The Annual Report for the FY 2024-25 along with the notice of the AGM is being submitted in compliance of Reg 34 of the SEBI (LODR) Regulations.
Awaiting price reaction for this filing.
Educomp Solutions has filed its Annual Report for FY 2024-25 along with the notice for its 31st Annual General Meeting, to be held on March 10, 2026 at 11:30 AM via video conferencing. The cut-off date for e-voting eligibility is March 4, 2026, with remote e-voting open from March 7 to March 9, 2026. Shareholders will vote on adopting the audited financial statements for FY ended March 31, 2025, appointing M/s. GDR & Associates LLP as the new Statutory Auditor for a 5-year term (FY 2025-26 to FY 2029-30) at Rs. 4 lakhs per annum, and appointing M/s Vimal Chadha & Associates as Secretarial Auditor for 5 years at Rs. 20,000. The filing is signed by Mahender Khandelwal in his capacity as Caretaker Resolution Professional, as the company remains under the Insolvency and Bankruptcy Code with the October 2023-approved resolution plan of Ebix Singapore Pte Ltd still unimplemented and contempt proceedings pending against the resolution applicant.
Shareholders should participate in the e-voting window (March 7-9) on the auditor appointments and financial statements. The company continues to operate under IBC oversight with the Ebix Singapore resolution plan still pending implementation and contempt proceedings against the resolution applicant ongoing, which keeps the stock in an uncertain and distressed status.