Navneet Education Limited (NEL) announced a Composite Scheme of Arrangement involving the demerger of the Publishing Business of Indiannica Learning Private Limited (ILPL) into NEL. This scheme also includes a reduction of equity share capital, preference share capital, and securities premium of ILPL.

The Board of Directors of both ILPL and NEL approved the scheme on January 8, 2026. The demerger aims to consolidate NEL's publishing business, which focuses on CBSE and ICSE curricula, with ILPL's publishing operations. This consolidation is expected to enhance customer reach, integrate content creation and technological development teams, and leverage NEL's experienced human resources and financial capital for growth and economies of scale.

Following the demerger, ILPL will focus on its Digital Products and Trading Business. The scheme also facilitates administrative and operational rationalization, organizational efficiencies, and optimal utilization of resources, leading to reduced overheads and better compliance management. A key aspect of the scheme is the reduction of ILPL's capital, which includes eliminating a debit balance in retained earnings of ₹1,26,77,45,942 as of March 31, 2025. The scheme is designed to be commercially viable, fair, and in the best interest of all stakeholders.