Updates

MT EDUCARE LIMITED CIN: L80903MH2006PLC163888 July 3rd, 2026 Manager (CRD) Manager – Listing Department The BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (East), Mumbai- 400001 Mumbai - 400 051 Scrip Code : 534312 Scrip Code: MTEDUCARE Dear Sir/ Madam, Sub: Disclosure on defaults on payment of Interest/repayment of principal amount on loans from banks/financial institutions and unlisted debt securities under SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21st, 2019. Pursuant to SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/140 dated November 21st, 2019 please refer below statement on defaults on payment of Interest/repayment of principal amount on loans from banks/financial institutions. The delay in payment of interest and repayment of principal began due to the disruption in the education sector caused by COVID-19 pandemic restrictions, followed by subsequent challenges faced by the Company from time to time C2. Disclosure specified in the table below shall be made by listed entities, if on the last date of any quarter (details are as on 30.06.2026) Sr. No Particulars In INR (Crores) 1. Loans / revolving facilities like cash credit from banks / financial institutions A. Total amount outstanding as on date 32.33* B. Of the total amount outstanding, amount of default --* as on date 2. Unlisted debt securities i.e. NCDs and NCRPS NA A. Total amount outstanding as on date -- B. Of the total amount outstanding, amount of default -- as on date 3. Total financial indebtedness of the listed entity 32.33* including short-term and long-term debt Apart from above borrowings by the Company, there are invoked Corporate Guarantee against the Company as under Name of Primary Borrower Amount (INR Secured/ Name of Lender in Crores) unsecured Sri Gayatri Education Society Axis Bank Ltd 7.3 Secured Asset Care & Lakshya Forum for Reconstruction Competitions Private Enterprise Limited Limited 16.69 Secured Regd. Office: 220, 2nd Floor, “Flying Colors” Pandit Din Dayal Upadhyay Marg, L.B.S. Cross Road, Mulund (w), Mumbai-400080 Corporate Office: 135, Continental Building, Dr. A.B. Road, Worli, Mumbai-400018, MH, India. Ph.:022-2937700/800/900, Fax: 022-25937799, Email: info@mteducare.com, secretarial@mteducare.com, Website : www.mteducare.com MT EDUCARE LIMITED CIN: L80903MH2006PLC163888 The above financial default are in accordance with the claim received from Secured Financial Creditors. Kindly take the above on record. *Note: 1) Previously, the loan were held by Assets Care & Reconstruction Enterprises Limited which were duly re-assigned to Prudent ARC Limited vide deed of Assignment dated 11th August, 2023) 2) Shamrao Vithal Co-op Bank Ltd (SVC) has submitted claim of Rs. 49.72 crore on account of corporate guarantee issued by corporate debtor for its subsidiary Labh Ventures India Pvt Ltd. However, SVC Bank Ltd has not invoked corporate guarantee till Insolvency Commencement Date i.e 16-12-2022, therefore, claim of SVC Bank Ltd. Has been rejected, however the said Bank had filed an IA before the Hon’ble NCLT, Mumbai which were dismissed by the said Bench vide Order dated 27th March, 2025, however the Bank had filed appeal against the Order in Hon’ble NCLAT and the decision on the same is still pending. 3) In view of the ongoing CIRP proceedings, no changes have occurred in the information previously submitted in the disclosure. Thanking you Yours faithfully, For, MT Educare Limited (In CIRP) (Arihant Nenawati) Resolution Professional IP Reg. No: IBBI/IPA-001/IP-P00456/2017-2018/10799 Email ID: mteducare.cirp@gmail.com Note: Pursuant to the Order dated 16th December, 2022 of the Hon’ble National Company Law Tribunal, Mumbai (“NCLT Order”), Corporate Insolvency Resolution Process (“CIR Process”) has been initiated against the Company in accordance with the provisions of the Insolvency and Bankruptcy Code, 2016, (“Code”) and related rules and regulations issued thereunder with effect from 16th December, 2022 (Corporate Insolvency Resolution Process Commencement Date). Mr. Ashwin Bhavanji Shah has been appointed as Interim Resolution Professional (“IRP”) in terms of the NCLT Order, IRP has constituted Committee of Creditors on 21-08-2023. previously, IRP was performing function as Resolution Professional under regulation 17(3) of CIRP of IBBI, however on 22nd January, 2024, Mr. Arihant Nenawati were appointed as New Resolution Professional in the application filed by Prudent ARC by the Hob’ble NCLT, Mumbai Bench. Regd. Office: 220, 2nd Floor, “Flying Colors” Pandit Din Dayal Upadhyay Marg, L.B.S. Cross Road, Mulund (w), Mumbai-400080 Corporate Office: 135, Continental Building, Dr. A.B. Road, Worli, Mumbai-400018, MH, India. Ph.:022-2937700/800/900, Fax: 022-25937799, Email: info@mteducare.com, secretarial@mteducare.com, Website : www.mteducare.com