Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1115

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 5
Chunk 1115
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 2025, the Company acquired the remaining 177,558 minority shares from the OTOZ® non-controlling
shareholders for $8,878. As a result, the Company’s ownership interest increased, reducing the non-controlling interest from 5.59%
to 0.0%. The effective non-controlling interest in Otoz® Thai decreased to 0.01%. OTOZ® was merged into NTA during
the year ended June 30, 2025.

The
following schedule discloses the effect on the Company’s equity due to the changes in the Company’s ownership interest.

 SCHEDULE OF CHANGE IN OWNERSHIP INTEREST

    2025  
    2024 

    For
    the Years 

    Ended
    June 30, 

    2025  
    2024 

    Net
    income (loss) attributable to NetSol 
    $2,923,233  
    $683,873 
  
    Transfer
    to (from) non-controlling interest 

    Decrease
    in paid-in capital for purchase of 177,558 shares of OTOZ Inc common stock 
     (103,132) 
     - 
  
    Increase
    in paid-in capital for purchase of 2,690,251 shares of common stock of NetSol PK from Open Market 
     29,135  
     - 
  
    Net
    transfer to (from) non-controlling interest 
     (73,997) 
     - 
  
    Change from net income (loss) attributable to NetSol  and transfer (to) from non-controlling interest 
    $2,849,236  
    $683,873 

F-42