Crizac Ltd promoter holds 13.99 crore shares in FY26

Crizac Ltd disclosed that its promoter, Vikash Agarwal, held 13,98,80,460 equity shares as of March 31, 2026. The filing confirms that the promoter and promoter group did not create any encumbrance on these shares, directly or indirectly, during the financial year ended March 31, 2026. This information was submitted to the National Stock Exchange of India Ltd and BSE Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Details

The disclosure provides a snapshot of the promoter's holding position at the end of FY26. The company stated that the shares are held free of any encumbrance, which implies that the promoter has not pledged these shares to secure loans or other obligations during the specified period.

Parameter	Details
Promoter Name	Vikash Agarwal
Shares Held	13,98,80,460 Equity Shares
Date of Holding	March 31, 2026
Encumbrance Status	No encumbrance during FY26

Regulatory Compliance

The disclosure was formally submitted by Kashish Arora, Company Secretary and Compliance Officer of Crizac Ltd. The letter, addressed to the exchanges, requested that the information be updated in their records. The promoter's declaration, dated April 6, 2026, was received by the company and subsequently forwarded to the exchanges on April 7, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.85%	-0.02%	-5.77%	-24.56%	-34.98%	-34.98%

Crizac Limited has invested an aggregate amount of approximately ₹1.25 crore in Edument Consultancy Private Limited to acquire a 37.41% stake in the fully diluted share capital of the target company. The strategic investment, executed through the purchase of Compulsory Convertible Preference Shares (CCPS) and Compulsorily Convertible Debentures (CCDs), aims to integrate AI-led student mobility infrastructure and cross-border education financing into Crizac's existing platform. This move strengthens Crizac's ability to support students and counselling partners at critical stages of the study-abroad journey, including destination selection, financing, and visa clearance.

The transaction involves an investment of ₹65,39,439 for 5,444 CCPS with a face value of ₹9,317 each, and ₹59,37,505 for 2,250 CCDs with a face value of ₹10,000 each. The consideration will be paid in cash, potentially in one or more tranches. The definitive agreements stipulate that the acquisition is scheduled for completion by August 12, 2026. This transaction does not constitute a related party transaction, and the promoter group of Crizac holds no interest in Edument Consultancy Private Limited.

Edument Consultancy Private Limited operates as a B2B SaaS platform in the EdTech sector, specifically focusing on study abroad technology. The company provides an AI-powered platform that assists study abroad counselors, coaching institutes, and university partners in managing student admissions, education loan sourcing, and visa readiness. Incorporated on June 18, 2018, the entity serves over 700 counseling partners and 200 university partners across more than five countries.

Financial data for Edument Consultancy Private Limited indicates a turnover of ₹1.13 crore for the financial year 2024-25, down from ₹1.19 crore in the previous year. The company reported a net loss of ₹71.87 lakh for the year ended March 31, 2025. The turnover for the preceding financial years was ₹74.49 lakh in 2022-23 and ₹1.19 crore in 2023-24.