NIIT Learning Systems Limited has fixed August 20, 2026, as the record date for determining shareholder entitlement to the final dividend for the financial year ended March 31, 2026. The company’s Board of Directors had previously recommended a final dividend of ₹3.25 per equity share of face value ₹2 each during its meeting on May 12, 2026. This distribution is subject to formal approval by members at the upcoming annual general meeting, marking a key liquidity event for investors holding shares as of the close of business on the record date.

The 24th Annual General Meeting (AGM) is scheduled to be held on Wednesday, September 9, 2026, at 12:30 P.M. (IST). In compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India, the meeting will be conducted through Video Conferencing or Other Audio Visual Means, without physical presence at a common venue. If approved by the members, the dividend will be paid within 30 days from the date of the AGM, subject to applicable tax deductions at source.

Dividend Entitlement Details

Shareholders whose names appear as beneficial owners in the records furnished by the depositories as at the close of business hours on Thursday, August 20, 2026, will be eligible to receive the dividend. The company has communicated these details to both BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The notice of the AGM and other relevant documents will be provided to shareholders in due course. The announcement was signed by Deepak Bansal, Company Secretary and Compliance Officer of NIIT Learning Systems Limited, on August 5, 2026. The company, formerly known as MindChampion Learning Systems Limited, continues to operate with its registered office in Gurugram, Haryana.

NIIT Learning Systems Limited disclosed on July 31, 2026, that its wholly owned subsidiary, NIIT (USA) Inc., has received a tax demand of USD 600,303.50 from the Department of Revenue, State of Washington, United States of America. The demand follows the conclusion of an excise tax audit for the period January 1, 2022 to December 31, 2025. The company stated that the matter involves differences in the interpretation and application of tax provisions rather than any alleged violation of law, and confirmed there is no impact on its operations or other activities.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/II/3762/2026 dated January 30, 2026. NIIT (USA) Inc. received the Audit Report and Notice of Balance Due, both dated July 30, 2026, on July 31, 2026. The demand includes components for tax, penalty, and interest as detailed below.

Tax Demand Breakdown

The audit determined tax adjustments under the Washington State Business & Occupation tax and Retail Sales tax classifications. The demand arose due to differences in the interpretation and application of Washington State excise tax provisions relating to the classification of revenue and deductions claimed, leading to the consequential levy of penalties.

Financial Impact Assessment

NIIT Learning Systems stated that no violation or contravention of any law has been alleged in the notice. Based on the view of its tax consultants, NIIT (USA) Inc. had already created a provision in its books of accounts on a prudent basis in the previous financial year. Consequently, the company assessed that the financial impact, if any, is not material.

Any remaining financial adjustments will be dealt with in the books of account in accordance with applicable accounting standards. The company emphasized that there is no impact on the operations or other activities of either NIIT (USA) Inc. or the parent entity.

What the Numbers Show

The structure of the demand indicates that the primary liability stems from the base tax adjustment of USD 435,957.60, which constitutes approximately 72% of the total demand. The penalty component of USD 111,994.73 represents roughly 18%, while interest accounts for the remaining 10%. The fact that the company had previously created a provision suggests management anticipated potential exposure from this audit period, mitigating the immediate cash flow impact of the notice.