Arihant Academy Limited — Important, 08-02-2025: Updates

The Board of Directors of Arihant Academy Limited has approved the acquisition of two educational entities — Carmel Classes and Carmel Tuition — for inorganic growth. Both businesses are located in Vasai, Maharashtra, and offer educational services, targeting school sections from classes 8 to 10 for various boards, as well as additional professional courses.

The acquisition will be effective from April 1, 2025. For Carmel Classes, the consideration is set at ₹3.44 crore (Cr), while Carmel Tuition will be acquired for ₹3.56 Cr, based on valuation reports. The combined turnover of both entities as of March 31, 2024, stands at approximately ₹7 crore, indicating strong potential synergies and an expanded market presence for Arihant Academy. This strategic move presents positive growth opportunities for investors as the company strengthens its foothold in the educational sector. Investors should watch closely the execution of this plan and the anticipated impact on revenue streams.