Pursuant to Regulation 34(1) of SEBI (LODR) Regulations, 2015, we are enclosing herewith the copy of Annual Report for the financial year 2024-25.
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Ironwood Education Limited has submitted its Annual Report for FY 2024-25 to BSE along with the notice for its 42nd Annual General Meeting scheduled for September 16, 2025 via video conferencing. The AGM notice includes several important proposals: alteration of the company's objects clause to add real estate, construction, infrastructure, and project financing businesses — a significant diversification from its core education focus. Other key items include appointment of Mr. Vijayshankar Tripathi as Executive Director for 5 years (without remuneration), appointment of new Secretarial Auditors for FY 2025-26 to 2029-30, increase in borrowing limits to Rs. 250 crore, and approval for multiple material related party transactions totalling over Rs. 68 crore with promoter entities and subsidiaries.
Shareholders should note the proposed shift into real estate and infrastructure as new business areas, which represents a major strategic change from the company's education roots. The increased borrowing limit (Rs. 250 crore) signals appetite for debt-funded expansion, while the large number of related party transactions (with promoters and promoter-linked entities) warrants close review for arm's length pricing and conflicts of interest. Voting outcomes at the September 16 AGM will determine the company's future direction.