NIIT Limited: NCLT Dispenses with Shareholder/Creditor Meetings for Amalgamation Scheme
NIIT Limited has provided an update on its ongoing scheme of amalgamation. This scheme involves NIIT Institute of Finance Banking and Insurance Training Limited and RPS Consulting Private Limited amal...
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Why is NIIT Limited in the news today?
NIIT Limited (NIITLTD) is in the news due to the announcement provides an update on a procedural step in the amalgamation process, which is a neutral development. it does not immediately signal financial gains or losses but progresses the corporate action.
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NIIT Limited: NCLT Dispenses with Shareholder/Creditor Meetings for Amalgamation Scheme
December 19, 2025, 05:15 PM
NIIT Limited has provided an update on its ongoing scheme of amalgamation. This scheme involves NIIT Institute of Finance Banking and Insurance Training Limited and RPS Consulting Private Limited amalgamating with and into NIIT Limited.
Further to the application submitted to the Hon’ble National Company Law Tribunal (NCLT) on October 27, 2025, the NCLT, Chandigarh Bench, issued an order on December 18, 2025. This order dispenses with the requirement for meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors of the Amalgamated Company and the Amalgamating Companies. The company is awaiting a certified copy of this order.
The company had previously informed the stock exchanges about the submission of the First Motion Petition/Company Application to the NCLT on October 27, 2025, regarding this amalgamation scheme.
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