Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 38

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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2024, respectively. The interest rate for the loan was 10.0% and 17.5% at March 31, 2025 and June 30, 2024,
respectively.

During the tenure of the
                                                                                                                                                             loan, the facilities from Samba Bank Limited require NetSol PK to maintain at a minimum a current ratio of 1:1, an interest coverage
                                                                                                                                                             ratio of 4 times, a leverage ratio of 2 times, and a debt service coverage ratio of 4 times. As of March 31, 2025, NetSol PK was in
                                                                                                                                                             compliance with these covenants.

(7)The Company’s
subsidiary, NetSol PK, has an export refinance facility with Habib Metro Bank Limited, secured by NetSol PK’s assets. This is a
revolving loan that matures every nine months. The total facility amount is Rs. 1,300,000,000 or $4,649,333 and Rs. 900,000,000 or $3,233,804,
at March 31, 2025 and June 30, 2024, respectively. NetSol PK used Rs. 1,300,000,000 or $4,649,333 and Rs. 700,000,000 or $2,515,181,
at March 31, 2025 and June 30, 2024, respectively. The interest rate for the loan was 10.0% and 17.5% at March 31, 2025 and June 30,
2024, respectively.

(8)The Company’s
subsidiary, NetSol PK, availed sale and leaseback financing from First Habib Modaraba secured by the transfer of the vehicles’
title. As of March 31, 2025, NetSol PK used Rs. 5,307,080 or $18,980 which was shown as current. As of June 30, 2024, NetSol PK used
Rs. 15,819,683 or $56,842 of which $9,684 was shown as long term and $47,158 as current. The interest rate for the loan was from 22.7%
to 24.2% at March 31, 2025 and June 30, 2024.

(9)The Company’s
subsidiary, NetSol Beijing, had a one year, short-term