CL Educate Limited has informed the Exchange regarding Appointment of Yatrik Vin as Non- Executive Independent Director of the company w.e.f. August 07, 2025.
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At its meeting on August 7, 2025, CL Educate's Board approved the appointment of Mr. Yatrik Vin (DIN: 07662795), a veteran finance and business leader with 34+ years of experience, as a Non-Executive Independent Director for a 5-year term, subject to shareholder approval. The Board also recommended the re-appointment of Chairman Satya Narayanan R, Vice-Chairman & MD Gautam Puri, and Executive Director & Group CEO Nikhil Mahajan, each for a 3-year term from April 1, 2026 to March 31, 2029. Separately, the company approved the renewal of its ESOP Plan and a grant of up to 35,000 stock options (about 0.06% of paid-up capital) to employees. Q1 FY26 consolidated revenue from operations rose 56% year-on-year to Rs 145.68 crore, driven by the first full quarter post the DEXIT Global (formerly NSEIT) acquisition, with operating EBITDA up 66% to Rs 17.50 crore. However, the company slipped to a consolidated net loss of Rs 3.71 crore (versus a Rs 4.18 crore profit a year ago) due to sharply higher finance costs (Rs 12.76 crore vs Rs 0.72 crore) and depreciation tied to the DEXIT acquisition.
The board changes signal leadership continuity at the top, with all key promoters and executives re-appointed, while adding a seasoned finance professional as an independent director to strengthen governance. For shareholders, strong revenue and EBITDA growth is offset near-term by acquisition-related finance and depreciation costs, which compressed bottom-line profitability this quarter.