Key Decisions and Approvals

The Board meeting, which commenced at 03:30 PM and concluded at 04:00 PM, considered and approved the following items:

1. Unaudited Financial Results: Approved the Unaudited Financial Results for the half year ended 30 September 2026.

2. Limited Review Report: Approved the Limited Review Report on the Unaudited Financial Results for the half year ended 30 September 2026, issued by the statutory auditors, AV HP & COMPANY LLP.

3. Appointment of Secretarial Auditor: Based on the recommendation of the Audit Committee, approved the appointment of Ms. Neeta Desai of M/s N D & Associates (COP No. 4741), Practicing Company Secretary, as the Secretarial Auditor of the Company for a single term of five consecutive years, commencing from FY 2026-27 to FY 2030-31.

4. Appointment of Internal Auditor: Based on the recommendation of the Audit Committee, approved the appointment of Mr. Pratik Gamot as the Internal Auditor of the Company for the financial year 2026-2027.

Financial Results for H1 FY27 (Half Year Ended 30 September 2026)

The reviewed unaudited financial results are presented in ₹ Lakhs.

Profit & Loss Statement:

  • Total Income: ₹1,241.00 Lakhs (comprising Revenue from Operations: ₹1,490.74 Lakhs and Other Income: ₹0.78 Lakhs)
  • Total Expenses: ₹1,503.15 Lakhs (breakdown: Cost of materials consumed ₹51.69 Lakhs; Operating expenses ₹64.03 Lakhs; Purchase of stock-in-trade ₹21.86 Lakhs; Changes in inventories ₹79.90 Lakhs; Employee benefits expense ₹262.76 Lakhs; Depreciation ₹40.83 Lakhs; Finance costs ₹341.55 Lakhs; Other expenses ₹862.62 Lakhs)
  • Profit Before Tax (PBT): ₹640.53 Lakhs
  • Total Tax Expense: ₹162.12 Lakhs (Current Tax ₹147.83 Lakhs; Deferred Tax ₹14.29 Lakhs)
  • Profit For The Period (Net Profit): ₹478.41 Lakhs
  • Earnings Per Share (EPS) (Face Value ₹10): Basic ₹6.02; Diluted ₹6.02 (Not Annualized)

Comparative Figures:

  • H1 FY26 (30-Sep-25) Net Profit: ₹386.29 Lakhs
  • Full Year FY26 (31-Mar-26) Net Profit: ₹749.92 Lakhs (Audited)

Balance Sheet as at 30 September 2026:

  • Total Equity: ₹5,100.83 Lakhs (Share Capital ₹931.69 Lakhs; Reserves and Surplus ₹4,169.14 Lakhs)
  • Total Liabilities: ₹5,805.16 Lakhs
  • Total Assets: ₹5,805.16 Lakhs
  • Non-current Assets: ₹2,384.15 Lakhs (Property, Plant and Equipment ₹312.67 Lakhs; Intangible Assets ₹2,071.48 Lakhs)
  • Current Assets: ₹3,421.01 Lakhs (Inventories ₹325.78 Lakhs; Trade Receivables ₹550.09 Lakhs; Cash & Cash Equivalents ₹220.02 Lakhs; Other Bank Balances ₹2,202.64 Lakhs; Other Current Assets ₹122.48 Lakhs)

Cash Flow Statement for H1 FY27:

  • Net Cash from Operating Activities: ₹478.35 Lakhs
  • Net Cash Used in Investing Activities: ₹(2,898.41) Lakhs (primarily due to Cost Incurred on Intangible Assets ₹(123.41) Lakhs and Investment in Fixed Deposits (net) ₹(684.41) Lakhs)
  • Net Cash from Financing Activities: ₹2,509.62 Lakhs (primarily from Proceeds from issue of share Capital ₹3,163.15 Lakhs, net of capital raising expenses and repayments)
  • Net (decrease) in Cash: ₹(5.44) Lakhs

Details of Auditor Appointments

Secretarial Auditor - Ms. Neeta Desai (M/s N D & Associates):

  • Date of Appointment: 29 October 2026
  • Term: Five consecutive years (FY 2026-27 to FY 2030-31)
  • Profile: A sole proprietorship managed by Ms. Neeta Desai, a Fellow member of ICSI with over 25 years of experience in corporate laws, governance, and secretarial audit.
  • Relationship with Directors: Not related to any directors.

Internal Auditor - Mr. Pratik Gamot:

  • Date of Appointment: 29 October 2026
  • Term: For the Financial Year 2026-27
  • Profile: A Commerce Graduate with over 12 years of experience in finance, accounting, and regulatory compliance; currently pursuing CA Final.
  • Relationship with Directors: Not related to any directors.

Additional Notes from Financial Statements

  • The company completed its Initial Public Offer (IPO) during H1 FY26 (ended 30 September 2026). The IPO comprised a fresh issue of 19,89,400 equity shares (including 696,800 shares to anchor investors) at an issue price of ₹159 per share (including a premium of ₹149 per share), aggregating ₹3,163.15 Lakhs. An Offer For Sale of 465,800 equity shares by selling shareholders aggregated ₹740.62 Lakhs.
  • The shares were listed on the SME Platform of BSE Limited on 7 August 2026.
  • Share issue expenses attributable to the fresh issue amounted to ₹385.64 Lakhs, adjusted against the securities premium account as per Section 52 of the Companies Act, 2013.
  • The company operates a single business segment: providing online and offline educational coaching and content services (B2B and B2C).
  • The figures for the half year ended 31 March 2026 included in the statement are balancing figures between the audited full year and the previously reviewed H1 FY25 figures.

The statutory auditors, AV HP & COMPANY LLP, have issued an unmodified limited review report on the unaudited financial results.