Navneet Education Limited has informed the Exchange regarding Board meeting held on January 08, 2026. Disclosure Under Regulation -30 Of SEBI ( LODR )
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Navneet Education Limited's Board, on January 8, 2026, approved a composite scheme of arrangement to demerge the Publishing Business of its wholly-owned subsidiary Indiannica Learning Private Limited (ILPL) into itself. The appointed date is April 1, 2025. The Publishing Business of ILPL had a turnover of INR 54.31 Crores in FY25, representing 99.68% of ILPL's total turnover. Since ILPL is fully owned by Navneet, no new shares will be issued and there will be no change in Navneet's shareholding pattern. The scheme also includes a reduction of ILPL's equity share capital, preference share capital, and securities premium to right-size its balance sheet. The scheme is subject to NCLT Mumbai Bench and other approvals.
This is an internal restructuring that consolidates the publishing businesses of Navneet and ILPL into a single listed entity, aiming for operational synergies and cost efficiencies. Since no new shares are issued and the shareholding pattern remains unchanged, the move is largely neutral for existing shareholders but could improve operational focus and financial clarity in the long run.