The UGC NET exemption criteria require candidates to have an M.Phil degree with a minimum of 55% marks (or an equivalent grade) from a recognized university. Additionally, the M.Phil program must have included a dissertation or thesis work carrying at least 50% of the total marks.
Since your M.Phil program did not include a dissertation, you may not meet the criteria for NET exemption. However, it's important to refer to the specific guidelines and requirements issued by the UGC or the relevant examination conducting agency to confirm your eligibility.