NIIT Limited , a global skills and talent development corporation, has received a significant update from the National Company Law Tribunal (NCLT) regarding its ongoing amalgamation scheme with two subsidiaries.

NCLT Order Details

The Honourable NCLT, Chandigarh Bench, vide its order dated December 18, 2025, has dispensed with the requirement of meetings for equity shareholders, secured creditors, and unsecured creditors of both the amalgamated company and amalgamating companies. This development follows the company's earlier application submission on October 27, 2025.

Amalgamation Scheme Overview

The scheme involves the amalgamation of NIIT Institute of Finance Banking and Insurance Training Limited and RPS Consulting Private Limited into NIIT Limited. The appointed date for this amalgamation remains April 01, 2026, as previously disclosed.

Current Status and Next Steps

The NCLT order has been uploaded on the tribunal's official website, and the company is awaiting the certified copy of the order. This dispensation significantly streamlines the amalgamation process by eliminating the need for formal meetings with various stakeholder groups.

This positive development brings NIIT Limited closer to completing its corporate restructuring initiative, which is expected to create operational synergies and enhance the company's position in the skills and talent development sector.

NIIT Limited has received a favorable resolution in its GST assessment proceedings, with tax authorities issuing an order with nil demand that concludes a case initially involving ₹4.15 crore. The company informed stock exchanges about receiving the assessment order from the Assistant Commissioner of State Tax, Ward 203, Zone-11, Delhi.

GST Assessment Details

The assessment order pertains to proceedings under section 73 of CGST Act, 2017, which have now been dropped by the tax authorities. The case originated from a Show Cause Notice (SCN) received by NIIT Limited, which the company had previously disclosed to exchanges.

Original Tax Demand Breakdown

The initial Show Cause Notice for FY2021-22 had demanded a total of ₹4.15 crore from NIIT Limited, broken down across multiple components. The demand arose due to various GST credit-related discrepancies identified by tax authorities.

Nature of Violations Alleged

The GST authorities had raised concerns regarding several credit-related mismatches in NIIT's tax filings for FY2021-22. The violations included:

• Difference in credit appearing in GSTR-3B versus GSTR-2A
• Credit availed from ISD (Input Service Distributor) taxpayer and credit appearing in GSTR-2A
• Mismatch in tax declared in Annual Return

These discrepancies had prompted the tax authorities to issue the Show Cause Notice seeking explanations and demanding the substantial amount.

Impact and Resolution

NIIT Limited has stated that no action is required following the favorable assessment order. The company emphasized that there is no impact on its financial, operational, or other activities as the proceedings have been concluded with nil demand. This resolution provides clarity on the GST matter that had been pending.

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (LODR) Regulations, 2015, and SEBI Master Circular by informing both NSE and BSE about this development through its Company Secretary and Compliance Officer, Arpita Bisaria Malhotra.