Ironwood Education Limited has published its unaudited financial results for the third quarter of fiscal year 2026, ended December 31, 2025. The company fulfilled its regulatory disclosure requirements by publishing the results in leading newspapers on February 14, 2026.

Board Approval and Regulatory Compliance

The Board of Directors approved the unaudited financial results at their meeting held on February 13, 2026, based on the recommendation of the Audit Committee. The results cover both the quarter and nine months ended December 31, 2025, prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act.

Publication Details

Pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, the company published the financial results in newspapers. The publication includes the extract of standalone unaudited financial results for both the quarter and nine months ended December 31, 2025.

Business Operations

The company is primarily engaged in the business of trading in engineering goods and related items. According to Indian Accounting Standard on Operating Segments, this is considered to be the only reportable business segment for the company.

Regulatory Framework

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated July 5, 2016.

Company Information

Ironwood Education Limited is registered with CIN: L58100MH1983PLC030838. The company's registered office is located at 8, Gokul Regency II, B Wing, Thakur Complex, Off Western Express Highway, Kandivali (East), Mumbai 400101. The Company Secretary, Dharmesh Parekh (Membership No. ACS19545), signed the regulatory filing submitted to BSE Limited.

Ironwood Education Limited has announced a strategic Joint Development Agreement with AVA Lifespaces LLP for the development of a Slum Rehabilitation Authority (SRA) project in Mumbai. The agreement, executed on January 28, 2026, represents a significant expansion into real estate development for the education-focused company.

Project Details and Location

The joint development project is situated at Hanuman Nagar, Vadar Pada, C.T.S. No. 163 A (pt), covering a plot area of 1,752.53 square meters in village Akurli, Kandivali (East), Mumbai – 400101, R/S Ward. The project involves the development of "Navtarun CHS (Prop)" under the SRA framework, which aims to rehabilitate slum dwellers while creating additional commercial opportunities.

Financial Structure and Investment

The agreement establishes a clear financial framework for the joint venture:

The security deposit of INR 5.50 crore will be refunded to Ironwood before the distribution of profits among the parties, ensuring priority recovery of the initial investment.

Responsibilities and Project Management

Under the agreement terms, both parties will jointly obtain necessary approvals and permissions from various authorities including the Slum Rehabilitation Authority (SRA), Municipal Corporation of Greater Mumbai (MCGM), and MHADA. However, Ironwood Education Limited will bear all associated costs, fees, premiums, charges, and expenses.

Key responsibilities include:

• Payment of transit rent to eligible slum dwellers
• Obtaining Annexure III from SRA and Intimation of Approval (IOA)
• Securing Commencement Certificate (CC) for the composite building
• Road demarcation approvals and Civil Aviation Authority clearances
• Complete project financing arrangements

Related Party Transaction Disclosure

The company has disclosed that this transaction qualifies as a related party transaction conducted at arm's length. The relationship stems from family connections between the companies' leadership:

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in corporate governance and related party transactions.

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