NIS Management has instituted a Writ Petition before the Hon'ble High Court at Calcutta against the Employees' State Insurance Corporation (ESIC), challenging a proposed recovery of ₹2.17 crore in damages.

The legal action follows various notices received by the company seeking payment of these amounts. NIS Management stated that based on its understanding of the matter and the available legal position, it views the claim raised by ESIC as not sustainable and intends to vigorously contest it to safeguard its interests.

Regulatory Disclosure

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company cited SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 for detailed reporting requirements regarding the litigation.

Claim Details and Legal Status

The total quantum of claims challenged in the petition stands at ₹2,16,99,099. The company clarified that it does not presently anticipate any financial liability towards the said damages, subject to the final outcome of the proceedings before the Hon'ble Court.

Previously, the company had received a show cause notice from the ESIC Regional Office, Kolkata, on September 21, 2026, regarding a proposed recovery of ₹92.17 lakh pertaining to the period from July 2018 to June 2019. The current writ petition addresses notices received over a period of time, aggregating to the higher figure of ₹2.17 crore.

NIS Management Limited scheduled its 20th Annual General Meeting (AGM) for Friday, September 25, 2026. The company published the notice of the meeting in The Statesman and Dainik Statesman on September 4, 2026, following board approval on September 2.

The virtual session will commence at 12:00 pm via video conference or other audio-visual means. Shareholders holding shares as of August 28, 2026, are eligible to receive the meeting notice. Those registered by September 18, 2026, qualify for e-voting and attendance at the event.

E-Voting and Scrutinizer Details

National Securities Depository Limited (NSDL) facilitates remote e-voting. The voting window opens on Tuesday, September 22, 2026, at 9:00 am and closes on Thursday, September 24, 2026, at 5:00 pm. FCS Himanshu Surendrakumar Gupta of M/s. Himanshu S K Gupta and Associates serves as the scrutinizer for the remote voting process.

The Board approved the Board's Report, including the Management Discussion and Analysis for FY25-26, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Appointments

The board finalized key compliance appointments for FY26-27:

HM & Associates specializes in corporate advisory and SEBI compliance. Moore Singhi Advisors LLP provides assurance and risk advisory services as part of the Moore Global Network. The disclosure confirms no relationship exists between the appointed firms and the company's directors.