NIIT Limited — Others, 28-02-2025: Action(s) initiated or orders passed

NIIT Limited has received two GST demand orders totaling ₹8.11 crore and ₹31.74 lakh from tax authorities in Gurugram and Mumbai, respectively, primarily due to discrepancies in GST credit reporting for FY 2020-21. The company assesses these demands as not maintainable and is exploring options, including an appeal, anticipating no significant impact on its financials or operations. Investors may view this as a neutral impact, with management demonstrating a proactive approach to handling regulatory challenges while maintaining financial stability.