MT EDUCARE LTD.

MT Educare Limited has disclosed a default on repayment of principal and interest for term loans and overdraft facilities amounting to ₹32.33 crore from lenders including Prudence ARC and Axis Bank. The defaults occurred from March 2021 onwards, with the latest default date being July 31st, 2026. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) since December 16th, 2022. Additionally, corporate guarantees invoked against the company for loans to its subsidiaries amount to ₹24.04 crore.

MT Educare Ltd has announced the postponement of its 20th Annual General Meeting (AGM) from September 22, 2026, to September 30, 2026. Consequently, the company has revised its book closure period. The Register of Members and Register of Share Transfer will now remain closed from September 24, 2026, to September 30, 2026, inclusive, for the purpose of the rescheduled AGM. This decision was approved and taken on record by the Resolution Professional, Mr. Arihant Nenawati, in accordance with SEBI (LODR) Regulations, 2015 and the Companies Act, 2013.

MT Educare Ltd has announced the postponement of its 20th Annual General Meeting (AGM) from September 22, 2026, to September 30, 2026. Consequently, the closure of the Register of Members and Register of Share Transfer has also been rescheduled. The books will now remain closed from September 24, 2026, to September 30, 2026, inclusive, for the purpose of the AGM. This decision was approved by the Resolution Professional, Mr. Arihant Nenawati, in accordance with relevant sections of the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.

MT Educare Ltd has issued a record date intimation for its Annual General Meeting (AGM) for FY 2025-2026. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) initiated in December 2022. Due to significant employee attrition and constraints in finance and accounting functions, the finalization and submission of financial results for the quarter ended June 30, 2026, are delayed. The Resolution Professional, Mr. Arihant Nenawati, has approved the Directors' Responsibility Statement, Directors' Report, Corporate Governance Report, and the Notice for the 20th AGM scheduled for September 22, 2026. The re-appointment of Non-Executive Director Mr. Vipin Choudhary is also on the agenda.

MT Educare Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), announced a delay in submitting its financial results for the first quarter of FY27 ended June 30, 2026. The company cited ongoing constraints in finance and accounting functions due to significant employee attrition and limited personnel familiar with financial records. The Resolution Professional (RP), Mr. Arihant Nenawati, has approved several key matters, including the Directors' Responsibility Statement, Directors' Report, Corporate Governance Report, and the notice for the 20th Annual General Meeting (AGM) scheduled for September 22, 2026. The AGM will include the re-appointment of Non-Executive Director Mr. Vipin Choudhary and the closure of the register of members from September 16-22, 2026.

MT Educare Limited has disclosed a default on repayment of principal and interest for term loans and overdraft facilities amounting to ₹32.33 crore. The defaults are with lenders including Prudence ARC and Axis Bank, with the current default amount for principal and interest detailed for each. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) since December 16, 2022. Additionally, corporate guarantees invoked against the company for loans to its subsidiaries are also noted. The disclosure is made pursuant to SEBI (LODR) regulations.

MT Educare Ltd has filed a compliance certificate for its Structured Digital Database (SDD) for the quarter ended June 30, 2026. The certificate, issued by Shravan A. Gupta & Associates, confirms that the company has a compliant SDD in place as per SEBI (Prohibition of Insider Trading) Regulations, 2015. All key aspects of the SDD, including access controls, capture of UPSI, and audit trails, were found to be in order, with a note indicating some delay in recording certain events. The company captured one required event during the quarter.

MT Educare Ltd has disclosed significant operational challenges due to adverse business conditions. These include mass resignations of faculty and support staff, and lower-than-expected student enrollment and rollover. This has adversely impacted the company's topline, leading to financial stress and further employee resignations, challenging academic operations. Consequently, student enrollments have decreased, with students seeking other coaching institutes. The company anticipates an adverse impact on revenue, financial performance, and overall operations. A Corporate Insolvency Resolution Process (CIR Process) was initiated on December 16, 2022, with Mr. Ashwin Bhavanji Shah appointed as Interim Resolution Professional (IRP), later replaced by Mr. Arihant Nenawati as Resolution Professional on January 22, 2024.

MT Educare Ltd has disclosed defaults on loan payments for the quarter ended June 30, 2026. The company reported a total outstanding amount of ₹32.33 crore in loans from banks/financial institutions. The default is attributed to disruptions in the education sector caused by the COVID-19 pandemic and subsequent challenges. The filing also notes invoked corporate guarantees amounting to ₹7.3 crore with Axis Bank Ltd and ₹16.69 crore with Asset Care & Reconstruction Enterprise Limited. The company is undergoing CIRP proceedings, and no changes have occurred in the previously submitted information.

MT Educare Limited has disclosed a default on repayment of principal and interest for term loans and overdraft facilities amounting to ₹32.33 crore from lenders including Prudence ARC and Axis Bank. The defaults have been ongoing since March 2021. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) since December 16, 2022. Additionally, corporate guarantees invoked against the company for loans to Sri Gayatri Education Society and Lakshya Forum for Competitions Private Limited total ₹24.00 crore. The disclosure also mentions a pending appeal by Shamrao Vithal Co-op Bank Ltd regarding a rejected claim of ₹49.72 crore.