Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 30

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 June 30, 2025, respectively. The interest rate for the loan was 8.0% at September 30, 2025 and June 30, 2025.

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 September 30, 2025, NetSol PK was
                                                                                                                                                             in compliance with these covenants.

(8)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 $4,603,073 and Rs. 1,300,000,000 or
$4,575,048, at September 30, 2025 and June 30, 2025, respectively. NetSol PK used Rs. 1,300,000,000 or $4,603,073 and Rs. 1,300,000,000
or $4,575,048, at September 30, 2025 and June 30, 2025, respectively. The interest rate for the loan was 8.0% at September 30, 2025 and
June 30, 2025.

(9)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 September 30, 2025, NetSol PK used Rs. 57,587,011 or $203,906 of which $134,983 was shown as long term and $68,923 as current.
As of June 30, 2025, NetSol PK used Rs. 21,771,042 or $76,618 of which $46,958 was shown as long-term and $29,660 as current. The interest
rate for the loan was from 12.3% to 22.7% at September 30, 2025 and June 30, 2025.

(10)The Company leases
various fixed assets under finance