Ascensive Educare Ltd

Ascensive Educare Limited trading window closed from 01 October 2026 till 48 hours after the declaration of unaudited financial results for the half-year ended 30 September 2026.

AGM Details

• Date and time: 25-09-2026, 11:00–11:25 AM, physical at corporate office.
• Record date: 18-09-2026; shareholders on record: 198.
• Promoters present: 6; public attendees: 0; meeting held at corporate office.

Resolutions and outcomes

• Ordinary: Adoption of financial statements — passed; 100% in favour.
• Ordinary: Re-appoint Sayani Chatterjee as director (retiring by rotation) — passed.
• Ordinary: Re-appoint M/s Goyal Goyal & Co as Statutory Auditors; remuneration fixed — passed.
• Ordinary: Alteration in Main Object Clause of MOA — passed.

Director changes

• Re-appointed Sayani Chatterjee as director (rotation).

Auditor appointments

• Re-appointed M/s Goyal Goyal & Co as Statutory Auditors; remuneration fixed.

MOA alteration

• Alteration in Main Object Clause of Memorandum approved.

AGM Details

• AGM held on 25 September 2026 from 11:00 AM to 11:25 AM.
• Mode: physical at Corporate Office, BF 32, 2nd Floor, Salt Lake Sector 1, Kolkata.
• Quorum confirmed; meeting chaired by Whole Time Director & CEO Abhijit Chatterjee.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of financial statements for year ended 31 March 2026.
• Resolution 2 (Ordinary): Re-appointment of Mrs. Sayani Chatterjee by rotation.
• Resolution 3 (Special): Alteration in Main Object Clause of MOA.
• Resolution 4 (Ordinary): Re-appoint statutory auditors; remuneration to be fixed.

Voting & Results

• Results not disclosed in filing; to be announced within 48 hours.
• Poll process concluded; results to be posted on company and BSE sites.
• Scrutinizer appointed for e-voting and poll voting.

Dividend

• No dividend information disclosed.

Director Changes

• Sayani Chatterjee to be re-appointed; retires by rotation.

Auditor Appointments

• Statutory auditor: Re-appoint M/s Goyal Goyal & Co; remuneration to be fixed.

Material Related Party Transactions

• No material related party transactions disclosed.

AGM Details

• AGM on 25 Sep 2026 at 11:00 IST, Kolkata (physical).
• Remote e-voting from 22 Sep 2026 09:00 to 24 Sep 2026 17:00 IST.
• Poll voting available at the AGM.
• Record date/cut-off: 18 Sep 2026.

Key Resolutions

• Adopt financial statements for the year ended 2026.
• Re-appoint director retiring by rotation.
• Alter MOA to insert HR services Sub-Clause 5.
• Re-appoint auditors for four years; remuneration fixed by Board.

Voting Results

• Voting results not disclosed in this addendum.

Dividend

• Dividend details not disclosed in the notice/addendum.

Director Changes

• Director to be re-appointed (retires by rotation); term not specified.

Auditor Appointments

• Statutory Auditors proposed to be re-appointed for four years; remuneration fixed by Board.

Material Related Party Transactions

• Material RPTs not disclosed in addendum.

Other Material Approvals

• Alter MOA main object to add Sub-Clause 5 for HR services.

Order details

• Awarding entity: Shabari Adivasi Vitta Va Vikas Mahamandal Maryadit, Nashik (Shabari Mahamandal).
• Nature and scope: Residential skill-development training for up to 1,700 Scheduled Tribe youth in Maharashtra.
• Contract value: INR 10,58,26,250; taxes not specified.
• Execution period: as per project period in the Memorandum of Understanding.
• Terms: training conducted at approved centres for approved job roles; subject to milestones and verification.
• Related party: promoter group not interested; no related party transaction.
• Material impact: potential expansion of order book and presence in skill-development sector.

Financials

• Revenue from operations: ₹5,869.21 Lakhs.
• Total income: ₹5,905.61 Lakhs.
• Net profit after tax: ₹341.24 Lakhs.
• Profit before tax: ₹481.36 Lakhs.
• EPS (Basic/Diluted): ₹0.74.
• Revenue growth YoY: 66.05%.
• Net profit growth YoY: 30.78%.
• Dividend not declared for FY2025-26.
• Return on equity: 20%.
• Debt-equity ratio: 0.41.
• Debt service coverage ratio: 0.92.
• Cash and cash equivalents: ₹715.38 Lakhs.

Major projects & partnerships

• THSC Mission Shakti facility management: 6,016 beneficiaries trained.
• MSSDS Meghalaya: 2,005 candidates; value ₹5,56,99,875.
• Geographic partnerships across West Bengal, Odisha, Jharkhand, Assam, Maharashtra, Rajasthan, Tripura.
• Programmes covered Beauty & Wellness, Food Processing, Tourism & Hospitality, Construction.
• Also implemented PMKVY, NATS, RGSA, PMFME programs.

Governance & Board

• Board as of 31.03.2026: six directors including MD Sayani Chatterjee and Chairman Abhijit Chatterjee.
• Changes: Priyadarshini Dey ceased Aug 22, 2025; new directors on 02/09/2025 and 03/09/2025.
• Audit Committee: Akshat Ketankumar Shah (Chair), Tanmoy Bhattacharyea, Ravi Surendrakumar Arora; three meetings.
• NRC met once on 02/09/2025; members include Akshat Shah and Tanmoy Bhattacharyea.
• Stakeholder Relationship Committee met once; chaired by Tanmoy Bhattacharyea.
• Special Resolution to alter MOA Main Object Clause proposed for HR services in ecommerce.
• 14th AGM scheduled for 25 Sep 2026 at Kolkata corporate office.
• SME-listed status affords governance exemptions; corporate governance report not included.

Related party transactions

• All related party transactions are at arm's length and in ordinary course.
• Audit Committee approves related party transactions under Section 188.
• CEO admin expense ₹30.25 L; MD remuneration ₹3.00 L; relatives ₹2.92 L.
• Ascensive HR Consultants Pvt Ltd: ₹2,04,84,555; Ascensive Edu Skill Foundation: ₹4,47,590.
• Awesome Empowerment Association: ₹61,00,000.

Capital structure & liquidity

• Authorized share capital ₹49.25 Cr; 4,92,50,000 equity; 75,000 preference.
• Paid-up equity ₹4.585116 Cr; no capital changes this year.
• Short-term borrowings ₹652.47 Lakhs; long-term borrowings ₹116.43 Lakhs.
• Total borrowings around ₹768.90 Lakhs.
• Cash and cash equivalents ₹715.38 Lakhs.
• Reserves: Retained earnings ₹974.74 Lakhs; Security premium ₹158.11 Lakhs.
• Inter-corporate borrowings accepted during year.

Audit & internal controls

• Statutory auditor: Goyal Goyal & Co.; five-year term from 9th AGM to 14th AGM.
• Secretarial auditor: HM & Associates; Annexure-A.
• Internal controls robust; internal audit reports to Audit Committee.
• Auditors' report notes TDS ₹4,18,990 and CGST/SGST ₹84,89,910 disputed.
• No cost audit; whistle-blower/vigil mechanism in place.

Outlook & risks

• Risk management policy identified; board reviews risks periodically.
• Outlook positive; expected revenue and market share growth.
• Upskilling opportunities in AI, data science, cybersecurity.
• Risks include distance learning effectiveness and policy changes.

CSR & compliance

• CSR not applicable under Section 135 given net worth, turnover, profit.
• Sexual harassment complaints: nil.
• Maternity benefits: 21 women; 1 eligible; 1 availed.
• SCORES complaints: none in 2025-26.

AGM Details

• AGM date/time: 25 Sep 2026 at 11:00 IST.
• Mode: Physical on-site meeting.
• Venue: BF-32, 2nd Floor, Salt Lake Sec-1, Kolkata 700064.
• Cut-off date for e-voting: 18 September 2026.
• Notice date: 2 September 2026.

Key Resolutions

• Ordinary: Adoption of FY2025-26 financials; Board and Auditor reports. Status: results not disclosed.
• Ordinary: Re-appointment of Sayani Chatterjee (DIN: 06439804) retiring by rotation. Status: results not disclosed.
• Special: Alter MOA Main Object Clause to insert new Sub-Clause 5 for HR management services.

Key Decisions

• Altered Main Object Clause to enable end-to-end HR and workforce management services, subject to approvals.
• Approved Board's Report and MD&A for the Financial Year 2025-2026.
• Fixed 14th AGM on 25 September 2026 at 11:00 AM in Kolkata.
• Cut-off date for dispatch of Notice and Annual Report: 28 August 2026.
• E-voting window: cut-off 18 September 2026; voting from 22–24 September 2026.
• Appointed Scrutinizer: FCS Himanshu S. Gupta for remote and poll voting.
• Notice of the 14th AGM approved.
• 14th Annual Report approved.

Award details

• Award conferred under 'Best Institute for Promoting Industry Academia Linkage' at EduMeet 2026.
• Organised by ASSOCHAM; recognition date August 24, 2026 in Kolkata.
• Recognises operations excellence and contribution to industry-academia linkages in education.