Pursunant to the Ragulation 30 of the SEBI (LODR) Regulations, 2015, this is to inform you that company will close the branch office operations of the company and transition to the Franchise ....
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The board approved closing its Bengaluru and Guwahati branch offices and switching those locations to a franchise-based model, effective January 31, 2026. The company clarified these branches contributed less than 1% of total turnover last year, so the closure will not have a material financial impact. A new branch office is being opened in Andheri East, Mumbai, operational from February 4, 2026. Additionally, a new operational centre with around 50 seats, built using IPO funds, is expected to become operational within 15 days. The board also approved an academic tie-up with Vishvakarma Skill University, Jaipur to offer university-approved skill-based and academic programmes, with no equity participation or capital commitment from the company.
The changes are largely neutral for shareholders — cost optimization through the franchise model, network expansion into Mumbai, and productive deployment of IPO proceeds into infrastructure and an academic partnership could support future revenue, but no immediate material change in financial performance is indicated.