MT Educare Limited — Others, 13-08-2025: Change in Management

MT Educare Limited, currently undergoing corporate insolvency, had its Resolution Professional-led board review the Q1 financial results. The company reported a standalone net loss of 1.50 Cr on revenues of 3.79 Cr, and a consolidated net loss of 13.68 Cr on revenues of 6.91 Cr. Significantly, the statutory auditors issued a disclaimer of conclusion on these results, highlighting material uncertainties about the company's ability to continue as a going concern due to the ongoing CIRP. Other key approvals included convening the 19th Annual General Meeting and the re-appointment of a Non-Executive Director and various auditors, where shareholder consent is required.