MT EDUCARE LTD.

MT Educare Ltd has disclosed defaults in repayment of principal and interest amounts to Prudence ARC and Axis Bank, totaling ₹32.33 crore. The defaults, ongoing since March 2021, include term loans, overdrafts, and corporate guarantees. As of May 29, 2026, the outstanding amount includes ₹16.44 crore principal and ₹3.75 crore interest to Prudence ARC, and ₹7.65 crore principal and ₹4.51 crore interest to Axis Bank. The company is currently undergoing Corporate Insolvency Resolution Process since December 16, 2022.

MT Educare Limited, currently under Corporate Insolvency Resolution Process (CIRP) since December 16, 2022, held a Board Meeting on May 28, 2026. Chaired by the Resolution Professional (RP), Mr. Arihant Nenawati, the board took on record the Audited Standalone and Consolidated Financial Results for the fourth quarter and full financial year ended March 31, 2026. The meeting also noted the Audited Balance Sheet and Statement of Profit & Loss for FY2025-26. A statement detailing the impact of audit qualifications (modified opinion) on the financial results was also recorded. For Q4 FY26, revenue from operations stood at ₹285.54 Lakhs, and for the full FY26, it was ₹1,196.82 Lakhs.

MT Educare Ltd has scheduled a Board of Directors meeting on May 28, 2026, to consider and approve the audited financial results on a standalone and consolidated basis for the fourth quarter and financial year ended March 31, 2026. The trading window, which is currently closed, will reopen 48 hours after the declaration of the financial results.

MT Educare Ltd has disclosed defaults on principal and interest payments for loans from Prudence ARC and Axis Bank, with total outstanding borrowings from banks/financial institutions amounting to ₹32.33 crore. The defaults, which began in March 2021, involve term loans, overdrafts, and invoked corporate guarantees. The company has been under Corporate Insolvency Resolution Process (CIRP) since December 16, 2022, following an NCLT order. Claims from secured financial creditors are currently being verified, and a significant claim from Shamrao Vithal Co-op Bank Ltd for a corporate guarantee was rejected by the NCLT, with an appeal pending in NCLAT.

MT Educare Ltd, in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, has disclosed its Structured Digital Database (SDD) for the quarter ended 31st March, 2026. Shravan Gupta, Practising Company Secretary, has certified that the company has a proper SDD system in place with control over access, and all Unpublished Price Sensitive Information (UPSI) from the previous quarter has been captured. The system maintains an audit trail, is non-tamperable, and has the capability to maintain records for 8 years. One required event was captured during the quarter.

MT Educare Ltd. has disclosed a quarterly default for the period ended 31st March, 2026, in compliance with SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140. The default is attributed to disruptions in the education sector due to the COVID-19 pandemic and subsequent challenges. The default amounts to INR 32.33 crores in loans from banks and financial institutions. There are no defaults in unlisted debt securities. The total financial indebtedness of the company, including short-term and long-term debt, also stands at INR 32.33 crores. The default is in accordance with the claim received from Secured Financial Creditors.

MT Educare Limited has disclosed defaults in repayment of principal and interest amounts for loans from Prudence ARC and Axis Bank. The default started from 28th February 2021 and the current default amount is INR 24.09 crores. The loans are secured with a tenure of 2 years and an interest rate of 11.65% for Axis Bank and 13.75% for Prudence ARC. The company is under Corporate Insolvency Resolution Process since 16th December 2022.

MT Educare Ltd has announced the closure of its trading window for the declaration of audited results for the financial year ending on March 31st, 2026. The closure is as per the company's Code of Conduct for Prohibition of Insider Trading and SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will be closed for all designated employees, directors, and key managerial personnel from April 1st, 2026, till the second trading day after the announcement of the financial results to the stock exchanges. All designated persons have been advised not to trade in the securities of the company during this period.

MT Educare Ltd, a company under Corporate Insolvency Resolution Process (CIRP), has recorded its unaudited financial results for the third quarter and nine months ended on December 31, 2025. The affairs, business, and assets of the company have been managed by the Resolution Professional (RP) since December 16, 2022, pursuant to the NCLT Order. The RP, Mr. Arihant Nenawati, chaired the meeting of Directors on February 14, 2026, where the unaudited standalone and consolidated financial results were taken on record. The company has reported a loss for the quarter and nine months ended on December 31, 2025, and the RP has signed the statement in exercise of the powers vested in him.

MT Educare Ltd, a leading education services provider, has announced the postponement of its Board meeting initially scheduled for February 11, 2026. The meeting was intended to approve the unaudited financial results for the quarter ended December 31, 2025. However, due to unavoidable circumstances, the meeting has been rescheduled to February 14, 2026.