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.

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.