MT Educare Limited has postponed its 20th Annual General Meeting from September 22, 2026, to September 30, 2026. The Resolution Professional also revised the register closure dates accordingly.

The company notified the stock exchanges of the change under Regulation 30 of the SEBI (LODR) Regulations, 2015. Mr. Arihant Nenawati, the appointed Resolution Professional, approved the revised notice for the meeting.

Revised Corporate Action Dates

The register of members and share transfer books will remain closed from September 24, 2026, to September 30, 2026. This replaces the earlier schedule of September 16, 2026, to September 22, 2026. The closure is mandated under Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI (LODR) Regulations, 2015.

Insolvency Process Context

MT Educare is currently undergoing the Corporate Insolvency Resolution Process (CIRP). The National Company Law Tribunal (NCLT), Mumbai Bench, initiated the process on December 16, 2022, under the Insolvency and Bankruptcy Code, 2016.

Mr. Ashwin Bhavanji Shah served as the Interim Resolution Professional initially. He constituted the Committee of Creditors on August 21, 2023. Subsequently, Mr. Arihant Nenawati was appointed as the new Resolution Professional on January 22, 2024, following an application by Prudent ARC.

MT Educare Ltd is facing material operational challenges due to adverse business conditions, mass resignations of faculty and support staff, and lower-than-expected student enrolment, which have adversely impacted the company's topline. The situation has resulted in significant financial stress, posing challenges in maintaining seamless academic operations across various centres. Consequently, a number of students have discontinued their enrolments and are exploring opportunities to shift to other coaching institutes, which is expected to adversely affect the company's revenue, financial performance, and overall business operations.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that it continues to monitor the situation and will keep the stock exchanges informed of any further material developments in accordance with applicable provisions.

Corporate Insolvency Resolution Process Status

The company is currently undergoing the Corporate Insolvency Resolution Process (CIR Process) under the Insolvency and Bankruptcy Code, 2016. The process was initiated pursuant to an order dated December 16, 2022, by the Hon'ble National Company Law Tribunal, Mumbai. Mr. Arihant Nenawati serves as the Resolution Professional, having been appointed on January 22, 2024, by the Hon'ble NCLT, Mumbai Bench.