Usha Martin Education & Solutions Limited held its 29th Annual General Meeting on September 30, 2026, adopting the standalone and consolidated audited financial statements for FY26.

The meeting was conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI guidelines. A total of 37 members attended the session, which commenced at 1:00 pm IST.

Resolutions passed

The members transacted both ordinary and special business as outlined in the notice convening the meeting. The following resolutions were approved:

Proceedings and governance

Vinay Kumar Gupta, Whole Time Director, chaired the proceedings. He noted that the Statutory Auditors did not make any qualifications, observations, or adverse remarks in their reports on the standalone and consolidated financial statements for the year ended March 31, 2026. Consequently, the auditors' reports were not read aloud during the meeting.

Remote e-voting facilities were extended to members through NSDL from September 27, 2026, to September 29, 2026. CS Prateek Kohli was appointed as the scrutinizer to ensure a fair voting process. The company stated that the final voting results and the scrutinizer's report would be submitted to the stock exchanges within two working days of the conclusion of the meeting.

Usha Martin Education & Solutions has scheduled its 29th Annual General Meeting for Wednesday, September 30, 2026. The event will commence at 1:00 pm and will be conducted through Video Conferencing or Other Audio Visual Means.

Financial Results for FY26

The company reported a significant improvement in its financial performance for the fiscal year ended March 31, 2026. Standalone revenue from operations rose to ₹88.0 million from ₹52.4 million in the previous year. Consolidated gross income stood at ₹91.4 million, compared to ₹98.5 million in FY25.

Profitability metrics showed strong growth. Standalone profit after tax reached ₹38.2 million, up from ₹17.2 million in FY25. Consolidated profit after tax was ₹39.4 million, an increase from ₹31.3 million the prior year. The board did not recommend any dividend for the current financial year.

What the Numbers Show

The surge in standalone profit after tax was driven by a combination of higher operational revenue and significantly reduced finance costs. Finance cost dropped to ₹4.9 million from ₹12.1 million in the prior year, indicating improved debt management or lower interest burdens. Additionally, operating and administrative expenses fell to ₹21.7 million from ₹28.7 million, contributing to the expansion in margins.

Meeting Details and Agenda

The company notified the National Stock Exchange of India Ltd and the Bombay Stock Exchange Limited regarding the upcoming shareholder meeting. The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ordinary Business

Shareholders will consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. The meeting will also see the re-appointment of Mrs. Gangotri Guha (DIN: 01666863) as a director, who retires by rotation.

Special Business

A special resolution will be proposed for the re-appointment of Mr. Anil Kumar Modi (DIN: 00076129) as an Independent Director for a second term of five consecutive years. Mr. Modi holds office as an Independent Director and meets the criteria for independence under Section 149(6) of the Companies Act, 2013.

Compliance and Notifications

Usha Martin Education published a newspaper advertisement on September 9, 2026, in Business Standard and Arthik Lipi. This disclosure complies with MCA General Circular Nos. 14/2020 dated April 8, 2020, and the latest circular 039/2025 dated September 22, 2025.

Electronic copies of the notice concerning the AGM and the Annual Report will be made available to members via email. The register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026, both days inclusive.