Annual Report of IEC Education Limited for the FY 2025-26

Date: 04th September, 2026 The Manager (Listing Department), BSE Limited P.J. Towers, Dalal Street, 25th Floor, Mumbai – 400001 Name of Scrip: IEC EDUCATION LIMITED Scrip Code: 531840 Dear Sir/Madam, Subject: Submission of Annual Report In compliance with the provisions of Regulation 34 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of Annual Report of the Company for the year ended March 31, 2026. The aforesaid documents are being sent to all eligible shareholders and are also available on the website of the company www.iecgroup.in Further, the Annual Report can also be easily accessible with the following QR code: You are requested to take the same on your records. Thanking you. Yours faithfully, For IEC Education Limited Navin Gupta Chief Executive Officer IEC EDUCATION LIMITED CIN : L74899DL1994PLC061053 Regd. Off. : E-578, First Floor, Greater Kailash-II, New Delhi-110048 Website : www.iecgroup.in | E-mail : cs@iecgroup.in ANNUAL REPORT 2025-2026 COMPANY INFORMATION IEC EDUCATION LIMITED CIN- L74899DL1994PLC061053 Board of Directors (As on 01.09.2026) Stakeholder Relationship Committee Mr. Bijoy Kumar Pandit Mr. Sunil Kumar Chairman, Independent Non-Executive Director Chairman, Independent Mr. Sunil Kumar Mr. Bijoy Kumar Pandit Independent Non-Executive Director Member, Independent Mr. Vipin Kumar Kushwaha Mr. Vipin Kumar Kushwaha Independent Non-Executive Director Member, Independent Mrs. Shalini Gupta Key Managerial Persons Non-Independent Director, Non-Executive Director Dr. Navin Gupta Chief Executive Officer Committees of the Board Audit Committee Mr. Shrey Rustagi Mr. Sunil Kumar Company Secretary Chairman, Independent Mr. Bhishma Prasad Yadav Mr. Bijoy Kumar Pandit Chief Financial Officer Member, Independent Registrar & Transfer Agents Mr. Vipin Kumar Kushwaha Alankit Assignments Limited, Member, Independent 205-208, Anarkali Complex, Member,Independent Jhandewalan Ext. New Delhi - 110055 Nomination and Remuneration Committee Website: www.iecgroup.in Mr. Vipin Kumar Kushwaha Subsidiary Companies: Chairman, Independent IEC Education and InfrastructureLtd. IEC Learning and Management Ltd. Mr. Bijoy Kumar Pandit IEC Leasing and Capital Management Ltd. Member, Independent Registered Office: Mr. Sunil Kumar E-578, First Floor, Greater Kailash-II, Member, Independent New Delhi -110048 www.iecgroup.inI1 ANNUAL REPORT 2025-2026 Contents  Notice AGM 2026 3  Director’s Report 16  Secretarial Audit Report 30  Report on Corporate Governance 34  Certificate on non-disqualification of Directors 44  Certificate of CEO 46  Certificate on Corporate Governance 47  Declaration of CFO and CEO 49  Management Discussion and Analysis Report 50 STANDALONE FINANCIAL STATEMENTS  Standalone Independent Auditor’s Report 53  Balance Sheet 66  Statement of Profit & Loss Account 68  Cash Flow Statement 69  Significant Accounting Policies 71  Notes forming part of the Financial Statements 83 STANDALONE FINANCIAL STATEMENTS  Consolidated Independent Auditor’s Report 112  Balance Sheet 122  Statement of Profit & Loss Account 124  Cash Flow Statement 125  Significant Accounting Policies 127  Notes forming part of the Financial Statements 128  Statement Pursuant to Form AOC-1 153 www.iecgroup.inI2 ANNUAL REPORT 2025-2026 NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Thirty-Two (32nd) Annual General Meeting (“AGM”) of the Members of IEC Education Limited will be held on Monday, September 28, 2026, at 10:00 A.M. (IST) through Video Conferencing (“VC”) / other audio-visual means (“OAVM”) to transact the following business: ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Standalone & Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Report of Auditors and Directors thereon 2. To appoint a director in place of Mrs. Shalini Gupta (DIN: 00114181) who retires by rotation and being eligible, offers herself for re-appointment By order of the Board For IEC Education Limited Sd/- Shrey Rustagi Company Secretary Date: 01.09.2026 Place: New Delhi www.iecgroup.inI3 ANNUAL REPORT 2025-2026 NOTES GENERAL INFORMATION: 1. The Ministry of Corporate Affairs (“MCA”) vide its General Circular No.03/2025 dated 22 September 2025, ('MCA Circular') permitted holding of the AGM through VC/OAVM, without physical presence of the Members at a common venue. In compliance with the MCA Circulars, AGM of the Company is being held through VC/OAVM. The Registered Office of the Company shall be deemed to be the venue for the AGM. 2. Alankit Assignments Limited (‘Alankit’) will be providing facility for voting through remote e-voting, participation in the e-AGM through VC/OAVM facility and e-voting during the e-AGM. The procedure for participating in the meeting through VC/OAVM is explained in the notice below and is also available on the website of the Company at https://www.iecgroup.in/investor-relations. 3. In terms of sections 101 and 136 of the Companies Act, 2013 (the ‘Act’) read with the rules made thereunder, regulation 36 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Listing Regulations’) and in terms of MCA circular, the listed companies may send the notice of AGM along with the Annual Report only through electronic mode to those members whose e-mail addresses are registered with the Company/Depositories. Accordingly, this notice of Thirty-Two e-AGM has been sent to the Members whose e-mail addresses are registered with the Company/Depositories. Members may note that the Notice of Thirty-Two e-AGM and Annual Report for FY 2026 will also be available on the Company’s website at https://www.iecgroup.in/investor-relations website of the stock exchanges viz., BSE Ltd. (‘BSE’) at https://www.bseindia.com/ and on the website of Alankit. In this notice, the term member(s) or shareholder(s) are used interchangeably. 4. Since this e-AGM is being held through VC/OAVM, physical attendance of members has been dispensed with. Accordingly, the facility for appointment of proxies by the members will not be available for thee- AGM. Hence, the proxy form, attendance slip and route map are not annexed to this Notice. 5. Institutional/Corporate shareholders (i.e., other than individuals/HUF, NRI, etc.) are required to send a scanned copy (pdf/jpg format) of its board or governing body’s resolution/authorisation, etc., authorising their representative to attend the e-AGM on its behalf and to vote through remote e-voting. The said resolution/authorisation shall be sent to the scrutinizer by e-mail through its registered e-mail address to csteenarani@gmail.com with a copy marked to vijayps1@alankit.com. 6. Statement pursuant to section 102 of the Act forms apart of this Notice. 7. Brief details of the director, who is being re-appointed, is annexed hereto as per requirements of regulation 36(3) of the Listing Regulations and Secretarial Standard on General Meetings. 8. The facility of joining the e-AGM through VC/OAVM will be opened 30 minutes before the scheduled start time of the e-AGM. 9. For more details on shareholders’ matters, please refer to the section on ‘General Shareholder Information’, included in the Annual Report. www.iecgroup.inI4 ANNUAL REPORT 2025-2026 Speaker Registration: 10. Members who would like to express their views or ask questions may register themselves as a speaker by sending their quest mentioning their name, demat account number/folio number, E-mail ID and mobile number at cs@iecgroup.in. Only those speaker registration requests received till Saturday, the 26th Day of September, 2026 shall be considered and allowed as Speakers during the AGM. 11. Further, members registered as “Speakers” will be allowed to use their camera/webcam during e-AGM and hence are requested to use internet with good bandwidth to avoid any disconnection or [Showing first 8,000 characters — download PDF for full document]