2026 (5:00 PM).
- Cut-off date for determining voting rights is Friday, September 11, 2026.
- Annual report highlights FY26 revenue of INR 21,835.6 mn and AI Systems growth of 459.6% YoY.
Netweb Technologies has successfully completed its first equity fundraise post-listing, raising ₹1,200 crore via a Qualified Institutions Placement (QIP). The company allotted 2,505,219 equity shares (face value ₹2) at an issue price of ₹4,790.00 per share to marquee global and domestic institutional investors. The fundraise is substantial, amounting to ~166% of the company's existing net worth (₹723 Cr) and ~45% of TTM revenue (₹2,650 Cr). Net proceeds will be utilized to fund working capital requirements to support execution of its expanding order book and general corporate purposes.
- Successfully raised ₹1,200 crore through a Qualified Institutions Placement (QIP)
- Allotted 2,505,219 equity shares of face value ₹2 each at an issue price of ₹4,790.00 per share
- Proceeds equal ~166% of net worth (₹723 Cr) and ~3.9% of market cap (₹30,968 Cr)
- Attracted marquee institutional investors including Goldman Sachs AM, Nomura AM, Amundi AM, HDFC MF, and ICICI Prudential MF
- Funds allocated to meet working capital requirements for order book execution and general corporate purposes
Netweb Technologies has approved the allotment of 25,05,219 equity shares at an issue price of ₹4,790 per share via Qualified Institutional Placement (QIP), raising ₹1,200 crore. The issue price reflects a 1.96% discount (₹95.90 per share) to the floor price. The fundraise expands equity base by ~4.40% (equity shares increase from 5.69 crore to 5.94 crore), significantly strengthening the company's net worth base of ₹723 crore. Key institutional allottees include ICICI Prudential MF (16.67%), Nomura (13.10%), Goldman Sachs (11.21%), and Edelweiss MF (8.33%).
- Raised ₹1,200.00 crore through the allotment of 25,05,219 equity shares via QIP.
- Issue price fixed at ₹4,790.00 per share (including ₹4,788.00 premium), a 1.96% discount to floor price.
- Paid-up equity share capital increases from ₹11.39 crore (5,69,40,687 shares) to ₹11.89 crore (5,94,45,906 shares).
- Key allottees include ICICI Prudential MF (16.67%), Nomura (13.10%), Goldman Sachs (11.21%), and Think India Opportunities (8.33%).
Netweb Technologies India Limited has completed a Qualified Institutional Placement (QIP) raising ₹1,200.00 crore through the allotment of 25,05,219 equity shares at an issue price of ₹4,790.00 per share. The issue price reflects a modest 1.96% discount (₹95.90 per share) to the SEBI floor price. The fundraise adds significantly to the company's net worth (₹723 Cr as of latest reporting) and results in an equity dilution of approximately 4.21% of the expanded share base. Marquee institutional allottees include ICICI Prudential MF (16.67%), Nomura (13.10%), and Goldman Sachs (11.21%).
- Approved allotment of 25,05,219 equity shares at ₹4,790.00 per share, raising ₹1,200.00 crore
- Issue price set at a 1.96% discount (₹95.90/share) to the SEBI floor price
- Paid-up equity share capital increases from 5,69,40,687 to 5,94,45,906 shares (4.21% dilution)
- Key allottees include ICICI Prudential MF (16.67%), Nomura India (13.10%), and Goldman Sachs (11.21%)
Netweb Technologies closed its Qualified Institutional Placement (QIP) on August 20, 2026, approving the allocation of 25,05,219 equity shares. The issue price was fixed at ₹4,790.00 per share (a 1.96% discount to the SEBI floor price of ₹4,885.90), raising approximately ₹1,200 crore. This fundraise significantly bolsters the company's equity capital base relative to its current net worth of ₹723 crore, providing growth capital for its expanding AI and HPC pipeline.
- Approved allocation of 25,05,219 Equity Shares at an issue price of ₹4,790.00 per share (FV ₹2)
- Gross fundraise proceeds stand at approximately ₹1,200 crore
- Issue price determined at a 1.96% discount (₹95.90 per share) to the floor price of ₹4,885.90
- Issue closed on August 20, 2026 after opening on August 17, 2026
Netweb Technologies has approved the closure of its Qualified Institutions Placement (QIP) on August 20, 2026. The Fund Raising Committee approved the allocation of 25,05,219 equity shares at an issue price of ₹4,790.00 per share (including a premium of ₹4,788.00). This represents an issue size of ~₹1,200 crore, priced at a 1.96% discount (₹95.90 per share) to the SEBI floor price of ₹4,885.90. The fresh capital substantially strengthens the balance sheet, amounting to approximately 166% of existing net worth (₹723 crore).
- QIP closed successfully on August 20, 2026, following opening on August 17, 2026.
- Allocated 25,05,219 equity shares at an issue price of ₹4,790.00 per share.
- Total capital raised stands at ~₹1,200 crore (~3.9% of market capitalization).
- Issue price set at a narrow discount of 1.96% (₹95.90) to the SEBI floor price of ₹4,885.90 per share.
Netweb Technologies has officially opened its Qualified Institutions Placement (QIP) of equity shares (face value ₹2) on August 17, 2026. The Fund Raising Committee established a floor price of ₹4,885.90 per share, reflecting a ~6.1% discount to the current market price of ₹5,202. The company is authorized to offer a discount of up to 5% on the floor price as per SEBI ICDR regulations. The final issue price and total quantum raised will be determined in consultation with book running lead managers.
- QIP issue opened on August 17, 2026 following postal ballot approval on August 01, 2026
- Floor price fixed at ₹4,885.90 per equity share of face value ₹2
- Company authorized to offer a discount of up to 5% on the SEBI floor price
- Trading window closed for designated persons until 48 hours post issue price determination
Netweb Technologies India Limited has submitted its Unaudited Interim Condensed Financial Statements for the quarter ended June 30, 2026. The financial results along with the Auditor's Review Report were approved by the Board of Directors at its meeting held on August 17, 2026. The statements comply with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013. This represents a standard compliance filing for the company.
- Board approved unaudited interim condensed financial statements on August 17, 2026
- Pertains to the reporting period for the quarter ended June 30, 2026
- Accompanied by the Statutory Auditor's Review Report in accordance with Section 133 of Companies Act, 2013
Netweb Technologies has announced a series of in-person, one-to-one meetings with institutional investors and analysts in Hong Kong and Singapore from August 10 to August 12, 2026. These meetings come as the company maintains a high valuation (P/E 125.8) and strong growth momentum, with TTM revenue at Rs 2,131 Cr. The discussions will be limited to publicly available information. This international outreach suggests an effort to diversify the institutional shareholder base following a 106.9% price return over the last 12 months.
- One-to-one meetings scheduled in Hong Kong on August 10, 2026.
- Singapore meetings scheduled for two days on August 11 and August 12, 2026.
- Company is currently managing a strategic order book of Rs 2,184 Cr, which is ~102% of its TTM revenue.
- Promoter holding stands at 66.98% as of March 2026, leaving room for institutional expansion.
Shareholders of Netweb Technologies have overwhelmingly approved a special resolution to raise funds through the issuance of securities in one or more tranches. The resolution received 99.98% support, with 45.5 million total votes polled. While the specific amount to be raised was not disclosed in this voting result document, the approval provides the board with the mandate to proceed with capital infusion. This move aligns with the company's high-growth trajectory, having achieved TTM revenue of Rs 2,131 Cr and managing a strategic order book worth Rs 2,184 Cr.
- 99.98% of total votes (45,497,857) were cast in favor of the fundraise resolution.
- Promoter group cast 38,137,942 votes, representing 100% internal support for the proposal.
- Public institutional support was high at 99.91% with 7,103,373 votes in favor.
- The voting period concluded on August 01, 2026, following a notice issued on July 01, 2026.
- Total number of shareholders as on the June 30, 2026 cut-off date was 2,469,432.
Shareholders of Netweb Technologies have overwhelmingly approved a special resolution to raise funds through the issuance of securities. The resolution received 99.98% of the total votes in favor, with nearly 100% support from the promoter group and 99.91% from public institutions. While the specific fundraise amount was not disclosed in this voting report, the approval provides the board with the mandate to proceed with capital infusion to support its growth strategy. This move is critical as the company targets 35-40% growth and manages a large order book of approximately ₹2,184 Cr.
- 99.98% of the 4,55,06,847 total votes cast were in favor of the fundraise resolution
- Promoter group cast 3,81,37,942 votes with 100% support for the resolution
- Public Institutions polled 71,09,954 votes with 99.91% voting in favor
- The voting process concluded on August 01, 2026, following a 30-day e-voting period
- Total valid votes polled represented 79.92% of the company's outstanding shares
Netweb Technologies reported a record Q1 FY27 with revenue of ₹819.7 Cr (up 172.1% YoY) and PAT of ₹85.3 Cr (up 179.9% YoY). The AI infrastructure segment has become the dominant driver, growing 484% YoY and contributing 62% of total revenue. The company maintains a strong order book of ₹2,506.9 Cr and an L1 position of ₹848 Cr, totaling approximately 1.57x TTM revenue. Management also disclosed a massive ₹10,410 Cr pipeline, reflecting significant demand from the India AI Mission and sovereign compute needs.
- Q1 FY27 Revenue grew 172.1% YoY to ₹819.7 Cr, the highest ever quarterly performance
- AI segment revenue reached ₹510.57 Cr, representing 62% of total revenue and growing 484% YoY
- Total Order Book plus L1 position stands at ₹3,354.9 Cr as of June 30, 2026
- Management identified a massive business pipeline of ₹10,410 Cr with a 60% expected conversion rate
- Inventory days increased to 110 days from 86 days to secure critical AI compute components amidst global demand
Financial Performance
Revenue Growth by Segment
The AI segment demonstrated explosive growth of 160% YoY in H1 FY26, increasing its revenue contribution from 14.7% to 25.4%. Regular business revenue is guided to grow at 35-40% annually. Total revenue from operations in FY25 was INR 11,490.21 million, a 58.7% increase from INR 7,240.75 million in FY24.
Profitability Margins
Gross margin stood at 23.19% in FY25, down from 24.8% in FY24 due to changes in product mix and procurement volumes. Net profit margin was 9.9% in FY25 compared to 10.48% in FY24. H1 FY26 PAT margin improved slightly to 10.2% with a PAT of INR 619 million, up 49.5% YoY.
EBITDA Margin
EBITDA margin was 14.7% in FY25 (INR 1,694.01 million) and improved to 14.9% in H1 FY26 (INR 903.2 million). Management guides for a sustainable EBITDA margin of 13-14% as the company transitions to large-scale strategic orders, which may have slightly lower margins but offer higher scalability.
Capital Expenditure
The company utilized IPO proceeds to fund a new manufacturing facility for server motherboards and printed circuit boards (PCBs). Total equity grew by 25.4% in FY25, supported by a net cash surplus of INR 1,621.3 million, which provides a buffer for future capex without debt dependency.
Credit Rating & Borrowing
CRISIL Ratings assigned a 'Stable' outlook with an interest coverage ratio exceeding 16.5 times in FY24. Total borrowings were reduced to INR 79.49 million in FY25 from INR 95.73 million in FY24, leading to a 34.1% decline in finance costs.
Operational Drivers
Raw Materials
Key raw materials include server motherboards, printed circuit boards (PCBs), and high-end semiconductor components (CPUs/GPUs) sourced from technology partners. These components are critical for building HPC and AI infrastructure.
Import Sources
Not specifically disclosed, but the company relies on global technology leaders like Intel, AMD, and NVIDIA for core compute components.
Key Suppliers
Strategic collaborations are maintained with Intel, AMD, and NVIDIA for the supply of advanced processors and GPUs used in supercomputing and AI systems.
Capacity Expansion
Netweb has established a new facility for the in-house manufacturing of server motherboards and PCBs to enhance vertical integration and reduce dependency on external suppliers. Current unit capacity is not disclosed.
Raw Material Costs
Cost of materials consumed is the primary expense, driving a gross margin of 23.19% in FY25. Inventory levels increased by 94.35% in FY25 to INR values to support the scale-up in business operations and procurement for large orders.
Manufacturing Efficiency
Asset turnover ratio improved significantly to 22.67 times in FY25 from 16.18 times in FY24, reflecting highly efficient utilization of assets to generate increased revenue.
Strategic Growth
Expected Growth Rate
35-40%
Growth Strategy
Growth will be driven by the execution of two large strategic orders worth approximately INR 21,840 million (INR 2,184 Cr), with 1/3rd expected to be executed in FY26. The company is also capitalizing on the 160% YoY growth in the AI segment and its 'Make in India' compliant manufacturing of motherboards and PCBs.
Products & Services
High-Performance Computing (HPC) systems, Private Cloud infrastructure, AI infrastructure, server motherboards, and printed circuit boards (PCBs).
Brand Portfolio
Netweb, Skylus.ai.
New Products/Services
Skylus.ai was launched to revolutionize the AI space and create market traction. The company is also scaling its new motherboard and PCB manufacturing line.
Market Expansion
Targeting the 'AI factory' vision for India by providing sovereign compute capabilities for sensitive sectors like Defence, Telecom, and BFSI.
Market Share & Ranking
Netweb is a prominent player in the Indian HPC and private cloud space, with projects ranked among the Top 500 supercomputers globally.
Strategic Alliances
Intel, AMD, and NVIDIA are key strategic partners for technology updates and component sourcing.
External Factors
Industry Trends
The industry is shifting toward AI-driven infrastructure and sovereign compute. Netweb is positioned as a leader in this shift, with AI revenue contribution rising to 25.4% of the total in H1 FY26.
Competitive Landscape
Netweb operates in a niche high-end compute market, competing on the basis of indigenous manufacturing and specialized HPC/AI project execution.
Competitive Moat
The moat is built on indigenous design capabilities and strategic partnerships with NVIDIA/Intel. This is sustainable because it allows Netweb to meet strict local manufacturing requirements for government contracts that global competitors cannot easily fulfill.
Macro Economic Sensitivity
Highly sensitive to government 'Make in India' policies and national AI initiatives. The AI segment's 160% growth reflects strong sensitivity to the increasing demand for sovereign data processing.
Consumer Behavior
Customers typically follow 3 to 5-year technology replacement cycles, with 70% of the base currently on 3-year cycles.
Geopolitical Risks
Strict import/export laws and data residency requirements in sensitive sectors like Defence and BFSI could impact the procurement of global components or the eligibility for government tenders.
Regulatory & Governance
Industry Regulations
Operations are subject to strict data residency, cybersecurity, and import/export laws, particularly for clients in the Defence, Telecom, and BFSI sectors.
Environmental Compliance
The company complies with ISO standards for environmental management; specific compliance costs are not disclosed.
Risk Analysis
Key Uncertainties
The primary uncertainty is the timely execution of the INR 2,184 Cr strategic order book and the rapid 12-18 month technology obsolescence cycle in the AI industry.
Third Party Dependencies
High dependency on NVIDIA, Intel, and AMD for the supply of critical high-end processors and GPUs.
Technology Obsolescence Risk
Technology cycles are short (12-18 months); Netweb mitigates this through R&D and strategic collaborations to ensure its AI infrastructure remains state-of-the-art.
Credit & Counterparty Risk
Receivable days improved to 117 in September 2025, but the company remains exposed to payment delays from large-scale projects, mitigated by a robust collection system.
