NIS Management Limited has received a demand notice from the Employees' State Insurance Corporation (ESIC) for ₹64.56 lakhs, as disclosed in a regulatory filing dated January 16, 2026. The company made this disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

ESIC Demand Notice Details

The demand notice (Form No. ESI CP-2) was dated January 14, 2026, and pertains to alleged dues owed by the company to ESIC. The notice was issued under Sections 45-C to 45-I of the Employees' State Insurance Act, 1948, demanding recovery of the specified amount.

Company's Response Strategy

NIS Management Limited stated that it is currently examining the demand notice received from ESIC. The company has indicated its intention to apply before the appropriate authority seeking a stay on the operation and enforcement of the demand notice.

The company's approach includes:

• Detailed examination of the ESIC demand notice
• Application for stay on enforcement through appropriate legal channels
• Compliance with regulatory disclosure requirements under SEBI guidelines

Financial Implications

According to the disclosure, the expected financial implication is limited to the demand amount of ₹64.56 lakhs, with no additional compensation or penalty mentioned at this stage. The company has quantified the total claim amount at ₹64.56 lakhs as specified in the ESIC notice.

Regulatory Compliance

The disclosure was made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which requires detailed disclosures for litigation and regulatory proceedings. The filing was signed by Debajit Choudhury, Managing Director (DIN: 00932489), from the company's Kolkata office.

NIS Management Limited has secured a major housekeeping services contract worth ₹10.36 crores from the Central Building Division, Building Construction Department, Patna. The company announced this significant business development on January 16, 2025, through a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements.

Contract Details and Scope

The work order encompasses comprehensive housekeeping services for two key government facilities in Patna. The contract covers the Main Secretariat and the Campus of the Old Secretariat, representing a substantial service mandate for the company.

Financial and Regulatory Compliance

The total contract value of ₹10,36,07,027 includes all applicable taxes, providing clarity on the revenue potential for NIS Management Limited over the five-year period. The company has confirmed that this contract does not involve any related party transactions and has been awarded at arm's length terms.

Strategic Significance

This contract award demonstrates NIS Management Limited's capability to secure substantial government contracts in the facility management sector. The five-year duration provides revenue visibility and establishes the company's presence in the government services segment in Bihar.

The company views this contract as recognition of its team's dedication and expertise in providing quality housekeeping services. The management expressed confidence about collaborating with the Central Building Division on this significant project, emphasizing the importance of stakeholder support in ensuring successful project execution.