Board Meeting Details

The Board of Directors meeting was held on October 30, 2026, commencing at 03:30 PM and concluding at 04:40 PM.

Key Approvals

1. Approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026

2. Approved Interim Dividend of ₹4.00 per equity share of face value ₹2 each for Financial Year 2026-27

Dividend Details

  • Record date: November 6, 2026
  • Payment completion date: On or before November 27, 2026
  • Total dividend amount: ₹6,999.30 lakhs

Financial Results - Standalone (₹ in lakhs)

Quarter Ended September 30, 2026

  • Revenue from Operations: ₹7,259.64
  • Other Income: ₹758.59
  • Total Income: ₹8,018.23
  • Total Expenses: ₹1,885.38
  • Profit before Tax: ₹6,132.85
  • Tax Expense: ₹1,578.22
  • Net Profit after Tax: ₹4,554.63
  • Basic EPS: ₹2.60
  • Diluted EPS: ₹2.60

Half Year Ended September 30, 2026

  • Revenue from Operations: ₹15,460.71
  • Other Income: ₹1,394.37
  • Total Income: ₹16,855.08
  • Total Expenses: ₹3,681.12
  • Profit before Tax: ₹13,173.96
  • Tax Expense: ₹3,333.08
  • Net Profit after Tax: ₹9,840.88
  • Basic EPS: ₹5.62
  • Diluted EPS: ₹5.62

Financial Results - Consolidated (₹ in lakhs)

Quarter Ended September 30, 2026

  • Revenue from Operations: ₹10,265.53
  • Other Income: ₹854.00
  • Total Income: ₹11,205.93
  • Total Expenses: ₹7,607.31
  • Profit before Tax: ₹4,013.28
  • Tax Expense: ₹390.01
  • Net Loss after Tax: ₹(3,623.27)
  • Basic EPS: ₹(2.11)
  • Diluted EPS: ₹(2.11)

Half Year Ended September 30, 2026

  • Revenue from Operations: ₹20,121.33
  • Other Income: ₹1,575.35
  • Total Income: ₹31,963.70
  • Total Expenses: ₹21,466.51
  • Profit before Tax: ₹10,497.19
  • Tax Expense: ₹2,257.36
  • Net Profit after Tax: ₹3,239.83
  • Basic EPS: ₹4.80
  • Diluted EPS: ₹4.80

Subsidiary Performance

Reviewed Subsidiaries (2 entities)

  • Total assets: ₹26,913.26 lakhs as at September 30, 2026
  • Total revenues: ₹9,399.78 lakhs (Q2) and ₹28,104.75 lakhs (H1)
  • Net loss after tax: ₹(509.66) lakhs (Q2) and ₹(959.55) lakhs (H1)
  • Net cash inflows: ₹2,903.51 lakhs (H1)

Unreviewed Subsidiaries (4 entities including step-down)

  • Total assets: ₹4,797.40 lakhs as at September 30, 2026
  • Total revenues: ₹332.35 lakhs (Q2) and ₹597.59 lakhs (H1)
  • Net loss after tax: ₹(436.32) lakhs (Q2) and ₹(631.46) lakhs (H1)
  • Net cash outflows: ₹(50.75) lakhs (H1)

Accounting Policy Change

During H1 FY27, the company changed its depreciation method from Written Down Value (WDV) to Straight Line Method (SLM) for Property, Plant and Equipment, Intangible Assets, Right-of-Use Assets, and Investment Properties. This change reduced depreciation expense by ₹142.88 lakhs for Q2 and ₹2,268.08 lakhs for H1.

Acquisition Activities

1. Edument Consultancy Private Limited: Acquired 5,337 CCPS at ₹10 each for ₹64.36 lakhs and 2,250 CCDs at ₹10,000 each for ₹59.38 lakhs. CCPS carry 0.1% cumulative dividend and voting rights. CCDs revised to carry 0.01% interest and convertible into 41 equity shares each. Edument became subsidiary effective September 30, 2026.

2. Inova Consultancy Limited: Crizac Ltd UK acquired 100% equity for £742,378 (approximately ₹742.38 lakhs) to strengthen international education recruitment business.

Tax Recognition

Recognized deferred tax asset of ₹1,270.10 lakhs for accumulated tax losses of Crizac Limited, UK, based on management's assessment of future taxable profits.

Entity Structure

Consolidated results include:

1. Crizac Limited (Holding Company)

2. Crizac Limited, UK (Wholly owned Subsidiary)

3. UCOL FZE, Dubai (Wholly owned Subsidiary)

4. Studies Planet.Com Limited (Step Down Subsidiary)

5. Global Tree Careers Private Limited (Subsidiary)

6. Edument Consultancy Private Limited (Subsidiary)

7. Inova Consultancy Limited (Step Down Subsidiary)