Shareholders meeting

(cid:31)(cid:30)(cid:29)(cid:28)(cid:27)(cid:26)(cid:25) (cid:24) (cid:23)(cid:22)(cid:21)(cid:22)(cid:20)(cid:20)(cid:22)(cid:19)(cid:18)(cid:17)(cid:24)(cid:16)(cid:15)(cid:30)(cid:27)(cid:14)(cid:13)(cid:14)(cid:20)(cid:17) (cid:12)(cid:11)(cid:12)(cid:10)(cid:9)(cid:12)(cid:8) (cid:31)(cid:30)(cid:30)(cid:29)(cid:28)(cid:27)(cid:26)(cid:25)(cid:24)(cid:23)(cid:22)(cid:21)(cid:20)(cid:26) ANNUAL REPORT 2025-26 | 1 Contents Page No. Corporate Information 2 About Us 3 Corporate Overview Our Strengths 4 Management Perspective 6 Management Discussion and Analysis 9 Statutory Reports Shareholder’s Report 18 Report on Corporate Governance 51 Standalone Independent Auditor’s Report 73 Balance Sheet 84 Statement of Profit and Loss 85 Statement of Cash Flows 86 Statement of Changes in Equity 88 Notes Forming Part of the Standalone Financial Statements 89 Financial Statements Consolidated Independent Auditor’s Report 135 Balance Sheet 142 Statement of Profit and Loss 143 Statement of Cash Flows 144 Statement of Changes in Equity 146 Notes Forming Part of the Consolidated Financial Statements 147 Notice 195 Scan this code with a QR reader app on your smartphone or tablet and learn more about us: https://www.mteducare.com ANNUAL REPORT 2025-26 | 1 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Corporate Information BOARD OF DIRECTORS KEY MANAGEMENT NOTE Pursuant to the Order dated 16th Mr. Roshan Lal Kamboj Chief Financial Officer December, 2022 of the Hon’ble National - Independent, Non-Executive Director Nil Company Law Tribunal, Mumbai (“NCLT Order”), Corporate Insolvency Mr. Dattatraya Kelkar Company Secretary & Compliance Resolution Process (“CIRP Process”) - Independent, Non-Executive Director Officer has been initiated against the Company Mr. Ravindra Mishra in accordance with the provisions of Mr. Nanette D’sa the Insolvency and Bankruptcy Code, - Independent, Non-Executive Director Bankers 2016, (“Code”) and related rules and Axis Bank Limited regulations issued thereunder with effect Mr. Surender Singh Kotak Mahindra Bank Limited from 16th December, 2022 (Corporate - Non-Independent, Non-Executive ICICI Bank Limited Insolvency Resolution Process Director Commencement Date). Mr. Ashish STATUTORY AUDITORS Bhuvanji Shah has been appointed as Mr. Vipin Choudhary M/s. MGB & Co. LLP Interim Resolution Professional (“IRP”) - Non-Independent, Executive Director Chartered Accountants in terms of the NCLT Order. IRP has Mumbai constituted Committee of Creditors Mr. Karunan Kandoi on 21st March, 2022 pursuant to 2nd - Independent, Non-Executive Director SECRETARIAL AUDITORS NCLT Order wherein appointed as M/s. Shravan A. Gupta & Associates New Resolution Professional in the Company Secretaries application filed by Prudent ARC by BOARD COMMITTEES Mumbai the Hon’ble NCLT, Mumbai Bench and currently he is in charge of Company’s Audit Committee REGISTERED OFFICE Operation. Mr. Roshan Lal Kamboj MT Educare Limited (In CIRP) Dr. Dattatraya Kelkar (CIN: L80301MH2006PLC163888) Ms. Nanette D’sa 220, 2nd Floor, “FLYING COLORS”, Mr. Surender Singh Pandit Din Dayal Upadhyay Marg, L.B.S. Cross Road, Mulund (West), Nomination and Remuneration Mumbai - 400080 Committee Phone No.: 022 25937700/800 Dr. Dattatraya Kelkar Email ID: info@mteducare.com Mr. Roshan Lal Kamboj Website: www.mteducare.com Ms. Nanette D’sa Mr. Surender Singh REGISTRAR & TRANSFER AGENT MUFG Intime India Private Limited Stakeholders Relationship Committee (Formerly Known as Link Intime India Mr. Roshan Lal Kamboj Private Limited) Dr. Dattatraya Kelkar C-101, 247 Park, L.B.S. Marg, Vikhroli Ms. Nanette D’sa (West), Mumbai - 400083 Mr. Surender Singh Corporate Social Responsibility Committee Dr. Dattatraya Kelkar Mr. Roshan Lal Kamboj Ms. Nanette D’sa Mr. Surender Singh 2 | MT EDUCARE LIMITED CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Shaping Tomorrow’s Achievers For over 35 years, MT Educare, a proud subsidiary of Zee Learn We achieve this by Ltd., has been empowering students to unlock their potential l Providing high-quality, comprehensive coaching and and achieve academic excellence. From its beginnings as support services tailored to the diverse needs of students Mahesh Tutorials in a modest Mumbai classroom, the across various academic levels and disciplines. Company has grown into a trusted education network l Harnessing the latest technologies and teaching across Maharashtra, Western India, Punjab, and beyond. By methodologies to enhance learning outcomes and facilitate combining proven teaching methodologies with technology- seamless access to educational resources. enabled learning and personalised mentorship, MT Educare l Engaging with stakeholders, including parents, educators, prepares students to excel in an evolving world. and communities, to build partnerships that promote student achievement and holistic development. Nurturing Potential, Inspiring Excellence At MT Educare, every student’s journey begins with recognising l Cultivating a dynamic learning environment that fosters individual potential. Through flagship initiatives such as the critical thinking, creativity, and collaboration, preparing Aakaar Aarohan programme, students receive structured students for success in an ever-evolving world. coaching for competitive examinations including NEET and IIT- l Nurturing a culture of excellence, integrity, and continuous JEE, complemented by Olympiad preparation and conceptual improvement among our team members, ensuring they are learning that builds analytical thinking and academic confidence. equipped with the knowledge and skills to support student success. Enabling Holistic Growth l Upholding our commitment to social responsibility by Learning extends well beyond the classroom. Continuous providing access to education and opportunities for assessments, personalised counselling, and dedicated mentoring underprivileged students, thereby contributing to the help students progress with confidence at every stage of their advancement of society as a whole. academic journey. Celebratory platforms such as Convergence and AFAE (Awards for Academic Excellence) recognise achievement, inspire healthy competition, and foster a culture of continuous improvement. Expanding Opportunities for Every Learner Committed to making quality education more accessible, MT Educare supports talented students from diverse socio-economic backgrounds through initiatives such as Aakaar Aarambh. By identifying and nurturing promising learners, the Company helps create pathways to success irrespective of circumstance. Building Future-Ready Achievers As education continues to evolve, MT Educare remains focused on enhancing learning through innovative pedagogy, digital technologies, and student-centric experiences. By nurturing curiosity, resilience, critical thinking, and leadership, the Company is shaping tomorrow’s achievers who are equipped not only to succeed academically but also to make a meaningful impact in the world. Vision guides us To be the foremost provider of innovative and transformative education solutions, empowering students to excel academically and personally, while fostering a lifelong love for learning. Mission drives us At MT Educare Limited, our mission is to deliver unparalleled educational experiences that inspire, empower, and enrich the lives of students. ANNUAL REPORT 2025-26 | 3 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Building Academic Excellence Through Innovation At MT Educare, we empower students with the knowledge, skills, and confidence to excel in an ever-evolving world. By combining innovative pedagogy, technology-enabled learning, and personalised guidance, we create an engaging environment where every learner is encouraged to grow, achieve, and realise their full potential. WHAT SETS US APART Academic Excellence A balanced blend of experienced faculty, proven teaching methodologies, and student-first practices that deliver meaningful [Showing first 8,000 characters — download PDF for full document]