MT Educare Submits Structured Digital Database Compliance Certificate for Q3FY26

MT Educare Limited has submitted its Structured Digital Database (SDD) compliance certificate for the quarter ended December 31, 2025, to both BSE and NSE on January 16, 2026. The filing demonstrates the company's adherence to SEBI's Prohibition of Insider Trading Regulations, 2015, despite operating under Corporate Insolvency Resolution Process (CIRP).

Compliance Certificate Details

The compliance certificate was issued by Shravan A. Gupta & Associates, a practicing company secretary firm appointed by MT Educare Limited. The certificate covers the company's compliance with Regulation 3(5) and 3(6) of SEBI's insider trading regulations for the quarter ended December 31, 2025.

Compliance Parameter	Status	Details
Structured Digital Database in Place	Yes	Fully operational
Access Control Mechanisms	Yes	Read/write controls with PAN identification
UPSI Capture	Yes	All unpublished price sensitive information recorded
Recipient Information	Yes	Prior notification and database entry maintained
Audit Trail Maintenance	Yes	Complete tracking system active

Database Management and Security

The certificate confirms that MT Educare maintains a comprehensive digital database system with robust security measures. Key compliance areas include:

Data Integrity: The database is non-tamperable with proper time stamping
Access Management: Controlled access with PAN-based identification for all users
Information Tracking: Complete capture of UPSI nature, date, and time
Audit Compliance: Maintained audit trail for all database activities

During the quarter ended December 31, 2025, the company was required to capture 1 event and successfully recorded this event in the database.

Corporate Status Under CIRP

MT Educare Limited continues to operate under Corporate Insolvency Resolution Process, which commenced on December 16, 2022, following an order from the National Company Law Tribunal, Mumbai. The company's current Resolution Professional is Arihant Nenawati, who was appointed on January 22, 2024, replacing the previous Interim Resolution Professional.

Corporate Details	Information
CIN	L80903MH2006PLC163888
Registered Office	220, 2nd Floor, Flying Colors, Mulund (West), Mumbai 400080
CIRP Commencement	December 16, 2022
Current Resolution Professional	Arihant Nenawati
IP Registration Number	IBBI/IPA-001/IP-P00456/2017-2018/10799

Regulatory Compliance

The submission fulfills MT Educare's regulatory obligations under SEBI's insider trading regulations. The certificate indicates that while there was some delay in recording certain events, all required compliance parameters were met during the quarter. The company maintains internal database management with appropriate security measures to prevent tampering and ensure data integrity.

The compliance certificate serves as a quarterly disclosure requirement, demonstrating the company's commitment to maintaining transparency and regulatory adherence even while undergoing the insolvency resolution process.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.61%	+1.23%	-11.76%	-26.34%	-32.65%	-82.45%

MT Educare Limited , an education services provider, has disclosed updated financial defaults totaling Rs 32.35 crores in its latest regulatory filing dated December 30, 2025. The company continues to navigate through its Corporate Insolvency Resolution Process (CIRP) under Resolution Professional Arihant Nenawati.

Updated Default Details

The company has reported defaults on both principal and interest payments across various financial obligations to two primary lenders:

Lender:	Principal (Rs Crores)	Interest (Rs Crores)	Total (Rs Crores)
Prudence ARC:	16.44	3.75	20.19
Axis Bank Limited:	7.65	4.51	12.16
Total Defaults:	24.09	8.26	32.35

The defaults have been ongoing since March 2021, with the latest default date recorded as November 30, 2025.

Outstanding Obligations Breakdown

The company's financial obligations are structured across multiple secured facilities:

Facility Type:	Outstanding Amount (Rs Crores)	Interest Rate	Tenure (Years)
Axis Bank Term Loan:	7.16	11.65%	2
Axis Bank Overdraft:	4.98	11.20%	2
Prudence ARC:	20.19	13.75%	2
Total Outstanding:	32.33	-	-

Invoked Corporate Guarantees

MT Educare faces additional liabilities from invoked corporate guarantees totaling Rs 24.00 crores:

Primary Borrower:	Lender	Amount (Rs Crores)	Security Status
Sri Gayatri Education Society:	Axis Bank Limited	7.30	Secured
Lakshya Forum for Competitions Pvt Ltd:	Prudence ARC	16.69	Secured
Total Guarantees:	-	23.99	-

Insolvency Proceedings Status

MT Educare has been under the Corporate Insolvency Resolution Process since December 16, 2022, following an order from the National Company Law Tribunal (NCLT). Arihant Nenawati was appointed as the new Resolution Professional on January 22, 2024, replacing the previous Interim Resolution Professional Ashwin Bhavanji Shah.

The Committee of Creditors was constituted on August 21, 2023, and the resolution process continues with claims verification ongoing as per public announcements.

Additional Legal Developments

Shamrao Vithal Co-operative Bank Limited had submitted a claim of Rs 49.72 crores on account of corporate guarantee for subsidiary Labh Ventures India Pvt Ltd. However, this claim was rejected as the bank had not invoked the corporate guarantee before the Insolvency Commencement Date. The bank's subsequent appeal to NCLT was dismissed on March 27, 2025, and their appeal to NCLAT remains pending.