Zee Learn Limited has successfully concluded its postal ballot process, with shareholders approving all three proposed resolutions through remote e-voting that ended on March 22, 2026. The company announced the results on March 24, 2026, following scrutinizer verification and regulatory compliance procedures.

Approved Resolutions and Voting Results

The postal ballot covered three key corporate governance matters, all of which received requisite shareholder approval. The voting process engaged 346 members who collectively cast 57347136 votes across the resolutions.

Voting Process and Timeline

The company conducted the postal ballot in accordance with Section 110 and Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations. The remote e-voting facility was provided through National Securities Depository Limited (NSDL) platform.

Shareholder Category Participation

The voting demonstrated strong participation across different shareholder categories. Promoter and Promoter Group showed unanimous support with 100.00% approval across all resolutions, representing 49087388 votes. Public Institutions held 21621017 shares with 6.26% participation rate, while Public Non Institutions, holding 256353600 shares, achieved 2.69% participation in the voting process.

Corporate Governance Strengthening

The appointment of Mr. Dattatraya Kelkar as Director liable to retire by rotation strengthens the company's board composition. Additionally, the appointment of Mr. Shiv Kumar Gupta as Independent Director enhances the board's independence and governance framework. The ESOP repricing approval under the ZLL ESOP 2010 – Amended 2015 scheme provides flexibility in employee stock option management.

Regulatory Compliance and Documentation

M P Sanghavi & Associates LLP served as the scrutinizer for the postal ballot process, ensuring compliance with regulatory requirements. The company published public notices in The Free Press Journal (English) and NavShakti (Marathi) on February 21, 2026, informing shareholders about the postal ballot dispatch. The voting results and scrutinizer report are available on the company's website at www.zeelearn.com and NSDL's e-voting portal at www.evoting.nsdl.com .

Zee Learn Limited has secured major relief after the National Company Law Tribunal (NCLT) Mumbai Bench dismissed the insolvency petition filed against it by Axis Bank Limited. The tribunal dismissed the petition as withdrawn on March 19, 2026, effectively ending the threat of corporate insolvency resolution process against the education company.

NCLT Proceedings and Outcome

The matter, identified as Petition No. 1126 of 2023 titled "Axis Bank Limited vs. Zee Learn Limited," was listed as a pre-admission matter before the NCLT Mumbai Bench. After hearing both parties on March 19, 2026, the tribunal decided to dismiss the petition as withdrawn.

Background of the Insolvency Petition

The petition was originally filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, with Axis Bank Limited seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Zee Learn Limited. The company had previously informed stakeholders about this petition through an intimation dated December 26, 2023, as required under regulatory compliance norms.

Current Status and Implications

With the NCLT's decision to dismiss the petition as withdrawn, the matter now stands completely disposed of. The company has confirmed through its legal counsel that no further proceedings remain pending in this particular matter. This development provides significant relief to Zee Learn Limited, removing the immediate threat of insolvency proceedings.

Regulatory Compliance

Zee Learn Limited has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed both BSE Limited and the National Stock Exchange of India Limited about the tribunal's decision on March 20, 2026, ensuring transparency with stakeholders and regulatory authorities.

The dismissal of this insolvency petition marks a crucial development for Zee Learn Limited, allowing the company to continue its operations without the uncertainty and potential disruption that corporate insolvency proceedings could have brought.