NIIT Ltd

This is in continuation to our letter dated May 24 2023 regarding effectiveness of the Composite Scheme of Arrangement between NIIT Limited and NIIT Learning Systems Limited (Scheme).Please find enclosed communication for the attention of the shareholders of NIIT Limited for apportionment of Cost of Acquisition of Equity Shares of NIIT Limited and NIIT Learning Systems Limited pursuant to the Scheme.This communication is issued as general guidance for the shareholders for computing the proportionate cost of acquisition of the Equity Shares of NIIT Learning Systems Limited vis-à-vis the cost of acquisition of the Original Equity Shares of NIIT Limited for arriving at Capital gains/Loss as per the provisions of the Income Tax Act 1961 upon sale of such Equity Shares. Section 49(2C) & (2D) of the Income Tax Act 1961 provides for the manner of Computation of the Cost of Acquisition of such Equity Shares.