CL Educate Limited — Board Meeting, 04-02-2025: Outcome of Board Meeting

The Board of Directors of CL Educate Limited has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. The consolidated revenue from operations amounted to ₹50.84 crore, with total expenses reaching ₹76.84 crore, resulting in a loss before tax of ₹44.50 crore. The company has granted 75,286 ESOPs and confirmed its upcoming acquisition of NSEIT's digital examination business for an initial ₹230 crore, alongside a potential ₹75 crore contingent payment. The management asserts a strong position concerning ongoing legal matters with the Nalanda Foundation.