Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1666

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 9A
Chunk 1666
---
Evaluation
of Disclosure Controls and Procedures 

Our
management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure
controls and procedures pursuant to Rule 13a-15 under the Exchange Act, as of the end of the period covered by this Annual Report on
Form 10-K. Based upon that evaluation, the Chief Financial Officer and Chief Executive Officer concluded that our disclosure controls
and procedures were effective.

Management’s
Report on Internal Control over Financial Reporting

Our
management has the responsibility to establish and maintain adequate internal controls over our financial reporting, as defined in Rule
13a-15(f) under the Securities and Exchange Act of 1934. Our internal controls are designed to provide reasonable assurance regarding
the reliability of our financial reporting and the preparation of our external financial statements in accordance with generally accepted
accounting principles (GAAP).

27

Due
to inherent limitations of any internal control system, management acknowledges that there are limitations as to the effectiveness of
internal controls over financial reporting and therefore recognize that only reasonable assurance can be gained from any internal control
system. Accordingly, our internal control system may not detect or prevent material misstatements in our financial statements and projections
of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Under
the supervision and participation of management, including the Chief Executive Officer and Chief Financial Officer, we have performed
an assessment of the effectiveness of our internal controls over financial reporting as of June 30, 2025. This assessment was based on
the criteria established in Internal Control-Integrated Framework (2013), issued by the Committee of Sponsoring Organizations of the
Treadway Commission. Based on the results of our assessment, the Company has determined that as of June 30, 2025, the Company’s
internal control over financial reporting is effective.

Changes
in Internal Control over Financial Reporting 

There
have been no changes in our internal controls over financial reporting during the fourth quarter of fiscal year 2025, that have materially
affected, or are reasonable likely to materially affect, the Company’s internal control over financial reporting (as defined in
Exchange Act Rules 13a – 15(f) and 15d – 15(f)).

ITEM
9B. OTHER INFORMATION

Rule
10b5-1 Trading Plans

During
the fiscal quarter ended June 30