Netweb Technologies Says Vertiv Tie-Up Not Material Under Sebi Rules; Shares Gain 3.35% 

Netweb Technologies India Ltd has said that its newly announced collaboration with Vertiv Holdings Co does not qualify as a material event under Regulation 30 of the Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015, following an internal review triggered by Vertiv’s press statement the same day.

In a formal communication addressed to National Securities Depository Ltd and Central Depository Services (India) Ltd, the company on February 26 saidthe engagement falls below the thresholds that would require mandatory disclosure to stock exchanges.

That said, Netweb opted to place the clarification on record to pre-empt speculation and maintain transparency, a move it described as consistent with good governance practice.

The letter, dated February 26, 2026, was digitally signed by Lohit Chhabra, Company Secretary and Compliance Officer.

What The Collaboration Involves

Earlier on February 26, Vertiv (NYSE: VRT) announced a strategic collaboration with Netweb to jointly develop and validate liquid-cooled rack-scale infrastructure aimed at artificial intelligence and high-performance computing workloads in India.

According to the press release, the arrangement will combine Netweb’s GPU-based compute platforms with Vertiv’s liquid cooling and power management systems. These include coolant distribution units, free cooling chillers, busway systems and uninterruptible power supply (UPS) architecture designed to handle high-density deployments.

The companies indicated that the integrated racks are engineered to support IT loads exceeding 200kW per rack using Direct-to-Chip (DLC) cooling, a configuration increasingly associated with AI accelerator clusters where thermal constraints are acute.

Shrirang Deshpande, General Manager for Strategic Planning New Business Development at Vertiv India, said AI workloads are pushing traditional infrastructure to its limits. Hirdey Vikram, Senior Vice President at Netweb Technologies, described the tie-up as a step towards strengthening indigenous OEM capabilities in next-generation GPU systems.

For context, Regulation 30 of the Sebi LODR framework requires listed entities to disclose events that are either financially significant or operationally consequential. Companies apply board-approved materiality policies to determine whether an event crosses those thresholds. Netweb’s assessment concluded that this collaboration, at its current stage, does not.

Share Price Reaction As Of 12:09 IST, 27 February 2026

Netweb Technologies share price were trading at ₹3,821.50 on the NSE, up ₹123.90 or 3.35% on the day, as of 12:09 IST on 27 February 2026.

The stock opened at ₹3,780.00 and moved to a high of ₹3,994.40 so far. The previous close stood at ₹3,697.60. Exchange data showed a market capitalisation of approximately ₹21.77K crore and a price-to-earnings ratio of 121.69.

The gains followed the collaboration announcement and subsequent clarification filing. No financial terms of the partnership were disclosed in the communication.

About The Companies

Netweb Technologies (NSE: NETWEB) positions itself as an Indian original equipment manufacturer focused on high-end computing systems, including high-performance computing clusters, AI platforms, private cloud infrastructure and storage solutions. It operates integrated design and surface-mount technology (SMT) manufacturing facilities in India.

Vertiv, headquartered in Westerville, Ohio, supplies power, cooling and IT infrastructure systems for data centres, telecom networks and industrial facilities, with operations spanning more than 130 countries.

Source:

• https://nsearchives.nseindia.com/corporate/NETWEB1234_26022026184249_General_Update_Vertiv.pdf
• https://www.nseindia.com/get-quote/equity/NETWEB/Netweb-Technologies-India-Limited