Navneet Education Limited

Navneet Education Ltd has disclosed receiving a summons from the State Tax Officer-cum-Proper Officer, Mohali-II, under the Central Goods and Services Tax Act, 2017. The summons relates to an inquiry concerning Input Tax Credit (ITC) and a closing balance of ₹81,93,942/- in the Electronic Credit Ledger. The company's authorized representative is required to appear on July 16, 2026, to provide evidence and documents. Navneet Education stated it is cooperating fully and currently sees no ascertainable financial impact or material operational disruption, as no demand, penalty, or adverse order has been issued.

Navneet Education Ltd has announced the closure of its trading window for designated persons, effective July 1, 2026. This measure is in compliance with SEBI (Prevention of Insider Trading Regulations), 2015. The window will reopen 48 hours after the company declares its un-audited standalone and consolidated financial results for the quarter ending June 30, 2026. The date of the board meeting to approve these results will be communicated separately. This action is a standard procedure to prevent potential insider trading during the sensitive period leading up to financial result announcements.

The Board of Directors of Navneet Education Ltd has recommended an interim dividend of ₹1.50 per equity share (75%) with a face value of ₹2 each for the financial year 2025-26. The record date for determining shareholders eligible for the dividend is set as Wednesday, June 3, 2026. The dividend was declared at the board meeting held on Thursday, May 21, 2026.

Navneet Education Ltd. announced its financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the standalone and consolidated unaudited financial results for the quarter and the audited results for the financial year. A second interim dividend of ₹1.50 (75%) per equity share with a face value of ₹2 each for FY26 was declared, payable on or before June 19, 2026, with a record date of June 3, 2026. The audit was conducted by M/s N. A. Shah Associates LLP.

Navneet Education Ltd's board approved standalone and consolidated audited financial results for the year ended March 31, 2026, and unaudited results for the quarter ended March 31, 2026. The board also declared a second interim dividend of ₹1.50 (75%) per equity share with a face value of ₹2 for FY 2025-26, payable on or before June 19, 2026. The record date for the dividend is June 3, 2026.

Navneet Education Ltd has scheduled a Board of Directors meeting on May 21, 2026, to consider and approve the standalone and consolidated unaudited financial results for the quarter ended March 31, 2026, and the standalone and consolidated audited financial results for the financial year ended March 31, 2026. The board will also consider the declaration of a second interim dividend, if any, on the equity shares for the financial year 2025-26. The trading window is closed from April 1, 2026, until 48 hours after the board meeting outcome is announced.

Navneet Education Ltd. announced a court-convened meeting of equity shareholders on June 15, 2026, via video conferencing, to consider and approve the proposed Composite Scheme of Arrangement between Indiannica Learning Private Limited and Navneet Education Limited. The notice and related annexures are available on the company's website and NSDL's website. Remote e-voting details are also provided.

Navneet Education Ltd has announced the closure of the trading window for dealing in shares of the company by the Designated Persons, effective from 1st April, 2026. The trading window will reopen 48 hours after the announcement/declaration of the un-audited standalone and consolidated financial statement for the quarter ending 31st March, 2026 and annual audited standalone and consolidated financial statement for the financial year ending 31st March, 2026. The date of the board meeting for the aforesaid purpose will be intimated separately.

Navneet Education Ltd has received an Assessment Order under Section 143(3) read with Section 144B of the Income Tax Act, 1961 for the Assessment Year 2024-25. The order does not include any additions or disallowances, but there has been a tax demand of ₹5,67,29,210 due to calculation errors made by the Income Tax Department. The Company received the order on 6th March 2026 and will take corrective action as per the Income-tax Act, 1961, as the demand is wrongly raised and rectifiable/appealable.

Navneet Education Ltd has incorporated a wholly owned subsidiary named 'Navneet Global FZE' in UAE, following the approval from the Government of Fujairah, Fujairah Free Zone Authority. The Certificate of Incorporation has been issued by the UAE authorities. The necessary details have already been submitted to the stock exchanges on 16th December, 2025, as required under various regulations and circulars.