NIIT Limited — Others, 14-06-2025: Action(s) initiated or orders passed

NIIT Limited has received a favorable order from the Income Tax Appeals Commissioner for Assessment Year 2011-12, leading to the withdrawal of a Rs. 5.34 Cr tax demand. An adjustment lowered the corporate guarantee charge from 1.77% to 0.7%, with no further financial impact since it was already accounted for. This reversal of a previously disclosed contingent liability strengthens the company’s financial position and removes uncertainty for shareholders.