Vijay Kumar Thadani As Trustee Of Thadani Family Trust 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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Vijay Kumar Thadani, acting as Trustee of the Thadani Family Trust, has filed an annual declaration with the stock exchanges under SEBI's Takeover Regulations. In it, he confirms that neither he nor any person acting in concert has created any encumbrance (such as a pledge, lien, or charge) on their shares in NIIT Limited during financial year 2024-25. This is a yearly compliance requirement for promoters and trustees of trusts that hold substantial stakes in listed companies. The Thadani family is part of the promoter group of NIIT, the education and learning solutions company based in Gurugram.
This is a routine annual compliance filing with no material action. For shareholders, it is mildly reassuring as it confirms the promoter family has not pledged any of their NIIT shares during the year, signalling no immediate liquidity stress at the promoter level.