Arvind Thakur has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Arvind Thakur, identified as a person acting in concert with the promoter group of NIIT Learning Systems Limited, has filed an annual declaration with the stock exchanges as required under SEBI's Takeover Regulations. In this declaration, he confirms that neither he nor any person acting in concert with him has created any encumbrance — such as a pledge, lien, or mortgage — on shares of NIIT Learning Systems during the financial year 2024-25. This is a routine annual compliance filing mandated for promoters and persons acting in concert to ensure transparency around share encumbrances.
Positive reassurance for shareholders: the promoter's shares in NIIT Learning Systems remain fully unencumbered for FY2024-25, reducing concerns about forced selling or margin-call risk on pledged holdings. This is a routine compliance disclosure with no material impact on the stock price.