MT Educare Ltd

MT Educare Limited, under corporate insolvency resolution process, submitted a certificate to the BSE Limited and National Stock Exchange of India Limited on October 13, 2026, confirming compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate, dated October 3, 2026, was provided by MUFG Intime India Private Limited, formerly Link Intime India Private Limited, acting as the company’s Registrar and Share Transfer Agent.

MT Educare Limited disclosed a default on repayment of principal and interest to banks and financial institutions, including Prudence ARC and Axis Bank, as of September 30, 2026. The total amount of outstanding borrowings is Rs 32.33 crore, comprising Rs 16.44 crore from Prudence ARC, Rs 7.65 crore from Axis Bank, and includes corporate guarantees of Rs 7.3 crore to Axis Bank and Rs 16.69 crore to Prudence ARC. The company is currently under Corporate Insolvency Resolution Process since December 16, 2022, following an order from the National Company Law Tribunal.

MT Educare Limited informed the BSE Limited and National Stock Exchange of India that the trading window for its securities will be closed for all designated employees, directors, and key managerial personnel from October 1, 2026, until the second trading day after the announcement of the company’s unaudited financial results for the second quarter and six months ending September 30, 2026.

MT Educare Limited disclosed a default on repayment of principal and interest to banks and financial institutions, including Prudence ARC and Axis Bank, as of August 31, 2026. The total amount of outstanding borrowings is Rs 32.33 crore, comprising Rs 16.44 crore of principal and Rs 3.75 crore of interest owed to Prudence ARC, and Rs 7.65 crore of principal and Rs 4.51 crore of interest owed to Axis Bank. The company is currently under Corporate Insolvency Resolution Process since December 16, 2022, and also faces corporate guarantee obligations of Rs 7.3 crore to Axis Bank and Rs 16.69 crore to Prudence ARC related to Sri Gayatri Education Society and Lakshya Forum for Competitions Private Limited, respectively.

MT Educare Limited announced that Mr. Arihant Nenawati, the Resolution Professional of the company, has approved the postponement of the 20th Annual General Meeting from September 22, 2026, to September 30, 2026, and the closure of the register of members and share transfer from September 16, 2026, to September 22, 2026, to September 24, 2026, to September 30, 2026.

MT Educare Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, announced that Resolution Professional Mr. Arihant Nenawati approved several matters on August 14, 2026, including the Directors Responsibility Statement for the year ended March 31, 2026, the Notice for the 20th Annual General Meeting scheduled for September 22, 2026, the re-appointment of Non-Executive Director Mr. Vipin Choudhary, the appointment of a scrutinizer for the AGM, and the closure of the register of members from September 16 to September 22, 2026. The company also stated that it continues to face constraints in its finance and accounting functions, resulting in a delay in finalizing the financial results for the quarter ended June 30, 2026.

MT Educare Limited disclosed a default on repayment of principal and interest for loans from banks and financial institutions, including ECBs, totaling Rs 32.33 crore as of June 30, 2026. The defaults relate to term loans, overdraft, and corporate guarantees from Axis Bank Limited and Prudence ARC, with outstanding amounts of Rs 7.16 crore and Rs 20.19 crore respectively, along with interest. The company, which has been under Corporate Insolvency Resolution Process since December 16, 2022, also faces corporate guarantee obligations of Rs 7.3 crore to Axis Bank Limited and Rs 16.69 crore to Prudence ARC, related to Sri Gayatri Education Society and Lakshya Forum for Competitions Private Limited.

MT Educare will hold a meeting of the Board of Directors of the Company on 28 May 2026.

MT Educare has postponed the meeting of the Board of Directors which was scheduled to be held on 11 February 2026. The meeting will now be held on 14 February 2026.Powered by Capital Market - Live

MT Educare will hold a meeting of the Board of Directors of the Company on 11 February 2026.Powered by Capital Market - Live