NIIT Learning Systems Limited allotted 2,000 equity shares of Rs. 2/- each under its Employee Stock Option Plan 2023-0 on April 5, 2026. The company is completing listing formalities and will file a listing application with stock exchanges for trading approval.

NIIT Learning Systems Allots 2,000 Equity Shares Under Employee Stock Option Plan

NIIT Learning Systems Limited has announced the allotment of equity shares under its employee stock option plan. The Share Allotment Committee approved the allotment on April 5, 2026, marking another step in the company's employee incentive program.

Share Allotment Details

The company has provided specific details regarding the recent equity share allotment:

Parameter: Details Number of Shares: 2,000 (Two Thousand only) Face Value: Rs. 2/- each Plan: NIIT Learning Systems Limited Employee Stock Option Plan 2023-0 Allotment Date: April 5, 2026

The allotment was conducted in accordance with the terms and conditions of the Employee Stock Option Plan 2023-0, ensuring compliance with the established framework for employee stock options.

Listing and Trading Approval Process

NIIT Learning Systems Limited is currently in the process of completing the necessary formalities for listing the newly allotted shares. The company has indicated that it will file a listing application along with requisite documents with the stock exchanges shortly.

The listing application will be submitted to seek approval for both listing and trading of the allotted equity shares. This process ensures that the shares can be traded on the stock exchanges once all regulatory requirements are fulfilled.

Corporate Communication

The intimation was signed by Deepak Bansal, Company Secretary and Compliance Officer of NIIT Learning Systems Limited. The communication was addressed to both BSE Limited and National Stock Exchange of India Limited, maintaining transparency with the regulatory authorities.

The company, formerly known as MindChampion Learning Systems Limited, operates from its registered office in Gurugram, Haryana, and continues to maintain its commitment to regulatory compliance through timely disclosures.

NIIT Learning Systems Limited has informed stock exchanges about receiving an income tax demand notice for Assessment Year 2023-24, involving a substantial amount that the company intends to contest through legal remedies.

Income Tax Assessment Details

The Assessment Unit of the Income Tax Department has passed an order under Section 143(3) and issued a Notice of Demand under Section 156 of the Income-tax Act, 1961, for Assessment Year 2023-24. The company received this communication on March 26, 2026, under faceless assessment proceedings.

Parameter: Details Authority: Assessment Unit, Income Tax Department Assessment Year: 2023-24 Demand Amount: Rs. 14,93,39,220 (including interest) Receipt Date: March 26, 2026 Order Section: 143(3) and Notice under Section 156

Company's Response and Position

NIIT Learning Systems has characterized the demand as arising from apparent computational mistakes in the assessment order. The company specifically identified issues including short credit of prepaid taxes by the Assessment Unit during the faceless assessment proceedings.

Based on professional advice and case facts, the company believes the demand is not sustainable and expects rectification. NIIT Learning Systems plans to file an application for rectification under Section 154 of the Income-tax Act, 1961, to address what it considers apparent mistakes in the assessment order.

Financial and Operational Impact

The company has stated that it does not expect any impact on its financials and operations from this demand notice. This assessment is based on the company's belief that the demand will be rectified through the legal process.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company secretary and compliance officer, Deepak Bansal, signed the intimation on March 27, 2026.

NIIT Learning Systems, formerly known as MindChampion Learning Systems Limited, operates in the managed training services sector and maintains its registered office in Gurugram, Haryana.

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