Ironwood Education Limited held its 43rd Annual General Meeting on Monday, September 28, 2026. The meeting was conducted via video conferencing and other audio-visual means, concluding with the adoption of the company's audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026.

Key resolutions passed

Shareholders approved several critical items during the proceedings. The board's report and auditor's reports for FY26 were adopted without objection. Additionally, the meeting addressed the re-appointment of a director and multiple related party transactions involving the company's promoter and subsidiaries.

The specific resolutions transacted included:

• Adoption of audited standalone and consolidated financial statements for FY26.
• Re-appointment of Nitish Nagori as Director, who retired by rotation under Section 152(6) of the Companies Act, 2013.
• Approval of material related party transactions with Value Line Advisors Private Limited, the company's promoter.
• Approval of material related party transactions between wholly owned subsidiary Trio Infrastructure Private Limited and Value Line Advisors Private Limited.
• Approval of material related party transactions between Trio Infrastructure Private Limited and AVA Lifespaces LLP, AVA Lifespaces and Homes Private Limited, and Miras Infrastructure Private Limited.
• Revision in remuneration for Bela Desai, a promoter holding an office or place of profit.

Meeting logistics and voting

The AGM commenced at 3:00 pm and concluded at 3:39 pm upon the closure of the e-voting facility. Rakesh Bhatia, Independent Director, served as the Chairman of the meeting. The deemed venue was the registered office in Kandivali (East), Mumbai.

Remote e-voting facilities were provided by National Securities Depositories Limited (NSDL). Voting opened on Wednesday, September 23, 2026, and closed on Sunday, September 27, 2026. Members present during the live session could also cast their votes electronically. The results are scheduled to be announced within two working days via intimation to the stock exchange and placement on the company website.

Board attendance

The following key personnel were present or represented at the meeting:

Sonali Gamne, Proprietor of M/s. Sonali Gamne & Associates, served as the Scrutinizer to ensure a fair and transparent scrutiny of the voting process.

Ironwood Education has scheduled its 43rd Annual General Meeting for September 28, 2026. The meeting will focus on approving several material related party transactions and the re-appointment of a key director.

The company will seek shareholder approval for multiple resolutions involving its wholly owned subsidiary, Trio Infrastructure Private Limited, and the parent entity. These transactions are structured to support working capital requirements and real estate redevelopment projects.

Key Agenda Items

The AGM notice outlines specific ordinary business and special business items for consideration by shareholders:

• Re-appointment of Mr. Nitish Nagori as Executive Director, who retires by rotation.
• Approval of material related party transactions (RPTs) with Value Line Advisors Private Limited, a promoter entity.
• Authorization of RPTs between Trio Infrastructure and various related parties including AVA Lifespaces LLP, AVA Lifespaces and Homes Private Limited, and Miras Infrastructure Private Limited.
• Revision in remuneration for Ms. Bela Desai, a promoter, in her role as Mentor – Education Business.

Related Party Transaction Details

The company disclosed significant proposed RPTs exceeding the materiality threshold of ₹5.25 crore, based on an annual consolidated turnover of ₹52.57 crore for FY26. The total value of proposed transactions reaches ₹55.50 crore.

Value Line Advisors Private Limited is identified as a Category I Merchant Banker and a promoter of the company. The loans are intended for working capital and business operations. The interest rate for the subsidiary's loan from Value Line is notably higher at 16%, compared to 5.50% for the parent company's facility.

Promoter Remuneration Revision

Shareholders will also consider a resolution to revise the monthly remuneration of Ms. Bela Desai. Her pay as Mentor – Education Business will increase from ₹2.48 lakh to ₹4.00 lakh per month, effective October 1, 2026. This revision is subject to the cash flow of the education business segment.

What the Numbers Show

The concentration of RPTs with entities linked to promoters and key management personnel highlights a strategic reliance on related parties for both financing and operational execution in real estate. While the parent company secures debt at a competitive 5.50%, the subsidiary’s borrowing cost of 16% suggests differing risk assessments or market positioning for the two entities within the group structure.

Meeting Logistics

The AGM will be held via Video Conferencing or Other Audio-Visual Means. Remote e-voting begins on September 23, 2026, at 9:00 am and ends on September 27, 2026, at 5:00 pm. The record date for voting eligibility is September 21, 2026. The register of members and share transfer books will remain closed from September 24 to September 28, 2026.