Details of the Transaction
Crizac Limited has entered into definitive agreements to invest an aggregate amount of approximately ₹1,24,76,944 (Rupees One Crore Twenty Four Lakhs Seventy Six Thousand Nine Hundred Forty Four Only) in Edument Consultancy Private Limited. The investment is being made through the acquisition of Compulsory Convertible Preference Shares (CCPS) and Compulsorily Convertible Debentures (CCD) from existing investors, in one or more tranches, subject to terms and conditions contained in the definitive agreements.
Financial Details and Structure
The total consideration of ₹1,24,76,944 will be paid in cash through one or more tranches. The breakdown is as follows:
- About ₹65,39,439 (Rupees Sixty Five Lakh Thirty Nine Thousand Four Hundred and Thirty Nine Only) for the acquisition of Compulsory Convertible Preference Shares (CCPS) having a face value of ₹9,317 each
- About ₹59,37,505 (Rupees Fifty Nine Lakh Thirty Seven Thousand Five Hundred Five Only) for the acquisition of Compulsory Convertible Debenture (CCD) having a face value of ₹10,000 each
Crizac Limited will acquire 5,444 Compulsorily Convertible Preference Shares (CCPS) and 2,250 Compulsorily Convertible Debentures (CCD) of Edument Consultancy Private Limited.
Ownership Impact
Upon conversion of the CCPS and CCD into equity shares, Crizac Limited will hold 37.41% of the fully diluted share capital of Edument Consultancy Private Limited.
Target Company Information
Edument Consultancy Private Limited is a company incorporated under the Companies Act 2013 with its registered office at 10/1744, 1st Floor, Suite No. 1057, Sowbhagya Building, Athani, Kakkanad, Ernakulam, Kerala, India, 682030.
Business Description: The company is engaged in building and operating an AI-powered B2B platform that enables study abroad counselors, coaching institutes, and university partners to manage student admissions, education loan sourcing, and visa readiness for students seeking higher education overseas. It provides technology products, workflow automation tools, and allied services through a SaaS-based e-platform.
Operational Scale: The platform serves 700+ counseling partners and 200+ university partners across 5+ countries, and has facilitated access to global education opportunities for over 100,000 students across India.
Financial Performance (Last Three Years):
- 2022-23: Turnover of ₹74,49,000
- 2023-24: Turnover of ₹1,19,06,000
- 2024-25: Turnover of ₹1,13,47,000 with Net Profit of ₹(71,87,000) [loss]
Incorporation Date: June 18, 2018
Country of Presence: India
Transaction Characteristics
Industry: EdTech / Study Abroad Technology - B2B SaaS platform for overseas education and allied services including education loan facilitation, visa preparation, and AI-powered admissions infrastructure.
Strategic Rationale: Strategic investment to bring complementary offerings to Crizac's existing customers in the areas of AI-led student mobility infrastructure and cross-border education financing.
Related Party Status: This transaction does not fall under the ambit of Related Party Transaction. The Promoter/promoter group/group companies of Crizac Limited do not have any interest in Edument Consultancy Private Limited.
Regulatory and Timeline Information
Government Approvals: Not Applicable
Expected Completion Date: August 12, 2026
Filing Details
Regulatory Reference: Filed pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026