Career Point Edutech Limited has secured a work order worth ₹17.6 crore from Mahatma Jyotiba Phule Research and Training Institute (MAHAJYOTI), Nagpur, an autonomous institute of the Government of Maharashtra. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Nature of the Event
The company has been awarded a domestic work order for providing online coaching services for 12th JEE/NEET/CET examinations.
Key Contract Details
- Awarding Entity: Mahatma Jyotiba Phule Research and Training Institute (MAHAJYOTI), Nagpur
- Contract Value: ₹17,60,50,000 (Seventeen Crore Sixty Lakh Fifty Thousand Rupees)
- Student Capacity: 3,500 students
- Geographic Scope: Domestic (State of Maharashtra)
- Beneficiary Category: Candidates belonging to Other Backward Bahujan Welfare Department categories of Maharashtra
Services to be Provided
The company will provide comprehensive online coaching services including:
- Online live interactive lectures
- Offline mentoring sessions
- Digital study-material
- Online test-practice
- Performance-tracking
- Provision of tablets with data-connectivity (where applicable)
Contract Duration
The work order is valid for two years with possibility of extension annually for up to two additional years by mutual consent on similar terms.
Payment Terms
Payments will be made in installments linked to course-completion milestones.
Related Party Considerations
- 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