NIIT Learning Systems Limited held its 24th Annual General Meeting on September 9, 2026. The company approved its audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The meeting, conducted via video conferencing and other audio-visual means, also saw the declaration of a dividend on equity shares for FY26. Members adopted the Board’s Report and the Auditors’ Reports, which contained no qualifications or adverse remarks.

Key Resolutions Passed

Shareholders approved several ordinary and special resolutions during the AGM. The key outcomes included:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Declaration of dividend on equity shares for the fiscal year ended March 31, 2026.
• Re-appointment of Chairman Rajendra Singh Pawar and Vice Chairman & Managing Director Vijay Kumar Thadani, who retired by rotation.
• Ratification of remuneration for Cost Auditors for FY25-26.

Special Business Approvals

The meeting addressed specific governance matters under special business items. Members approved the continuation of Rajendra Singh Pawar’s directorship despite him attaining the age of seventy-five years.

Additionally, shareholders approved the payment of remuneration to Vice Chairman & Managing Director Vijay Kumar Thadani, Executive Director & CEO Sapnesh Kumar Lalla, and Non-Executive Directors for the remaining period of their tenure in the event of absence or inadequacy of profits.

Management Presence

Chairman Rajendra Singh Pawar chaired the meeting. Other senior officials present included CFO Sanjay Mal and Company Secretary Deepak Bansal. Statutory Auditor S. R. Batliboi & Associates LLP and Secretarial Auditor P I & Associates were also represented.

The Chairman briefed members on the company’s performance and future outlook before inviting questions regarding operational performance and growth plans. The meeting concluded at 1:50 pm IST after finalizing the e-voting process.

NIIT Learning Systems has initiated the voluntary closure of its MST Shanghai subsidiary, citing the need to simplify its corporate structure and improve operational efficiency.

Closure details

The company has confirmed that the voluntary winding up of the MST Shanghai unit carries no financial impact. The move is positioned as a structural streamlining exercise rather than a response to any operational or financial distress.

Key highlights of the development

The closure of the MST Shanghai unit reflects a deliberate effort by NIIT Learning Systems to rationalise its subsidiary footprint. By voluntarily winding down this entity, the company aims to reduce structural complexity within its corporate framework without incurring any financial burden.