Zee Learn Limited reported a standalone net profit of ₹54.19 crore for the financial year ended March 31, 2025, while consolidated net profit stood at ₹12.72 crore. The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, at a meeting held on May 15, 2025. The statutory auditors, Ford Rhodes Parks & Co. LLP, issued a qualified opinion on the financial statements, highlighting material uncertainties regarding corporate guarantees and the company's ability to continue as a going concern.

Financial Performance

For the year ended March 31, 2025, Zee Learn recorded total standalone income of ₹2,857.60 crore, up from ₹2,622.18 crore in the previous year. Total expenses for the period stood at ₹2,112.10 crore. On a consolidated basis, total income rose to ₹3,925.35 crore from ₹3,781.99 crore in FY24, with total expenses at ₹3,436.91 crore. The company reported basic earnings per share (EPS) of ₹1.66 on a standalone basis and ₹0.39 on a consolidated basis for the year.

Audit Qualifications and Going Concern

The auditors issued a qualified opinion due to several material factors. The company and its subsidiary, Digital Ventures Private Limited (DVPL), are involved in disputes regarding corporate guarantees invoked by lenders, including Yes Bank Limited and Axis Bank Limited. A settlement agreement with J.C. Flowers Asset Reconstructions Private Limited was terminated, and the outstanding facilities were assigned to Assets Care & Reconstruction Enterprise Limited (ACRE). As of March 31, 2025, the outstanding amount payable under the Supplemental Facilities Agreement with ACRE is ₹63,436.19 lakh. The auditors noted that the company has not carried out an impairment assessment of ₹69,458.74 lakh receivable from four trusts/entities as required by Ind AS 109.

Additionally, the auditors highlighted that despite the initiation of Corporate Insolvency Resolution Process (CIRP) proceedings against DVPL, the company has not provided for liabilities against corporate guarantee obligations. The auditors also expressed uncertainty regarding the recoverability of net investments and receivables from DVPL amounting to ₹34,388.10 lakh. Consequently, the auditors indicated that these events cast significant doubt on the company's ability to continue as a going concern, though the management believes the amounts will be settled through asset monetization.

Key Financial Metrics

The following table summarizes the standalone financial results for Zee Learn Limited for the year ended March 31, 2025:

Board Appointments

The Board appointed Vaibhav P Joshi & Associates, Cost Accountants, as the Cost Auditors for the financial year 2025-26, subject to shareholder ratification. Additionally, M P Sanghavi & Associates LLP was appointed as the Secretarial Auditor for a five-year term starting from financial year 2025-26, also subject to shareholder approval.

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.