MT Educare Limited — Board Meeting, 14-11-2024: Outcome of Board Meeting

The board meeting resulted in the approval of the un-audited standalone and consolidated financial results for the second quarter and half-year of FY 2024-25, ending September 30, 2024. The standalone revenue was reported at ₹12.88 Cr and a loss before tax of ₹10.09 Cr, reflecting ongoing challenges as the company navigates its corporate insolvency resolution process. Total assets amounted to ₹21,701.80 Cr, with liabilities of ₹17,584.64 Cr, indicating a stressed financial position. This outcome highlights the need for careful monitoring as the company seeks a path to recovery.