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Showing 10 of 20 filings.
14 Aug 2026 1 filing
RP actions and AGM/financial update
Resolution Professional Arihant Nenawati approved five matters on 14 August 2026.
Board powers remain suspended; no Board meetings during CIRP.
AGM notice for 20th AGM on 22 September 2026 via VC/OVAM.
Re-appointment of Vipin Choudhary as Non-Executive Director proposed for AGM.
Register of members and share transfer books to remain closed 16–22 September 2026.
Limited Review for quarter ended 30 June 2026 not yet completed.
17 Jul 2026 1 filing
Operational and CIRP update
Adverse conditions causing material operational challenges, including mass resignations of faculty and support staff.
Lower-than-expected student enrolment/rollover impacting topline and creating financial stress.
Several enrolments discontinued as students explore transfers to other coaching institutes.
Company states it will inform stock exchanges of any further material developments.
CIRP initiated under NCLT order dated 16 December 2022; interim RP appointed, CoC formed on 21-08-2023.
22 January 2024: Arihant Nenawati appointed as New Resolution Professional.
13 Jul 2026 1 filing
Dematerialisation/Rematerialisation status
Dematerialisation requests were confirmed to depositories as accepted or rejected.
Securities dematerialised have been listed on the exchanges where the existing securities are listed.
Certificates received for dematerialisation were mutilated and cancelled after verification; depository’s name substituted as registered owner.
3 Jul 2026 1 filing
Defaults and CIRP status
Default disclosure on interest and principal payments on bank loans under SEBI CIRP.
Total outstanding borrowings: INR 32.33 crore; no amount of default disclosed.
Total financial indebtedness: INR 32.33 crore.
No unlisted debt securities outstanding; no defaults disclosed there.
Axis Bank/Lender: Sri Gayatri Education Society; guarantee ₹7.3 crore secured.
Lakshya Forum for Competitions Pvt Ltd guarantee ₹16.69 crore secured.
Total secured guarantee exposure: ₹23.99 crore.
Loans re-assigned from Assets Care & Reconstruction to Prudent ARC Limited on 11 Aug 2023.
SVC Bank claim ₹49.72 crore on Labh Ventures guarantee; not invoked; NCLT dismissal; awaiting NCLAT decision.
CIRP status: initiated 16 Dec 2022; Arihant Nenawati appointed Jan 2024; CoC formed Aug 2023.