Netweb Technologies India Limited has announced the approval for the incorporation of a wholly-owned subsidiary in Taiwan. This strategic move is part of the company’s global expansion plans, aiming to strengthen its international presence and tap into new markets. The incorporation process is yet to be initiated, with further details to be provided as they become available. The company also reported its unaudited financial results for the quarter and half-year ended September 30, 2026.
Netweb Technologies to Establish Taiwan Subsidiary
Netweb Technologies India Limited announced a significant step in its global growth strategy: the approval to incorporate a wholly-owned subsidiary in Taiwan. This decision was made during the Board of Directors’ meeting held on October 24, 2026.
Strategic Expansion
The establishment of this subsidiary is aimed at expanding Netweb Technologies’ international footprint and exploring new market opportunities. The company confirmed that the incorporation process has not yet commenced, and further details regarding the subsidiary will be disclosed as they become available. This move aligns with the company’s objective to enhance its global market reach and operational capabilities.
Financial Results Disclosure
In addition to the expansion plans, the Board of Directors also considered and approved the unaudited financial results for the quarter and half-year ended September 30, 2026. These results, along with the limited review report from the statutory auditors, have been attached as Annexure-I and are available on the company’s investor website. The company adheres to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for all its disclosures.
Financial Highlights
For the half-year ended September 30, 2026, Netweb Technologies reported total income of INR 21,590.78 million and a profit before tax of INR 2,967.87 million. The total comprehensive income for the period stood at INR 2,222.87 million. The company’s total assets as of September 30, 2026, were INR 40,667.66 million, with total equity and liabilities amounting to the same figure.
Share Capital and Earnings
The paid-up equity share capital of the company as of September 30, 2026, was INR 118.89 million. Basic earnings per share for the half-year ended September 30, 2026, were INR 3.08.
Source: BSE
