CL Educate Limited has issued a regulatory disclosure confirming that Dr. Abhay Jere has not been debarred from holding directorial positions by any regulatory authority, following his recent appointment as Managing Director and Chief Executive Officer of the company's subsidiary.

Appointment Details

The disclosure relates to Dr. Abhay Jere's appointment as Additional Director on the Board of Directors of DEXIT Global Limited, formerly known as NSEIT Limited, which is a material unlisted subsidiary of CL Educate Limited. His appointment was announced on February 28, 2026.

Regulatory Compliance

The company has confirmed that Dr. Jere has not been debarred from holding the office of Director by virtue of any order passed by SEBI or any other regulatory authority. This confirmation is crucial for ensuring compliance with corporate governance norms and regulatory requirements.

The disclosure was made in accordance with specific regulatory circulars:

• BSE Circular No. LIST/COMP/14/2018-19
• NSE Circular No. NSE/CML/2018/24 dated June 20, 2018

Corporate Structure

DEXIT Global Limited, where Dr. Jere has been appointed, is classified as a material unlisted subsidiary of CL Educate Limited. The appointment of Dr. Jere as both Managing Director and Chief Executive Officer positions him as a Key Managerial Personnel within the subsidiary's organizational structure.

Documentation and Authorization

The disclosure was signed by Rachna Sharma, Company Secretary and Compliance Officer of CL Educate Limited, and was digitally authenticated on March 11, 2026. The communication was formally addressed to both BSE Limited and National Stock Exchange of India Limited as part of the company's ongoing compliance obligations.

CL Educate Limited has announced a significant leadership appointment at its material unlisted subsidiary, DEXIT Global Limited (formerly NSEIT Limited). The Board of Directors approved the appointment of Dr. Abhay Jere as Managing Director and Chief Executive Officer during their meeting held on February 27, 2026.

Appointment Details

The appointment encompasses Dr. Jere's designation as Additional Director in the Non-Independent, Executive Director category, along with his role as Managing Director and Chief Executive Officer, which qualifies him as Key Managerial Personnel of the company.

Professional Background

Dr. Abhay Jere brings extensive experience as a global technology, innovation, and digital transformation leader with over 24 years of experience spanning industry, government, and research sectors. His educational credentials include a Ph.D. in Health Sciences from Pune University and the University of Tokushima, Japan, along with an M.Tech (Equivalent) in Downstream Processing from UDCT, Mumbai.

Career Highlights

Dr. Jere's professional journey includes several notable positions:

• Vice Chairman of All India Council for Technical Education (AICTE) and Chief Innovation Officer at the Ministry of Education, Government of India since August 2018
• Vice President and Head of R&D and Innovation at Persistent Systems Ltd., Pune, from June 2010 to August 2018
• Demonstrated board-level governance and national-scale leadership influencing over 14,000 institutions

Areas of Expertise

Dr. Jere possesses deep expertise in several critical technology domains:

• AI-enabled platforms and SaaS solutions
• Data monetization strategies
• Digital ecosystems development
• Large-scale transformation initiatives

He has successfully conceptualized and launched multiple software products and flagship national programs, while serving on several Government of India empowered committees. His international exposure spans across the USA and Japan, complemented by over 20 international scientific publications.

Regulatory Compliance

The appointment has been disclosed in accordance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Dr. Jere is not related to any existing directors of the company, ensuring compliance with corporate governance requirements.

The disclosure was signed by Rachna Sharma, Company Secretary and Compliance Officer, on February 28, 2026, from New Delhi, with the information also being hosted on the company's website at www.cleducate.com .