Ironwood Education Limited has reported a reduction in promoter shareholding following a preferential allotment of equity shares to non-promoter investors. The disclosure, filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was submitted by Balaji Raghavan on behalf of the promoter and promoter group on January 24, 2026.

Shareholding Changes

The promoter group's collective shareholding in the company decreased from 73.61% to 66.11% due to the preferential allotment of 17,11,670 equity shares to non-promoter group investors on January 22, 2026. While the absolute number of shares held by promoters remained unchanged, their percentage shareholding was diluted due to the increase in the company's total share capital.

Promoter Group Composition

The promoter group of Ironwood Education Limited comprises nine entities and individuals. The major promoter shareholders and their post-allotment holdings include:

Capital Structure Impact

The preferential allotment resulted in an increase in the company's equity share capital from ₹ 15,06,89,560 to ₹ 16,78,06,260. The total number of equity shares outstanding increased from 1,50,68,956 to 1,67,80,626 shares, each with a face value of ₹ 10. The allotment was conducted under the SEBI ICDR Regulations, 2018.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing substantial acquisition of shares and takeovers. The filing confirms that no promoter or promoter group entity acquired additional shares during this transaction. The change in shareholding percentage is solely attributed to the dilution effect of the preferential allotment to non-promoter investors. The company's shares are listed on BSE Limited.

Ironwood Education Limited has announced the official voting results for its Extraordinary General Meeting (EGM) held on December 24, 2025, confirming unanimous shareholder approval for all six proposed resolutions. The company submitted the voting results to BSE Limited on December 26, 2025, in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

EGM Proceedings and Voting Process

The meeting was conducted from 3:00 p.m. to 3:32 p.m. IST through video conferencing facility, chaired by Mr. Rakesh Bhatia (DIN: 00008192). The company engaged National Securities Depositories Limited (NSDL) to provide remote e-voting and video conferencing facilities for shareholder participation.

Resolution-wise Voting Results

All six resolutions received 100% approval from participating shareholders, demonstrating strong stakeholder confidence in the company's strategic direction.

Capital Structure Resolutions

The authorized share capital increase from ₹16.00 crores to ₹18.00 crores and preferential allotment of 17,11,670 equity shares at ₹45.00 per share will raise ₹7.70 crores for the company.

Leadership Transition Results

The unanimous approval confirms Mr. Nitish Nagori's transition from Managing Director to Executive Director and Mr. Balaji Raghavan's appointment as Director and Managing Director.

Related Party Transaction Approval

Shareholders approved the material related party transaction worth ₹5.50 crores with AVA Lifespaces LLP for slum redevelopment project with 55,973 votes in favor, achieving 100% approval rate.

Current Financial Strength

The company's robust financial position supports these strategic initiatives:

Regulatory Compliance and Next Steps

The voting results were compiled by scrutinizer Sonali Gamne Associates and submitted to BSE Limited within the prescribed timeline. The company has fulfilled all regulatory requirements under the Companies Act 2013 and SEBI regulations. The approved resolutions will now be implemented as per the timeline specified in the EGM notice, strengthening the company's capital base and leadership structure for future growth initiatives.