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NIIT Learning Systems MD, chairman, board of directors and AGM

NSE: NIITMTSBSE: 543952Other Consumer ServicesSmall Cap

Last close ₹184.06down ₹4.58 (2.43%)BSE ₹183.85

Share price at the NSE close on 23 Oct 2026. Previous close ₹188.64.

52-week range of traded prices to 23 Oct 2026
₹179.27Low, 23 Oct 2026₹443.90High, 26 Dec 2025
Market cap
₹2,543 Cr836th largest listed
P/E
9.9
P/E without one-offs
11.4
P/B
1.6
Dividend yield
1.77%
ROE
18.6%
ROE without one-offs
16.2%
ROCE
16.0%
Debt to equity
0.17
Volume, NSE
1,11,74840.9% delivered

NIIT Learning Systems board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonRajendra Singh Pawar
  • Company Secretary and Compliance OfficerDeepak Bansal

8 directors4 independent2 executive2 non-executive

  • Rajendra Singh Pawar · ChairpersonNon-executive · joined May 2023 · reappointed Sep 2026 · 2 listed boards
  • Vijay Kumar ThadaniExecutive · joined Mar 2016 · reappointed Mar 2016 · 3 listed boards · 1 as independent · 4 committee seats
  • Sapnesh Kumar LallaExecutive · joined May 2017 · reappointed May 2017 · 2 listed boards · 1 committee seat
  • Ravinder SinghIndependent · joined May 2023 · reappointed May 2023 · 40 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Sangita SinghIndependent · joined May 2023 · reappointed May 2023 · 40 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Leher Vijay ThadaniNon-executive · joined May 2023 · reappointed May 2023 · 1 listed board · 1 committee seat
  • Ravindra Babu GarikipatiIndependent · joined May 2023 · reappointed May 2023 · 40 months as independent · 3 listed boards · 3 as independent · 2 committee seats
  • Parthasarathy Vankipuram SrinivasaIndependent · joined Jun 2023 · reappointed Jun 2023 · 39 months as independent · 2 listed boards · 2 as independent · 6 committee seats, 4 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 23 Jul 20267 of 8 present3 independent · 35 days in between
    • 17 Jun 20268 of 8 present4 independent · 35 days in between
    • 12 May 20268 of 8 present4 independent

  • Audit Committee

    Chair Parthasarathy Vankipuram Srinivasa

    Ravinder Singh, Sangita Singh, Vijay Kumar Thadani

    • 23 Jul 20263 of 4 present2 independent · 71 days in between
    • 12 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Ravindra Babu Garikipati

    Parthasarathy Vankipuram Srinivasa, Rajendra Singh Pawar

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Sangita Singh

    Ravinder Singh, Vijay Kumar Thadani, Sapnesh Kumar Lalla, Leher Vijay Thadani

    • 23 Jul 20264 of 5 present1 independent · 72 days in between
    • 11 May 20264 of 4 present1 independent

  • Risk Management Committee

    Chair Parthasarathy Vankipuram Srinivasa

    Vijay Kumar Thadani, Sapnesh Kumar Lalla, Ravinder Singh, Sanjay Mal, Jaydip Gupta

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Ravinder Singh

    Rajendra Singh Pawar, Vijay Kumar Thadani, Sapnesh Kumar Lalla, Leher Vijay Thadani

    • 23 Jul 20265 of 5 present1 independent · 72 days in between
    • 11 May 20265 of 5 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • S. R. Batliboi & Associates LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

NIIT Learning Systems AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.NIIT Learning Systems dividend history

Annual general meeting, 9 Sep 2026

74,833 shareholders on the register on 2 Sep 2026; present: 9 promoters and 165 others; votes counted by Milan Malik / Lexnexus Corporate Solutions, LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) the audited standalone financial statements of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon; and b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, and the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 64.12% · promoters 99.95% · institutions 63.10% · other public 20.55%

  2. To declare dividend on Equity Shares of the Company for the financial year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 64.22% · promoters 99.95% · institutions 63.35% · other public 20.55%

  3. To appoint Mr. Rajendra Singh Pawar (DIN: 00042516), as a director, who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.43% · other public 0.01%

    Turnout: all 64.22% · promoters 99.95% · institutions 63.35% · other public 20.55%

  4. To appoint Mr. Vijay Kumar Thadani (DIN: 00042527), as a director, who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.13% · other public 0.02%

    Turnout: all 64.22% · promoters 99.95% · institutions 63.35% · other public 20.55%

  5. To ratify the remuneration of Cost Auditors for the financial year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 64.22% · promoters 99.95% · institutions 63.35% · other public 20.55%

  6. To approve continuation of directorship of Mr. Rajendra Singh Pawar (DIN: 00042516), Non‑Executive, Non‑ Independent Director and Chairman of the Company, who has attained the age of seventy five years.MoreLess
    SpecialPromoters have an interest in it
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.42% · other public 0.01%

    Turnout: all 64.22% · promoters 99.95% · institutions 63.35% · other public 20.55%

  7. To approve the payment of remuneration to Mr. Vijay Kumar Thadani (DIN: 00042527), Vice-Chairman & Managing Director of the Company, for the remaining period of tenure, in the event of absence or inadequacy of profits.MoreLess
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.03% · other public 0.02%

    Turnout: all 64.22% · promoters 99.95% · institutions 63.35% · other public 20.55%

  8. To approve the payment of remuneration to Mr. Sapnesh Kumar Lalla (DIN: 06808242), Executive Director & Chief Executive Officer of the Company, for the remaining period of tenure, in the event of absence or inadequacy of profitsMoreLess
    Special
    93.55% for6.45% against

    Against: promoters 0.00% · institutions 16.96% · other public 0.02%

    Turnout: all 64.22% · promoters 99.95% · institutions 63.35% · other public 20.55%

  9. To approve the payment of remuneration to Non-Executive Directors of the Company in the event of absence or inadequacy of profits.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 64.22% · promoters 99.95% · institutions 63.35% · other public 20.55%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Sep 2025, 7 resolutions

73,221 shareholders on the register on 17 Sep 2025; present: 179 promoters and 9 others; votes counted by Milan Malik / Lexnexus Corporate Solutions, LLP.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: a) the audited standalone financial statements of the Company for the financial year ended March 31, 2025, and the reports of the Board of Directors and Auditors thereon; and b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2025, and the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 69.48% · promoters 99.95% · institutions 71.88% · other public 23.00%

  2. To appoint Mr. Sapnesh Kumar Lalla (DIN: 06808242) as a director, who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.35% · other public 0.01%

    Turnout: all 69.62% · promoters 99.95% · institutions 72.22% · other public 22.99%

  3. To appoint Ms. Leher Vijay Thadani (DIN: 03477205) as a director, who retires by rotation and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 0.35% · other public 0.01%

    Turnout: all 69.62% · promoters 99.95% · institutions 72.22% · other public 22.99%

  4. To declare dividend on Equity Shares of the Company for the financial year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 69.62% · promoters 99.95% · institutions 72.22% · other public 22.99%

  5. To ratify the remuneration of Cost Auditors for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 69.62% · promoters 99.95% · institutions 72.22% · other public 22.99%

  6. To appoint Secretarial Auditors of the Company for a term of five (5) consecutive financial years commencing from April 1, 2025 till March 31, 2030.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 69.61% · promoters 99.95% · institutions 72.18% · other public 22.99%

  7. To approve the payment of remuneration to Mr. Rajendra Singh Pawar, Non-Executive Director and Chairman of the Company.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 69.62% · promoters 99.95% · institutions 72.22% · other public 22.99%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 24 Sep 2024, 5 resolutions

Present: 9 promoters and 152 others.The company's voting result (opens in a new tab)

  1. Resolution : 1. To receive, consider and adopt:na) the audited standalone financial statements of the Company for the financial year ended March 31, 2024 and the Reports of the Board of Directors and Auditors thereon; and nnb) the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 and the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 71.90% · promoters 99.95% · institutions 88.63% · other public 18.15%

  2. Resolution : 2. To appoint Mr. Rajendra Singh Pawar (DIN: 00042516) as a director, who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.42% for0.58% against

    Against: promoters 0.00% · institutions 1.30% · other public 0.02%

    Turnout: all 72.08% · promoters 99.95% · institutions 89.12% · other public 18.15%

  3. Resolution : 3. To appoint Mr. Vijay Kumar Thadani (DIN: 00042527) as a director, who retires by rotation and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    96.63% for3.37% against

    Against: promoters 0.00% · institutions 7.52% · other public 0.02%

    Turnout: all 72.08% · promoters 99.95% · institutions 89.12% · other public 18.15%

  4. Resolution : 4. To declare final dividend on Equity Shares of the Company for the financial year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.09% · promoters 99.95% · institutions 89.17% · other public 18.15%

  5. Resolution : 5. To ratify the remuneration of Cost Auditor for the financial year 2023-24
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 72.08% · promoters 99.95% · institutions 89.12% · other public 18.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 May 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. To consider and approve the NLSL- Employee Stock Option Plan 2024
    Special
    91.36% for8.64% against

    Against: promoters 0.00% · institutions 20.42% · other public 0.12%

    Turnout: all 69.02% · promoters 99.95% · institutions 80.95% · other public 17.88%

  2. To approve the extension of NLSL- Employee Stock Option Plan 2024 and grant of Employees Stock Options to the Employees of holding/subsidiary and/ or associate companies of the Company.
    Special
    88.38% for11.62% against

    Against: promoters 0.00% · institutions 27.46% · other public 0.24%

    Turnout: all 69.02% · promoters 99.95% · institutions 80.95% · other public 17.88%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2023, 2 resolutions

Present: 11 promoters and 167 others.The company's voting result (opens in a new tab)

  1. Adoption of : n(a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023 and the Reports of the Board of Directors and Auditors thereon; and n(b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 and the Reports of Auditors thereon.MoreLess
    Ordinary
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.49% · other public 0.01%

    Turnout: all 66.63% · promoters 99.95% · institutions 75.90% · other public 17.86%

  2. Appointment of Mr. Sapnesh Kumar Lalla (DIN: 06808242) as a Director, who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 0.62% · other public 0.03%

    Turnout: all 66.84% · promoters 99.95% · institutions 76.50% · other public 17.86%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 9 Sep 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider and adopt: a) the audited standalone financial statements of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon; and b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2026, and the report of the Auditors thereon.MoreLess
    2 for0 against
  • To declare dividend on Equity Shares of the Company for the financial year ended March 31, 2026
    2 for0 against
  • To appoint Mr. Rajendra Singh Pawar (DIN: 00042516), as a director, who retires by rotation and being eligible, offers himself for re-appointment.
    2 for0 against
  • To appoint Mr. Vijay Kumar Thadani (DIN: 00042527), as a director, who retires by rotation and being eligible, offers himself for re-appointment.
    2 for0 against
  • To ratify the remuneration of Cost Auditors for the financial year 2025-26.
    2 for0 against
  • To approve continuation of directorship of Mr. Rajendra Singh Pawar (DIN: 00042516), Non‑Executive, Non‑ Independent Director and Chairman of the Company, who has attained the age of seventy five years.MoreLess
    2 for0 against
  • To approve the payment of remuneration to Mr. Vijay Kumar Thadani (DIN: 00042527), Vice-Chairman & Managing Director of the Company, for the remaining period of tenure, in the event of absence or inadequacy of profits.MoreLess
    2 for0 against
  • To approve the payment of remuneration to Mr. Sapnesh Kumar Lalla (DIN: 06808242), Executive Director & Chief Executive Officer of the Company, for the remaining period of tenure, in the event of absence or inadequacy of profitsMoreLess
    2 for0 against
  • To approve the payment of remuneration to Non-Executive Directors of the Company in the event of absence or inadequacy of profits.
    2 for0 against

Mutual fund votes, meeting of 24 Sep 2025, 6 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt: a) the audited standalone financial statements of the Company for the financial year ended March 31, 2025, and the reports of the Board of Directors and Auditors thereon; and b) the audited consolidated financial statements of the Company for the financial year ended March 31, 2025, and the report of the Auditors thereon.MoreLess
    6 for0 against
  • To appoint Mr. Sapnesh Kumar Lalla (DIN: 06808242) as a director, who retires by rotation and being eligible, offers himself for re-appointment.
    6 for0 against
  • To appoint Ms. Leher Vijay Thadani (DIN: 03477205) as a director, who retires by rotation and being eligible, offers herself for re-appointment.
    6 for0 against
  • To declare dividend on Equity Shares of the Company for the financial year ended March 31, 2025.
    6 for0 against
  • To ratify the remuneration of Cost Auditors for the financial year 2024-25.
    6 for0 against
  • To appoint Secretarial Auditors of the Company for a term of five (5) consecutive financial years commencing from April 1, 2025 till March 31, 2030.
    5 for0 against
  • To approve the payment of remuneration to Mr. Rajendra Singh Pawar, Non-Executive Director and Chairman of the Company.
    6 for0 against
1 proposal not matched to one resolution
  • Approve PI & Associates as Secretarial Auditors and Authorize Board to Fix Their Remuneration
    1 for0 against
3 earlier meetings

Mutual fund votes, meeting of 24 Sep 2024, 8 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Resolution : 1. To receive, consider and adopt:na) the audited standalone financial statements of the Company for the financial year ended March 31, 2024 and the Reports of the Board of Directors and Auditors thereon; and nnb) the audited consolidated financial statements of the Company for the financial year ended March 31, 2024 and the report of the Auditors thereon.MoreLess
    7 for0 against
  • Resolution : 2. To appoint Mr. Rajendra Singh Pawar (DIN: 00042516) as a director, who retires by rotation and being eligible, offers himself for re-appointment.
    8 for0 against
  • Resolution : 3. To appoint Mr. Vijay Kumar Thadani (DIN: 00042527) as a director, who retires by rotation and being eligible, offers himself for re-appointment.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: Holding 2 full-time positions.
    5 for3 against
  • Resolution : 4. To declare final dividend on Equity Shares of the Company for the financial year ended March 31, 2024.
    8 for0 against
  • Resolution : 5. To ratify the remuneration of Cost Auditor for the financial year 2023-24
    8 for0 against
1 proposal not matched to one resolution
  • Accept Financial Statements and Statutory Reports
    1 for0 against

Mutual fund votes, meeting of 10 May 2024, 8 fund houses

  • To consider and approve the NLSL- Employee Stock Option Plan 2024
    8 for0 against
  • To approve the extension of NLSL- Employee Stock Option Plan 2024 and grant of Employees Stock Options to the Employees of holding/subsidiary and/ or associate companies of the Company.
    Against Sundaram Mutual Fund
    • Sundaram Mutual FundThrough resolution #2, the company seeks approval to extend the benefits of the scheme to employees of holding company and present and future subsidiaries and associate companies. We recognise the company currently has no holding and associate company and the company is seeking an enabling approval. However, we do not support extension of ESOP schemes to employees of group companies except to employees of unlisted subsidiaries. Thus, we do not support the resolution.
    7 for1 against

Mutual fund votes, meeting of 27 Sep 2023, 4 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Adoption of : n(a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023 and the Reports of the Board of Directors and Auditors thereon; and n(b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 and the Reports of Auditors thereon.MoreLess
    3 for0 against
  • Appointment of Mr. Sapnesh Kumar Lalla (DIN: 06808242) as a Director, who retires by rotation and being eligible, offers himself for re-appointment.
    4 for0 against
2 proposals not matched to one resolution
  • Accept Consolidated Financial Statements and Statutory Reports
    1 for0 against
  • Accept Standalone Financial Statements and Statutory Reports
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.