CL Educate Limited has announced the resignation of a key senior management personnel, marking a significant leadership transition within the organization. The company has formally disclosed this development to stock exchanges in compliance with regulatory requirements.

Senior Management Departure

Mr. Alok Mehta, who served as President-CHEX (Centre of Higher Education Transformation) & Placements and Group CHRO (Chief Human Resource Officer), has tendered his resignation from the company. The resignation was submitted on March 31, 2026, with an effective date of May 31, 2026.

Regulatory Compliance

The company has made the disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made in accordance with Clause 7(C) of Part A of Schedule III of SEBI LODR, along with compliance to recent SEBI circulars dated July 13, 2023, and November 11, 2024.

Key Responsibilities and Contributions

In his resignation communication, Mehta acknowledged his role in the design and development of TalEvate, expressing gratitude for being entrusted with this product development initiative. His dual role encompassed both educational transformation initiatives through CHEX and human resource leadership across the group.

Formal Documentation

The company has provided comprehensive documentation including:

• Formal resignation letter from Mr. Alok Mehta
• Regulatory disclosure annexure with required details
• Compliance certification by Company Secretary Rachna Sharma

The disclosure has been made available on the company's official website at www.cleducate.com , ensuring transparency for all stakeholders. Company Secretary and Compliance Officer Rachna Sharma has certified the documentation, confirming adherence to all regulatory requirements for senior management personnel changes.

CL Educate Limited has received a significant Income Tax demand of Rs 4.85 crores from tax authorities for alleged Tax Deducted at Source (TDS) defaults during Financial Year 2019-20. The company disclosed this development through a regulatory filing under SEBI's disclosure requirements.

Income Tax Order Details

The Deputy Commissioner of Income Tax, Circle-75(1), Delhi issued the order dated March 30, 2026, under Section 201(1)/201(1A) of the Income Tax Act, 1961. The order pertains to Financial Year 2019-20 (Assessment Year 2020-21) and raises concerns about alleged TDS compliance issues.

Alleged Violations

The tax authorities have identified three main areas of alleged TDS defaults:

• Provision-related TDS: Default in deduction of TDS on provisions for expenses created as of March 31, 2020, where actual bills were received and TDS was deducted/deposited in the subsequent FY 2020-21
• Salary payments: Issues related to TDS deduction on salary payments to certain employees under Section 192 of the Income Tax Act, 1961
• Incorrect TDS sections: Alleged short deduction of TDS on certain payments where the company applied Section 194J instead of Section 192

Company's Response and Impact

CL Educate has expressed confidence in its position, stating it believes there is a strong case on merits. The company plans to file an appeal before the appropriate appellate authority to contest the order.

The matter will be disclosed as a contingent liability in the company's financial statements for the relevant period. Despite the substantial demand amount, CL Educate does not anticipate any material adverse impact on its business operations as a result of this order.