NIIT Limited received the certified copy of the National Company Law Tribunal (NCLT) order on June 16, 2026, approving the scheme of amalgamation with NIIT Institute of Finance Banking & Insurance Training Limited and RPS Consulting Private Limited. The order, dated May 22, 2026, sanctions the composite scheme of arrangement under Sections 230 and 232 of the Companies Act, 2013. The appointed date for the scheme is April 1, 2026, and it will become effective upon filing the certified true copy with the Registrar of Companies, Haryana.

Scheme Details

The amalgamation involves the transfer of all properties, rights, powers, liabilities, and duties of the amalgamating companies to NIIT Limited. All contracts subsisting immediately before the effective date will stand transferred to and vested in the amalgamated company. Employees and staff of the amalgamating companies will become employees of NIIT Limited without any interruption of service, on terms and conditions no less favourable than those previously applicable.

Statutory Compliance

The statutory auditors certified that the accounting treatment proposed in the scheme complies with applicable Indian Accounting Standards (Ind AS). The Income Tax Department and the Official Liquidator raised no objections to the scheme. The Regional Director and Registrar of Companies raised observations regarding pending statutory dues, which the company addressed by undertaking to make payments upon final adjudication.

Key Observations and Responses

The company addressed specific observations regarding disputed statutory dues. The table below summarizes the key observations and the company's responses:

Effective Date and Dissolution

The scheme will be binding on the petitioner companies, their shareholders, and creditors. Upon the effective date, the amalgamating companies shall stand dissolved without being wound up. NIIT Limited is directed to lodge a copy of the order with the concerned Superintendent of Stamps for adjudication of stamp duty, if any, within 60 days from the date of the order.

NIIT Limited has approved the re-appointment of Ravindra Babu Garikipati as an Independent Director for a second term of five years, effective from November 11, 2026. The decision, taken by the Board of Directors on June 16, 2026, follows the recommendation of the Nomination & Remuneration Committee. The appointment is subject to the approval of the shareholders.

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The company confirmed that Garikipati is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority.

Profile of the Director

Mr. Ravindra Babu Garikipati is a senior technology executive, entrepreneur, and board director with more than 35 years of experience building and scaling technology-led businesses across India and Silicon Valley. He currently serves as a Board Member for Axis Asset Management Company, IndusInd Bank Limited, NIIT Learning Systems Limited, and RPS Consulting Private Limited. Additionally, he is a Strategic Advisor to ICICI Lombard and a Founding Advisor at Optra.

His executive track record includes serving as the CTO of Flipkart, President and CTO of 247.ai, and VP of Engineering at Andale (an Alibaba company). He also founded and served as CEO of Davinta, a fintech startup focused on financial inclusion.

Appointment Details