Please find disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
NIITLTD · price
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The Hon'ble National Company Law Tribunal (NCLT), Chandigarh Bench has approved the scheme of amalgamation involving two companies merging into NIIT Ltd. NIIT Institute of Finance Banking & Insurance Training Limited and RPS Consulting Private Limited (the amalgamating companies) will merge into NIIT Ltd (the amalgamated company). The NCLT passed its order on May 22, 2026, and the appointed date for the scheme is April 1, 2026. The scheme is not yet effective as the company is awaiting the certified copy of the order from NCLT. Upon effectiveness, all assets, liabilities, contracts, and employees of the amalgamating companies will transfer to NIIT Ltd, and the amalgamating companies will stand dissolved without winding up.
This amalgamation consolidates two related entities into NIIT Ltd, potentially strengthening the company's training and consulting business operations. The merger is positive for shareholders as it simplifies the corporate structure and may create operational efficiencies.