Zee Learn Limited , a prominent player in the education sector, announced a significant change in its top management on November 6, 2025. Anish Shah, the company's Chief Financial Officer (CFO) and Key Managerial Personnel, has tendered his resignation with immediate effect.

Reasons for Departure

In his resignation letter, Shah attributed his decision to pursue opportunities outside the company for professional growth and development. He emphasized that there were no other material reasons for his departure beyond those stated.

Transition Period

Demonstrating his commitment to a smooth transition, Shah has agreed to serve his full notice period. This decision will help Zee Learn manage the changeover effectively and ensure continuity in financial operations.

Company's Disclosure

Zee Learn, in compliance with regulatory requirements, made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's prompt communication reflects its adherence to corporate governance standards.

Looking Ahead

The departure of a CFO often signals a period of transition for a company. Zee Learn will now face the task of finding a suitable replacement to guide its financial strategy. The company has not yet announced any plans for Shah's successor.

Anish Shah's tenure and contributions to Zee Learn were not detailed in the announcement, but his departure marks a significant change for the company's financial leadership.

Zee Learn Limited , a prominent player in the education sector, has announced its financial results for the quarter ended September 30, revealing a mixed performance amidst ongoing financial challenges.

Standalone Performance

On a standalone basis, Zee Learn reported revenue from operations of Rs 3,927.02 lakhs for the quarter. The company managed to post a net profit after tax of Rs 47.82 lakhs, demonstrating its ability to maintain profitability despite challenging circumstances.

Consolidated Results

The consolidated picture, however, presents a more complex scenario:

While the consolidated revenue reached Rs 7,425.28 lakhs, the company recorded a net loss of Rs 614.08 lakhs, indicating ongoing pressures on its overall financial health.

Corporate Guarantee Obligations

A significant factor impacting Zee Learn's financial position is the substantial corporate guarantee obligations totaling Rs 65,339.49 lakhs owed to Assets Care Reconstruction Enterprise Limited (ACRE). This obligation stems from credit facilities availed by four trusts/entities, for which Zee Learn and its subsidiary, Digital Ventures Private Limited (DVPL), had provided corporate guarantees.

Auditor's Concerns

The company's auditors have issued qualified opinions on both standalone and consolidated results, highlighting several areas of concern:

1. Impairment assessment of receivables worth Rs 73,487.04 lakhs from four trusts.
2. The company's investments in its subsidiary, Digital Ventures Private Limited, valued at Rs 34,332.98 lakhs.
3. DVPL's ongoing Corporate Insolvency Resolution Process (CIRP) proceedings, although an application for withdrawal has been filed.

Management's Stance

Despite these challenges, Zee Learn's management maintains an optimistic outlook. They believe that the outstanding amounts will be recovered through asset monetization and have prepared the financial statements on a going concern basis.

Looking Ahead

As Zee Learn navigates through these financial complexities, stakeholders will be closely watching how the company addresses its corporate guarantee obligations and improves its consolidated performance. The resolution of DVPL's CIRP proceedings and the potential recovery of significant receivables will be crucial factors in shaping the company's financial future.

Investors and industry observers should keep a close eye on Zee Learn's strategic moves in the coming quarters, as the company strives to overcome its current financial challenges and return to a path of sustainable growth.