ZEE LEARN LIMITED

Runs education services, staffing and training, and education-related construction and leasing in India. Educational services is the dominant line at 71.2% of segment revenue with a 25.2% EBIT margin, while training and manpower contributes 23.9% with near-zero margins, and construction and leasing for education is 4.9% and loss-making. Total FY26 segment revenue stood at Rs 439.06 crore with consolidated net profit of Rs 38.53 crore. The largest input cost is people, with employee expenses at 37.2% of revenue, followed by other operating expenses at 21.7% and depreciation at 10.0%. The board has approved the sale of Liberium Global Resources, the staffing subsidiary that accounted for about 24% of FY26 revenue, to Creantum Security, subject to shareholder approval. The auditor flagged material going-concern uncertainty tied to invoked corporate guarantees totalling about Rs 81,000 lakhs (Rs 66,746 lakhs with ACRE and Rs 14,578 lakhs with Axis Bank), and another subsidiary DVPL was admitted under CIRP at NCLT in November 2024.