CL Educate Limited — Others, 14-05-2025: Change in Auditors

CL Educate has announced a board meeting approving the re-appointment of Walker Chandiok & Co. LLP as statutory auditors for five years from FY26 to FY30, along with new appointments for secretarial, internal, and cost auditors for FY26. Consolidated revenue grew 15% to ₹358.08 crore, boosted by the acquisition of DEXIT Global Limited, marking a strategic move into India’s digital assessments market. The company exited its Engineering, Medical, CA, and Bank-SSC coaching segments to avoid overlap with DEXIT’s exam services, cutting losses of ₹9.33 crore from that business. Goodwill from the acquisition is ₹152.97 crore. Operating EBITDA margin was around 6%. CL Educate is maintaining a strong stance on recoverables related to Nalanda Foundation and is actively pursuing appeals on GST disputes.