Arihant Academy Limited — Board Meeting, 19-10-2024: Outcome of Board Meeting

Arihant Academy Limited's Board of Directors has approved an investment to acquire a 51% stake in Zen Education and Learning (ZEAL), enhancing the company's growth in the education sector. This acquisition aims to strengthen Arihant's presence in Maharashtra and complement its services focused on IIT-JEE and NEET coaching. The total investment for this acquisition is approximately INR 8.67 crores, to be paid in two tranches, with completion expected by October 2025.