The Exchange had sought clarification from MT Educare Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted in XBRL with discrepancies The response of the Company is enclosed.
MTEDUCARE · price
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Awaiting price reaction for this filing.
MT Educare has replied to a clarification sought by stock exchanges regarding discrepancies found in the XBRL filing of its financial results for the quarter ended March 31, 2025, under SEBI's Listing Regulation 33. The company informed the exchanges that the revised XBRL files, which address the discrepancies, have already been submitted. The communication has been signed by Resolution Professional Arihant Nenawati, as the company continues to be under the Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT on December 16, 2022. A Committee of Creditors was constituted on August 21, 2023, and the current Resolution Professional took over from the Interim Resolution Professional in January 2024.
This is a procedural compliance update and not a new business development, so it is unlikely to materially move the stock. Investors should note that the company remains under insolvency resolution, which continues to be the key overhang on the stock.