Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 363

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1A
Chunk 363
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 567,819 
  
    NIAI 
     30.24% 
     (1,471)
  
    NetSol
    Thai 
     0.006% 
     (184)
  
    OTOZ
    Thai 
     0.01% 
     7 
  
    OTOZ 
     0.00% 
     - 
  
    Total 
        
    $4,425,365 

    SUBSIDIARY 
    Non-Controlling
    Interest %  
    Non-Controlling
    Interest at June 30, 2024 

    NetSol
    PK 
     32.38% 
    $4,679,101 
  
    NetSol
    Innovation 
     32.38% 
     137,232 
  
    NAMECET 
     32.38% 
     (21,014)
  
    NetSol
    Thai 
     0.006% 
     (163)
  
    OTOZ
    Thai 
     5.60% 
     (17,483)
  
    OTOZ 
     5.59% 
     (83,255)
  
    Total 
        
    $4,694,418 

    F-41

NETSOL
TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

During
the year ended June 30, 2025, NetSol PK, a majority owned subsidiary of the Company, repurchased 2,690,251 shares of its outstanding
common stock from the open market for $1,503,662. The repurchase did not result in a change of control and was therefore accounted for
as an equity transaction in accordance with ASC 810-10. Due to this purchase, the non-controlling interest in NetSol PK, NetSol Innovation
and NAMECET, decreased from 32.38% at June 30, 2024 to 30.24% at June 30, 2025. The carrying amount of the non-controlling interest was
reduced by $1,532,797, and the difference of $29,135 was recognized as an increase in additional paid-in capital in the Company’s
consolidated equity.

During
the year ended June 30, 2025, the Company