Moxsh Overseas Educon Limited — Important, 21-12-2024: Updates

**Updates:**

Moxsh Overseas Educon Limited has submitted an updated Annual Report for FY 2023-24 to the National Stock Exchange, correcting an oversight regarding the Standalone Balance Sheet which was unintentionally omitted. This issue is now rectified, and the company has expressed regret for any inconvenience caused. The updated report is expected to enhance clarity for stakeholders, ensuring compliance and accurate reporting moving forward.

---

**Investor Presentation Summary:**

1. **Financial Highlights:** For FY 2023-24, Moxsh reported a total income of ₹1,107.96 Cr, down from ₹1,230.97 Cr in FY 2022-23. Losses increased to ₹225.40 Cr, reflecting rising expenses which totaled ₹1,385.00 Cr, primarily due to higher operational costs.

2. **Strategic Initiatives and Growth Drivers:** Moxsh continues to expand its student mobility services, aiming to capitalize on the growing trend of Indian students pursuing education overseas due to limited opportunities in domestic medical colleges. The company is also increasing its online coaching capabilities.

3. **Business Developments:** Moxsh has formed partnerships with various foreign universities to enhance its course offerings, particularly for the MBBS equivalent programs.

4. **Market Position and Competitive Advantage:** Positioned as a key player in the student mobility sector, Moxsh leverages its existing reputation and experience to attract students, implementing a dual approach of education counseling and exam preparation.

5. **Investor Implications:** Despite a challenging financial year, Moxsh shows potential for growth through strategic expansions and new service offerings. Investors should monitor management's execution of these strategies closely as they aim to restore profitability.

---

**Company Announcements Summary:**

Moxsh Overseas Educon Limited has declared that its 6th AGM will be held through video conferencing. Key items on the agenda include adopting the financial results for FY 2023-24 and the appointment of statutory auditors for a five-year term. In a bid to enhance its capital base, the company aims to increase its authorized share capital significantly and approve the issuance of bonus equity shares at a ratio of 3:1 to existing shareholders. These actions reflect Moxsh's strategy to strengthen its position in the education sector while addressing the interests of its shareholders.