Crizac Limited, a Kolkata-headquartered B2B education platform, has announced a strategic $2.5 million investment in the in-house development of EduMentor, an AI-based education technology platform. The announcement, made on March 30, 2026, represents a significant step in the company's technological advancement strategy.

Strategic Investment Overview

The investment will be structured across a five-year strategic integration roadmap, designed to enhance Crizac's existing technology-led infrastructure. The company serves over 135 global higher education institutions across multiple countries and operates through a network of more than 10,000 registered agents.

EduMentor Platform Features

EduMentor is positioned as a structured, AI-driven mentorship marketplace that connects prospective students with verified current students and recent graduates at universities worldwide. The platform utilizes artificial intelligence and machine learning technologies to automate multiple operational layers.

Key platform capabilities include:

• Automated onboarding and credentialing of mentors
• Intelligent matching system based on programme relevance
• Location-based mentor-student connections
• Language preference matching
• Career interest alignment

Leadership and Development Team

Dr. Vikash Agarwal, Chairman and Managing Director of Crizac Limited, is personally steering the project's integration. According to the company's announcement, Dr. Agarwal views this AI-led innovation as defining Crizac's mission and future goals to lead and dominate the education technology industry.

The AI project will be developed under the guidance of Mr. Dishant Kharbanda, an IIM Calcutta alumnus with nearly two decades of experience in education technology entrepreneurship. His previous venture in the same sector was recognized as Most Innovative Edtech Enterprise by India's Union Minister for Human Resource Development in 2013.

Company Background

Crizac Limited operates as a B2B education platform providing international student recruitment solutions to global institutions of higher education. The company's services span across the United Kingdom, United States of America, Canada, the Republic of Ireland, Australia, New Zealand, and United Arab Emirates.

The company's stated goal is to build a stronger platform where agents can access expertise and knowledge to expand their connections with international institutions, establishing a profitable and sustainable business network for all stakeholders.

Crizac Limited has successfully concluded its postal ballot process, with shareholders demonstrating strong support for the company's employee stock option initiatives. The voting results, announced on March 23, 2026, show overwhelming approval for both special resolutions presented to shareholders.

Postal Ballot Overview

The postal ballot was conducted through remote e-voting from February 21, 2026, at 9:00 A.M. IST to March 22, 2026, at 5:00 P.M. IST. The company dispatched the postal ballot notice on February 19, 2026, to shareholders whose names appeared on the register as of the cut-off date of February 13, 2026. Central Depository Services (India) Limited (CDSL) served as the service provider for the electronic voting facility.

Voting Results Summary

Both special resolutions received substantial shareholder support, demonstrating confidence in the company's employee incentive strategies:

Detailed Voting Analysis

The first resolution concerning the "Approval and Ratification of Amended and Restated Crizac Employee Stock Option Plan 2026" received support from 103 members who cast 141728332 votes in favor, representing 98.15% of total valid votes. Only 22 members voted against the resolution with 2677584 votes, accounting for 1.85% of the total.

The second resolution for "Approval of Grant of Options to the Employees of Subsidiary as per Companies Act 2013 or its Associate Company" saw similar support levels. A total of 102 members voted in favor with 141728095 votes (98.15%), while 23 members opposed with 2677821 votes (1.85%).

Shareholder Participation by Category

The voting witnessed significant participation across different shareholder categories:

Category-wise Voting Pattern

The detailed breakdown reveals interesting voting patterns across different shareholder categories:

Scrutinizer's Report

CS Shalini Jain of Shalini Jain & Associates, appointed as the scrutinizer on January 28, 2026, conducted the voting process in compliance with the Companies Act, 2013, and relevant SEBI regulations. The scrutinizer's report, dated March 23, 2026, confirmed that both resolutions were passed with the requisite majority.

The voting results and scrutinizer's report have been displayed on the company's notice board at its registered office, corporate office, and on the company website at www.crizac.com , as well as on CDSL's website at evoting.cdslindia.com, ensuring transparency and regulatory compliance. The company has also submitted the results to both NSE and BSE as required under Regulation 44(3) of the Listing Regulations.