Ironwood Education announced that its wholly-owned subsidiary, Trio Infrastructure Private Limited, has secured a significant financial boost. State Bank of India's Borivali Branch has sanctioned a Rs. 40 crore fund-based term loan to Trio Infrastructure, marking a notable development for the education company.

Loan Details

The company disclosed that the State Bank of India (SBI) Borivali Branch has approved a Fund Based Term Loan of Rs. 40.00 crores to Trio Infrastructure Private Limited. This information was conveyed to Ironwood Education on September 24, 2025, at approximately 5:10 p.m. IST.

Security and Documentation

As part of the loan agreement, the lender (State Bank of India) and the borrower (Trio Infrastructure Private Limited) will execute a mortgage deed and other necessary security documents. These steps are standard procedures to secure the term loan and are expected to be completed in due course.

Regulatory Compliance

Ironwood Education, adhering to regulatory requirements, has informed the BSE Ltd. about this development under Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has committed to submitting detailed loan agreement information as required under SEBI regulations in due course.

Company Background

Ironwood Education operates in the education sector. The company's registered office is located in Mumbai, and it conducts its operations through various subsidiaries, including Trio Infrastructure Private Limited.

This financial arrangement demonstrates Ironwood Education's strategic moves to strengthen its infrastructure capabilities through its subsidiary. The substantial loan amount of Rs. 40.00 crore suggests potential for significant developments or expansions in the near future, although specific plans for fund utilization have not been disclosed in the current announcement.

Ironwood Education Limited has taken a significant step towards diversifying its business operations, with shareholders approving major amendments to the company's Memorandum and Articles of Association. The decisions, made at the 42nd Annual General Meeting (AGM) held on September 16, 2025, mark a strategic shift for the education-focused company into the real estate sector.

Key Amendments Approved

Shareholders greenlit several crucial changes:

1. New Memorandum of Association: The company adopted a new Memorandum of Association aligned with the Companies Act 2013, replacing the previous version based on the Companies Act 1956.

2. Expansion into Real Estate: The Main Object Clause was altered to include real estate development activities. This follows Ironwood's acquisition of shares in Trio Infrastructure Private Limited through agreements dated December 2, 2024.

3. Broadened Business Scope: New business activities added to the company's objectives include:

   • Real estate development and construction
   • Project management services
   • Financial facilitation for real estate projects

4. Updated Articles of Association: The company adopted restated Articles of Association to reflect rights and obligations arising from the shareholders' agreement related to the Trio Infrastructure acquisition.

Financial and Project Management Services

In addition to real estate development, Ironwood Education is positioning itself to offer comprehensive services in the sector. The company has incorporated clauses allowing it to:

• Provide end-to-end project management solutions for residential, commercial, and industrial developments
• Offer consultancy and advisory services for marketing, promotion, and sales strategies in real estate
• Facilitate financial arrangements for real estate and infrastructure projects, including project financing and loan syndication

Implications for Investors

This strategic pivot represents a significant diversification for Ironwood Education. While the company maintains its presence in the education sector, the move into real estate signals a broader business strategy that could potentially open up new revenue streams and growth opportunities.

Corporate Governance

The AGM, which lasted from 3:00 PM to 3:23 PM, also saw the appointment of Ms. Bela Desai as a director liable to retire by rotation and Mr. Vijayshankar Tripathi as an Executive Director. Additionally, M/s. Sonali Gamne & Associates were appointed as Secretarial Auditors.

Investors and stakeholders will be keenly watching how Ironwood Education leverages its new mandate and expanded business scope in the coming months. The company's ability to successfully integrate real estate operations with its existing education business will be crucial for its future performance and market position.

Note: This article is based on the latest available information from the company's regulatory filings and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions.