Aptech Limited has announced securing a substantial work order worth Rs. 4.18 crore from a state government body for conducting computer-based examinations. The company disclosed this development on February 18, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details and Scope

The work order encompasses comprehensive computer-based examination services for the state government entity. Key aspects of the contract include:

Service Requirements and Deliverables

Under the contract terms, Aptech Limited will be responsible for several critical components:

• Exam Center Management: Submit final list of exam cities and centers with seat capacity details
• Technical Compliance: Ensure examination conduct as per Request for Proposal (RFP) and Master Service Agreement (MSA)
• Infrastructure Setup: Provide audited examination centers approved by the state government body
• Service Delivery: Meet specific terms, deliverables, and Service Level Agreements outlined in the contract

Strategic Significance

This contract reinforces Aptech's growing presence in the enterprise business segment, particularly in assessment and testing solutions. The company operates through two main business streams - Individual Training and Enterprise Business Group. The Enterprise Business Group includes Aptech Training Solutions and Aptech Assessment & Testing Solutions, which cater to corporates and institutions.

Company Background

Aptech Limited, established in 1986, operates as a pioneer in non-formal vocational training with over 1,000 centers globally. The company's diverse portfolio spans IT training, media and entertainment, retail and aviation, beauty and wellness, banking and finance, and pre-school segments. Through its multiple brands including Arena Animation, MAAC, Lakmé Academy powered by Aptech, and others, the company serves students, professionals, universities, and corporate clients.

Regulatory Compliance

The disclosure follows the company's previous announcement dated December 13, 2024, and adheres to Aptech's Policy on Determination of Materiality of Events and Information. The contract does not involve any related party transactions and has been awarded at arm's length basis with no promoter group interest in the awarding entity.

Aptech Limited has informed stock exchanges about receiving an income tax assessment order with a demand notice of ₹6,36,92,990 for Assessment Year 2024-25. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Assessment Order Details

The company received the assessment order under Section 143(3) of the Income Tax Act, 1961, along with the demand notice on February 10, 2026. The communication was received from the Income Tax Department as part of the regular assessment process.

Nature of Demand

According to Aptech's disclosure, the demand has arisen due to computational omissions in the assessment process. The Income Tax Department had considered certain deductions claimed by the company while passing the order under Section 143(1). However, in the subsequent Section 143(3) order, certain deductions claimed by the company were inadvertently not given effect to, resulting in the demand notice.

The company emphasized that this appears to be a computational error rather than a substantive tax issue, as the deductions had already been claimed and considered during the assessment process.

Company's Response and Expected Impact

Aptech Limited has stated that it does not expect any financial impact from this demand, subject to rectification of the order. The company believes the demand is rectifiable and has indicated there is no material impact on its operations at this stage.

Legal Steps and Future Course

The company is in the process of filing an application for rectification under Section 154 of the Income Tax Act, 1961. This provision allows for correction of mistakes apparent from the record. Aptech plans to take appropriate steps before the Income Tax Department within the prescribed timeline to correct the computational error.

The company has expressed confidence in its position, stating it has a strong case on merits and believes the demand is rectifiable. Aptech has committed to taking all necessary legal steps to safeguard its interests and will inform the stock exchanges of any material developments in the matter.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with sub-para 8, Para B, Part A, Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no aberrations, non-compliances, penalties, restrictions, or sanctions were identified or imposed in the communication from the tax authorities.