Zee Learn Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.'.
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Zee Learn Limited's Board has approved filing an application under Section 248(2) of the Companies Act, 2013 to strike off its wholly owned subsidiary, Academia Edificio Private Limited. This subsidiary has not commenced any business operations since its incorporation and is not a material subsidiary. For FY 2024-25, the subsidiary contributed nil revenue and had a negative net worth of Rs. 18.38 lakh (representing 0% on a standalone basis). The company has clarified that this action will have no material impact on its operations or financial position. The decision was taken via a circulation resolution dated March 18, 2026.
This is a routine housekeeping exercise to remove a dormant, non-operating subsidiary from the books. Shareholders are unlikely to see any meaningful effect on the stock price or financials, as the subsidiary contributed nothing to revenue and had negligible negative net worth.