NIIT Learning Systems Limited has completed the issuance of a corporate guarantee worth USD 10.50 million to support its US subsidiary's financing requirements. The guarantee was issued on February 27, 2026, in favor of ICICI Bank Limited, New York Branch, as part of a comprehensive term loan arrangement.

Corporate Guarantee Details

The corporate guarantee serves as security for a term loan facility of up to USD 10 million that will be availed by NIIT (USA) Inc., the company's wholly owned overseas subsidiary. The guarantee arrangement includes specific terms and conditions designed to facilitate the subsidiary's operational and expansion needs.

Board Approval and Documentation

The Board of Directors of NIIT Learning Systems Limited had previously approved this corporate guarantee issuance on January 28, 2026. The guarantee has now been formally executed as part of the comprehensive term loan documentation between NIIT (USA) Inc. and ICICI Bank, New York Branch. This completion represents the final step in securing the financing arrangement for the US subsidiary.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This update follows the earlier disclosure made on January 28, 2026, when the Board initially approved the guarantee arrangement. The timely communication ensures transparency with stakeholders and regulatory compliance.

Strategic Implications

This corporate guarantee demonstrates NIIT Learning Systems Limited's commitment to supporting its international operations through strategic financial backing. The arrangement enables NIIT (USA) Inc. to access necessary funding for its business activities while leveraging the parent company's financial strength. The five-year validity period provides sufficient time for the subsidiary to utilize the facility effectively and support its operational requirements in the US market.

NIIT Learning Systems Limited has announced the dissolution of its Swiss subsidiary MST Switzerland GmbH, marking another step in the company's corporate restructuring efforts. The dissolution was communicated to stock exchanges on February 25, 2026, as part of mandatory disclosure requirements under SEBI regulations.

Background of the Dissolution

The dissolution process began before NIIT's strategic acquisition completed on July 9, 2025. During that transaction, NIIT (Ireland) Limited, a wholly owned overseas subsidiary of the company, acquired 100% equity stake in MST Investment Holding GmbH along with its subsidiaries.

Corporate Structure Simplification

MST Holding GmbH, Germany, which is a wholly owned subsidiary of MST Investment Holding GmbH, had filed an application with relevant authorities for the striking off and dissolution of MST Switzerland GmbH. The Swiss entity had been classified as an inoperative entity, making it a candidate for dissolution as part of broader corporate restructuring initiatives.

The dissolution was undertaken specifically to streamline and simplify the overall corporate structure following the recent acquisitions and organizational changes within the NIIT group.

Impact Assessment

NIIT Learning Systems has provided clear guidance on the implications of this dissolution:

• Financial Impact: No impact on the company's financial statements or operations
• Shareholding Structure: No changes to the shareholding pattern of any other subsidiary or step-down subsidiary
• Operational Continuity: Business operations remain unaffected by the dissolution

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the company's earlier intimation on July 9, 2025, regarding the initial acquisition of MST Investment Holding GmbH and its subsidiaries.

The disclosure demonstrates NIIT Learning Systems' commitment to maintaining transparency with stakeholders and ensuring full compliance with regulatory requirements for corporate restructuring activities.