Career Point Edutech Limited has disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that it secured a work order worth ₹1.5 crore from Vasantrao Naik Research and Training Institute (VANARTI), an autonomous institute of the Government of Maharashtra, on June 05, 2026.
Nature of Contract
The company has been empanelled and awarded a contract by VANARTI to provide online and offline coaching services for JEE/NEET/CET examinations to candidates sponsored by VANARTI belonging to Other Backward Bahujan Welfare Department categories of Maharashtra.
Contract Details
- Contract Value: ₹1,50,90,000 for 300 students
- Services Provided: Online live interactive lectures, offline mentoring sessions, digital study material, online test practice, performance tracking, and provision of tablets with data-connectivity (where applicable)
- Payment Terms: Payments will be made in installments linked to course completion milestones
- Contract Duration: The work order is valid for two years and may be extended annually for up to two additional years by mutual consent on similar terms
- Entity Type: Domestic entity
- Nature: Education - online and offline coaching services
Related Party Considerations
The disclosure confirms that:
- The promoter/promoter group/group companies have no interest in the entity that awarded the order
- The order does not fall within related party transactions