Zee Learn Limited announced that the National Company Law Tribunal (NCLT), Mumbai Bench, has recorded the submission of lenders to withdraw the insolvency petition initiated against the company. This development follows proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016, and was communicated to the exchanges via a filing dated June 17, 2026.

The disclosure references an order passed by the Hon'ble NCLT, Mumbai Bench on June 8, 2026, in case C.P. (IB)/301/MB/2022. The order records that the counsel for Asset Care & Reconstruction Enterprise Limited (ACRE), the successor of JC Flowers Asset Reconstruction, along with Yes Bank Limited, submitted that the lenders have decided to withdraw the Company Petition. An appropriate application for this withdrawal is expected to be filed.

Zee Learn clarified that the Hon'ble Tribunal has only recorded the submission of the lenders regarding the proposed withdrawal. The company emphasized that this recording does not constitute a final disposal or withdrawal of the petition itself until the formal application is processed by the tribunal.

The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Anil Gupta, Company Secretary & Compliance Officer of Zee Learn Limited.

Zee Learn Limited reported its audited financial results for the quarter and year ended March 31, 2026, on May 22, 2026. The company's Board of Directors approved the standalone and consolidated results, along with the auditors' reports. Subsequently, the company published a newspaper advertisement on May 24, 2026, in The Free Press Journal and Navshakti pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also published a newspaper advertisement on May 30, 2026, in The Free Press Journal and NavShakti regarding the Postal Ballot Notice dated May 30, 2026.

Financial Performance

For the financial year ended March 31, 2026, the company reported a consolidated net profit of ₹3,852.55 lakh, an increase from ₹1,272.34 lakh in the previous year. Revenue from operations rose to ₹43,906.31 lakh from ₹37,193.75 lakh in FY25. Total income for the year stood at ₹45,749.08 lakh.

On a standalone basis, the net profit for the year was ₹9,056.69 lakh, compared to ₹5,418.56 lakh in the prior year. Revenue from operations for the standalone entity was ₹31,256.58 lakh, while total income was ₹32,304.23 lakh.

Quarterly Results

For the quarter ended March 31, 2026, the consolidated net profit was ₹4,541.75 lakh, compared to a net loss of ₹264.68 lakh in the same quarter of the previous year. Revenue from operations for the quarter increased to ₹17,677.42 lakh from ₹15,868.01 lakh.

The standalone net profit for the quarter was ₹7,283.37 lakh, up from ₹3,997.12 lakh in the corresponding quarter of the previous year. Revenue from operations stood at ₹15,390.86 lakh.

Board Decisions

The Board approved the appointment of Bhuta Shah & Co. LLP as the internal auditor of the company for the financial year 2026-27. Additionally, the Board approved a draft postal ballot notice to seek shareholder approval for the regularisation of Ms. Nanette D’sa as a Director.

Key Financial Metrics

The following table summarizes the consolidated financial performance for the year ended March 31, 2026:

The auditors, Ford Rhodes Parks & Co. LLP, issued a qualified opinion on the financial statements, citing matters related to corporate guarantees and the assessment of impairment for certain non-financial assets.

Postal Ballot for Director Appointment

Zee Learn Limited has initiated a postal ballot process seeking shareholder approval for the appointment of Ms. Nanette D'sa as a Director liable to retire by rotation. Ms. Nanette D'sa was appointed as an Additional Director in the category of Non-Executive, Non-Independent Director effective April 2, 2026. The resolution is an Ordinary Resolution pursuant to Sections 149, 152, and other applicable provisions of the Companies Act, 2013.

The remote e-voting process is scheduled from Saturday, May 30, 2026, at 9:00 a.m. (IST) to Sunday, June 28, 2026, at 5:00 p.m. (IST). The cut-off date for determining eligibility is Friday, May 22, 2026. The Board has appointed CS. Mita Sanghavi of M P Sanghavi & Associates LLP as the Scrutinizer to ensure a fair and transparent voting process. The results will be announced on or before Tuesday, June 30, 2026.