Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 29

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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,000
or $2,111,561 at June 30, 2025. NetSol PK used Rs. 500,000,000 or $1,770,413 at September 30, 2025 and Rs. 500,000,000 or $1,759,634
at June 30, 2025. The interest rate for the loan was 8.0% at September 30, 2025 and June 30, 2025.

(5)The Company’s
subsidiary, NetSol PK, has a running finance facility with Askari Bank Limited, secured by NetSol PK’s assets. The total facility
amount is Rs. 4,050,937 or $14,344 and Rs. 4,050,937 or $14,256, at September 30, 2025 and June 30, 2025, respectively. The balance outstanding
at September 30, 2025 and June 30, 2025 was Rs. Nil. The interest rate for the loan was 13.1% at September 30, 2025 and 13.2% at June
30, 2025.

(6)The Company’s
subsidiary, NetSol PK, has an export refinance facility with Bank Al-Habib Limited, secured by NetSol PK’s assets. This is a revolving
loan that matures every six months. The total facility amount is Rs. 400,000,000 or $1,416,331 at September 30, 2025. NetSol PK has not
used this facility at September 30, 2025. The interest rate for the loan was 8.0% at September 30, 2025.

This facility requires
                                                                                                                                                             NetSol PK to maintain a long-term debt equity ratio of 60:40 and a current ratio of 1:1. As of September 30, 2025, NetSol PK was in
                                                                                                                                                             compliance with this covenant.

(7)The Company’s
subsidiary, NetSol PK, has an export refinance facility with Samba Bank Limited, secured by NetSol PK’s assets. This is a revolving
loan that matures every six months. The total facility amount is Rs. 380,000,000 or $1,345,514 and Rs. 380,000,000 or $1,337,322 at September
30, 2025 and