CL Educate Board Approves Amalgamation of DEXIT Global

CL Educate Limited's Board of Directors has approved a Scheme of Amalgamation where DEXIT Global Limited, a wholly owned subsidiary, will merge into CL Educate. The approval was granted at a board meeting held on October 19, 2026. This amalgamation is subject to approvals from the National Company Law Tribunal and other regulatory authorities. DEXIT Global reported a standalone turnover of INR 223.47 Crores for FY 2025-26, while CL Educate had a standalone turnover of INR 275.28 Crores and a consolidated turnover of INR 548.12 Crores for the same period. The rationale behind the merger includes simplifying the organizational structure, improving operational efficiencies, creating a larger unified entity, unlocking synergies, and enabling more efficient capital utilization. The transaction is exempt from related party transaction rules as DEXIT is a wholly owned subsidiary.