MT Educare Limited — Others, 13-08-2025: Change in Management
13-08-2025 | 05:00 pm
13-08-2025 | 05:00 pm
MT Educare, currently under corporate insolvency, has announced the outcome of its recent board meeting. The Resolution Professional (RP) and directors took on record the financial results for the quarter ended June 30, 2025. The company reported a standalone net loss of ₹0.15 Cr on revenue of ₹0.38 Cr, and a consolidated net loss of ₹1.37 Cr on revenue of ₹0.69 Cr. Auditors issued a disclaimer of conclusion on these financials due to uncertainties from the ongoing insolvency process, unverified claims, and concerns about the company's ability to continue operations. The 19th Annual General Meeting is scheduled for September 24, 2025, to consider director and auditor re-appointments.
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