Outcome of the Board Meeting held on 28th May, 2026
MTEDUCARE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MT Educare Ltd held a board meeting on May 28, 2026, under the chairmanship of Resolution Professional (RP) Mr. Arihant Nenawati. The company, under Corporate Insolvency Resolution Process (CIRP) since December 16, 2022, took on record its audited standalone and consolidated financial results for Q4 and full year ended March 31, 2026. Standalone figures show total income of Rs. 1,494.44 lakhs (down from Rs. 2,545.91 lakhs) and net loss of Rs. 616.06 lakhs. Consolidated figures show total income of Rs. 4,045.99 lakhs and net loss of Rs. 312.86 lakhs. Auditors MGB & Co. LLP issued a Disclaimer of Opinion citing multiple material uncertainties including unreconciled creditor claims, questionable deferred tax assets of Rs. 6,160.46 lakhs, unaccounted interest income of Rs. 5,990.71 lakhs, and non-recognition of interest expenses on NPA accounts. The company has negative other equity of Rs. 1,984.29 lakhs on standalone basis and negative total equity of Rs. 515.68 lakhs on consolidated basis. The RP has filed for final approval of the resolution plan with NCLT.
The company continues to operate under CIRP with a pending resolution plan before NCLT. The disclaimer of opinion highlights material uncertainties regarding asset valuations, liabilities, and the going concern assumption. Shareholders face extreme risk as the outcome depends entirely on the resolution plan approval and the company has negative net worth on consolidated basis.