MT Educare Limited has informed the Exchange that Record date for the purpose of Meeting is 18-Sep-2025.
MTEDUCARE · price
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MT Educare, currently under Corporate Insolvency Resolution Process (CIRP) since December 16, 2022 with Mr. Arihant Nenawati as Resolution Professional, held a Board meeting on August 13, 2025. The Board took on record unaudited Q1 FY2025-26 (ended June 30, 2025) standalone and consolidated results. Standalone revenue from operations fell to Rs. 378.58 lakhs from Rs. 616.83 lakhs in Q1 FY25, with a net loss of Rs. 190.38 lakhs; consolidated revenue dropped to Rs. 690.50 lakhs with a much larger net loss of Rs. 1,368.03 lakhs. The 19th AGM is fixed for September 24, 2025 via video conferencing, with the record date and book closure set for September 18, 2025. The Board also approved re-appointment of Mr. Surender Singh as Non-Executive Director, and re-appointed MGB & Co. LLP as statutory auditor, Joshi Apte & Associates as cost auditor, BDO India LLP as internal auditor, and Shravan Gupta & Associates as secretarial auditor (subject to shareholder approval). The statutory auditors issued a 'Disclaimer of Conclusion' on both standalone and consolidated results, citing inability to verify claims, asset carrying values, deferred tax assets, going concern assumptions, and other material matters tied to the ongoing CIRP.
Shareholders should note this is a company in active insolvency, and the auditors have refused to conclude on the financial results due to multiple uncertainties. Revenue is sharply down year-on-year, losses persist, and the final resolution plan awaits NCLT approval, meaning equity holders face significant risk and dilution/loss of value remains a real possibility.