Crizac Limited held its 15th Annual General Meeting on September 11, 2026, where shareholders approved the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

The meeting, conducted via video conferencing, commenced at 1:00 pm and concluded at 1:51 pm. Company Secretary and Compliance Officer Kashish Arora confirmed the presence of the requisite quorum and noted that all directors were present.

Board Appointments

Shareholders approved several key board-level resolutions during the special business segment:

• Appointment of Christopher Flood Nagle as a Non-Executive, Non-Independent Director.
• Re-appointment of Anuj Saraswat as an Independent Director for a second term of three consecutive years, from February 14, 2027, to February 13, 2030.
• Re-appointment of Payal Bafna as an Independent Director for a second term of three consecutive years, from March 21, 2027, to March 20, 2030.
• Re-appointment of Manish Agarwal as a Director, who retires by rotation.

Audit and Compliance

The statutory auditor, internal auditor, and secretarial auditor reports contained no qualifications, observations, or adverse remarks. Rakesh Kumar Agrawal, Chairman of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, was present in accordance with regulatory requirements.

Governance Updates

Management informed members that the company will not grant any Employee Stock Options under the Crizac Employee Stock Option Plan 2026 at an exercise price below the face value of the equity shares. The Chairman and Managing Director briefed members on the company’s performance and thanked shareholders for their continued trust.

Voting results will be submitted in due course pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Crizac Limited has released its Integrated Annual Report for FY 2025-26, alongside the Notice of its 15th Annual General Meeting scheduled for Friday, September 11, 2026, at 1:00 p.m. through Video Conferencing or Other Audio Visual Means. The company reported its strongest financial performance since inception, with consolidated revenue from operations rising 22.68% year-on-year to ₹1,042.16 crore and profit after tax growing 41.42% to ₹219.18 crore.

Financial Performance

The company delivered profitable growth across both standalone and consolidated operations during FY 2025-26. The following table summarises the consolidated financial results:

On a standalone basis, the company recorded a gross turnover of ₹266.58 crore in FY 2025-26, representing growth of 42.61% compared to ₹186.93 crore in FY 2024-25. Standalone profit before tax increased 56.38% to ₹224.10 crore, while profit after tax rose 52.82% to ₹166.85 crore.

Key Financial Ratios

The following key financial ratios were reported on a consolidated basis for FY 2025-26:

IPO and Listing Milestone

FY 2025-26 marked a transformational year with the company's successful listing on the main boards of NSE and BSE. The Initial Public Offering had an issue size of ₹860 crore and a price band of ₹233 to ₹245 per share. The issue was subscribed 62.89 times overall, including subscriptions of 141.27 times by Qualified Institutional Buyers, 80.07 times by Non-Institutional Investors and 10.74 times by Retail Individual Investors. The equity shares were listed on July 9, 2025.

The IPO comprised solely an offer for sale of 3,51,02,040 equity shares by existing shareholders aggregating to ₹86,000.00 lakhs. As the company did not issue fresh shares, no proceeds from the IPO were received by the company.

Dividend and Capital Allocation

The Board of Directors declared an interim dividend of ₹8 per equity share of face value ₹2 each at its meeting held on January 28, 2026. The total dividend payout amounted to ₹1,39,98,60,000. The dividend was paid on February 13, 2026 to shareholders on record as of February 4, 2026, representing a payout of approximately 64% of profit after tax.

As at March 31, 2026, total borrowings stood at only ₹175.49 lakhs. The company maintained a net cash position of approximately ₹46,740 lakhs, inclusive of cash, bank balances and fixed deposits held across maturities. Net cash generated from operating activities amounted to ₹14,413.68 lakhs.

Strategic Acquisitions and Business Expansion

During FY 2025-26, the company completed several strategic acquisitions and capability-building initiatives:

• Acquired a 51.04% stake in Global Tree Careers Private Limited, a B2C-focused player in overseas education and immigration consultancy with a strong brand presence in Telangana and Andhra Pradesh, for a total consideration comprising ₹1,109.93 lakhs paid to existing shareholders and ₹1,000.22 lakhs subscribed towards fresh equity shares.
• Crizac Ltd (UK), the wholly owned subsidiary, acquired a 51% equity stake in StudiesPlanet.com Limited, England, opening the Latin American corridor.
• Incorporated Ucol Fze, a wholly owned UAE subsidiary, on March 18, 2025.
• Committed USD 2.5 million towards the five-year EduMentor programme to develop an AI-powered student counselling, mentorship and university-matching platform.
• Onboarded the Medway Educational Consultant team, strengthening New Zealand operations.

Student applications increased 43% over the previous year, with enrolments rising 13.8% year-on-year to 24,697. The active counselling partners base expanded 36% during FY 2025-26, with 15,980+ registered counselling partners including 5,389 active partners. The company processed approximately 3.94 lakh student applications across 400+ university partnerships, with recruitment originating from 85+ source countries.

Foreign Exchange Earnings and Outgo

Subsidiary Financial Highlights

Brief financial details of subsidiaries as reported in AOC-1 (in Rs. in Million):

Corporate Social Responsibility

During FY 2025-26, the company spent ₹2,59,82,467 on CSR activities. The total CSR obligation for the financial year was ₹2,59,82,467, with the average net profit under Section 135(5) standing at ₹1,57,58,64,333. CSR spending was directed to the Gyan Bharti Educational Trust for promoting education.

AGM Details and E-Voting Schedule

The 15th Annual General Meeting will be held on Friday, September 11, 2026, at 1:00 p.m. through Video Conferencing or Other Audio Visual Means. Key dates are as follows:

The AGM agenda includes adoption of standalone and consolidated financial statements for FY 2025-26, re-appointment of Mr. Manish Agarwal as director retiring by rotation, appointment of Mr. Christopher Flood Nagle as Non-Executive Non-Independent Director, and re-appointment of Mr. Anuj Saraswat and Ms. Payal Bafna as Independent Directors for second terms of three consecutive years each. The Annual Report and AGM Notice are available on the company's website and have been sent electronically to members whose email addresses are registered with the company or depositories.