NIIT Limited has announced the cessation of Ms. Mita Brahma as Senior Management Personnel, effective December 31, 2025. The company informed both the National Stock Exchange of India Limited and BSE Limited about this development on January 1, 2026, in compliance with regulatory requirements.

Regulatory Compliance and Disclosure

The announcement was made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full compliance with disclosure requirements.

Details of the Cessation

The following table provides key details about Ms. Mita Brahma's cessation:

Official Communication

The disclosure was signed by Arpita Bisaria Malhotra, Company Secretary & Compliance Officer of NIIT Limited. The communication was digitally signed and dated January 1, 2026, ensuring proper documentation and authenticity of the announcement.

Regulatory Framework

The cessation falls under the purview of SEBI regulations that mandate listed companies to disclose changes in senior management personnel. This ensures transparency and keeps stakeholders informed about significant organizational changes that may impact the company's operations and governance structure.

NIIT Limited has disclosed receiving a Goods and Services Tax (GST) demand order worth ₹1.81 crores from tax authorities for the Financial Year 2021-22. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GST Demand Order Details

The company received the demand order on December 24, 2023, from the Deputy Commissioner of State Tax, Nodal-06, Bandra-West, Mumbai, Maharashtra. The order carries financial implications for the company.

Nature of Alleged Violation

The disallowance is primarily attributed to differences in GST credit appearing in GSTR-3B versus GSTR-2A filings for Financial Year 2021-22. This discrepancy between the two GST return forms has led to the tax authorities questioning the company's GST credit claims during the specified period.

Company's Response and Assessment

NIIT Limited has conducted its own assessment of the demand order and concluded that the aforesaid demand is not maintainable. The company's evaluation suggests that the tax authorities' position may lack proper justification or legal basis.

The company plans to appeal against the order, indicating NIIT's intention to challenge the tax authorities' decision through appropriate legal channels.

Impact Assessment

Despite the amount involved, NIIT Limited has stated that it does not anticipate any material impact on its financials, operations, or other activities. This assessment reflects the company's position on the demand order.

The disclosure demonstrates NIIT's commitment to transparency and regulatory compliance by promptly informing stakeholders about this development.