Ironwood Education Limited Successfully Conducts EGM on December 24, 2025

Ironwood Education Limited successfully conducted its Extraordinary General Meeting (EGM) on December 24, 2025, from 3:00 p.m. to 3:32 p.m. IST through video conferencing facility. The company addressed significant corporate actions including capital restructuring, leadership changes, and strategic transactions as outlined in the EGM notice dated November 25, 2025.

EGM Proceedings and Key Resolutions

The meeting was chaired by Mr. Rakesh Bhatia (DIN: 00008192) and conducted in accordance with Ministry of Corporate Affairs and SEBI guidelines. The company engaged National Securities Depositories Limited (NSDL) to provide remote e-voting and video conferencing facilities for shareholder participation.

Resolution Details:	Specifications
Meeting Duration:	32 minutes (3:00 PM - 3:32 PM IST)
Voting Method:	Remote e-voting and e-voting during EGM
Remote Voting Period:	December 20-23, 2025
Scrutinizer:	Sonali Gamne, Company Secretaries

Key Business Items Addressed

The EGM addressed six special business items through the e-voting process:

Capital Structure Changes

Authorized Share Capital Increase: From ₹16.00 crores to ₹18.00 crores
Preferential Allotment: 17,11,670 equity shares at ₹45.00 per share to non-promoter public category investors
Total Capital Raise: ₹7.70 crores

Leadership Restructuring

Nitish Nagori (DIN: 09775743): Designation change from Managing Director to Executive Director
Balaji Raghavan (DIN: 05326740): Appointment as Director and Managing Director

Strategic Transaction

Related Party Transaction: ₹5.50 crores with AVA Lifespaces LLP for slum redevelopment project

Current Financial Position

The company's latest financial metrics demonstrate substantial growth:

Financial Metrics:	Current Year (2025-03)	Previous Year (2024-03)	Growth (%)
Total Assets:	₹36.20 crores	₹19.90 crores	+81.91%
Total Equity:	₹26.30 crores	₹10.80 crores	+143.52%
Investments:	₹28.00 crores	₹14.10 crores	+98.58%
Current Assets:	₹7.10 crores	₹4.30 crores	+65.12%

Voting Process and Next Steps

The remote e-voting facility was available from December 20, 2025 (9:00 a.m. IST) to December 23, 2025 (5:00 p.m. IST). Members attending the EGM who had not participated in remote voting were provided an opportunity to vote during the meeting or within 15 minutes after its conclusion.

The company has appointed Sonali Gamne Associates as scrutinizer to ensure fair and transparent voting process. Results of the e-voting will be announced within 48 hours of the EGM conclusion and will be communicated to BSE Limited, posted on the company's website ( www.ironwoodworld.com ), and NSDL's platform ( www.evoting.nsdl.com ).

Strategic Implications

The successful conduct of the EGM represents a significant milestone for Ironwood Education Limited's growth strategy. The proposed capital raise of ₹7.70 crores through preferential allotment will strengthen the company's financial position, while the leadership transition brings new strategic direction under Balaji Raghavan's management. The related party transaction with AVA Lifespaces LLP indicates potential diversification into real estate development, aligning with the company's expansion plans and the substantial growth reflected in its current financial metrics.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.12%	+6.79%	+14.51%	+18.20%	+26.18%	+88.85%

Ironwood Education Limited has successfully met the mandatory 25% minimum public shareholding requirement, a crucial compliance milestone for listed companies in India. This development comes as a result of a strategic share sale by three of the company's promoters.

Share Sale Details

The company disclosed that three promoters - Balaji Raghavan, Manoj Shankar Tripathi, and Nitish Nagori - collectively sold 2,46,977 equity shares, representing 1.64% of the total equity share capital. The transactions were executed on November 4 and 6, 2025, through BSE's designated window mechanism.

Aspect	Details
Total Shares Sold	2,46,977
Percentage of Total Equity	1.64%
Transaction Dates	November 4 and 6, 2025
Transaction Method	BSE's designated window mechanism

Impact on Shareholding Structure

The share sale has resulted in a significant shift in the company's shareholding pattern:

Shareholder Category	Before Sale	After Sale
Promoter and Promoter Group	76.64%	75.00%
Public Shareholding	23.36%	25.00%

This adjustment in shareholding has brought Ironwood Education into compliance with the Securities Contracts Regulation Rules and SEBI Listing Regulations, which mandate a minimum public shareholding of 25% for listed companies.

Regulatory Compliance

The share sale was conducted in accordance with SEBI's circular dated January 10, 2023, which outlines the "Comprehensive Framework on Offer for Sale (OFS) of Shares through Stock Exchange Mechanism". This framework ensures transparency and fairness in such transactions.

Company's Statement

In its regulatory filing, Ironwood Education stated, "Accordingly, the Company has become compliant with the minimum public shareholding requirements of 25% as mandated under rules 19(2)(b) and 19A of the Securities Contracts (Regulation) Rules 1957, read with Regulation 38 of the Listing Regulations."

Upcoming Board Meeting

In a separate announcement, Ironwood Education has informed that its Board of Directors will meet on Thursday, November 13, 2025, to review and record the unaudited financial results for the quarter and six months ended September 30, 2025, both on a standalone and consolidated basis.

Trading Window Closure

As per the company's Code of Conduct for Prevention of Insider Trading, the trading window for dealing in the company's securities will remain closed until November 15, 2025. This closure applies to all Directors, Promoters, Designated Employees, specified connected persons, their immediate relatives, and the Material Subsidiary of the Company.

This strategic move by Ironwood Education not only ensures regulatory compliance but also potentially enhances the liquidity of its shares in the market.