Nature of the Event
Career Point Edutech Limited has issued a press release pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, announcing the securing of two work orders.
Key Quantitative Figures
The total value of the two work orders is approximately ₹35.75 Crore.
- 11th standard programme: ₹18.15 Crore for 3,000 students
- 12th standard programme: ₹17.60 Crore for 3,500 students
The combined student count across both programmes is 6,500.
Parties Involved
The work orders were secured from the Mahatma Jyotiba Phule Research and Training Institute (MAHAJYOTI), an autonomous institute of the Government of Maharashtra. The students are from the Other Backward Bahujan Welfare Department category across Maharashtra.
Contract Terms and Services
The engagement for each order will run for a two-year term. There is an option to extend the contract annually for up to two additional years by mutual consent on similar terms.
The scope of services includes:
- Live interactive online lectures
- Offline mentoring sessions
- Digital study material
- Online test practice
- Performance tracking
- Provision of tablets with data connectivity where applicable
Payments are structured as installments linked to course-completion milestones.
Management Commentary
Mr. Pramod Kumar Maheshwari, Founder, Chairman & Managing Director, stated that this partnership allows the company to bring its expertise in JEE, NEET and CET preparation to students from the OBC welfare category in Maharashtra. He emphasized the company's mission to make quality competitive exam coaching accessible.