IndAS Details

General information about company
Scrip Code	532696
NSE Symbol	EDUCOMP
MSEI Symbol	NOTLISTED
ISIN	INE216H01027
Name of company	EDUCOMP SOLUTIONS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	24-Sep-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	24-Sep-2025 16:30:00
End date and time of board meeting	24-Sep-2025 17:00:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Statement on impact of audit qualification
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	No
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	Yes
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?	Yes
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	No
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	Yes

Financial Results Ind-AS
Particulars	3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	4334000	36227000
	Other income	7170000	13766000
	Total income	11504000	49993000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	0	458000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	5494000	22648000
(e)	Finance costs	16649000	66249000
(f)	Depreciation, depletion and amortisation expense	2107000	8542000
(f)	Other Expenses
1	Other expenses	11184000	32932000
2	Provision for doubtful trade receivables/advances/ bad debts written off	6110000	7842000
3	Foreign exchange fluctuation	-13394000	232757000
	Total other expenses	3900000	273531000
	Total expenses	28150000	371428000
3	Total profit before exceptional items and tax	-16646000	-321435000
4	Exceptional items	0	0
5	Total profit before tax	-16646000	-321435000
6	Tax expense
7	Current tax	0	0
8	Deferred tax	0	0
9	Total tax expenses	0	0
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-16646000	-321435000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	-16646000	-321435000
17	Other comprehensive income net of taxes	55000	55000
18	Total Comprehensive Income for the period	-16591000	-321380000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	244934000	244934000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		-31699159000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-0.14	-2.62
	Diluted earnings (loss) per share from continuing operations	-0.14	-2.62
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-0.14	-2.62
	Diluted earnings (loss) per share from continuing and discontinued operations	-0.14	-2.62
24	Debt equity ratio	-0.0087	-0.0087
25	Debt service coverage ratio	0.0013	-0.0372
26	Interest service coverage ratio	0	-0.0385
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars	Year ended (dd-mm-yyyy)
Date of start of reporting period	01-Apr-2024
Date of end of reporting period	31-Mar-2025
Whether results are audited or unaudited	Audited
Nature of report standalone or consolidated	Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	46427000
	Capital work-in-progress	0
	Investment property
	Goodwill	0
	Other intangible assets	18515000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	813225000
	Trade receivables, non-current	0
	Loans, non-current	3114000
	Other non-current financial assets	0
	Total non-current financial assets	816339000
	Deferred tax assets (net)	0
	Other non-current assets	2874000
	Total non-current assets	884155000
2	Current assets
	Inventories	2007000
	Current financial asset
	Current investments	0
	Trade receivables, current	1068431000
	Cash and cash equivalents	10410000
	Bank balance other than cash and cash equivalents	91303000
	Loans, current	17492000
	Other current financial assets	4650000
	Total current financial assets	1192286000
	Current tax assets (net)	0
	Other current assets	37282000
	Total current assets	1231575000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	2115730000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	244934000
	Other equity	-31174712000
	Total equity attributable to owners of parent	-30929778000
	Non controlling interest
	Total equity	-30929778000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	538334000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities
	Total non-current financial liabilities	538334000
	Provisions, non-current	2903000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	541237000
	Current liabilities
	Current financial liabilities
	Borrowings, current	26270320000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	11538000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1481821000
	Total Trade payable	1493359000
	Other current financial liabilities	4446495000
	Total current financial liabilities	32210174000
	Other current liabilities	293999000
	Provisions, current	98000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	32504271000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	33045508000
	Total equity and liabilites	2115730000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars	3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period	01-Jan-2025	01-Apr-2024
Date of end of reporting period	31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited	Audited	Audited
Nature of report standalone or consolidated	Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Higher Learning Solutions	0	0
2	School Learning Solutions	4334000	36227000
3	K-12 Schools	0	0
4	Online Supplemental & Global	0	0
	Total Segment Revenue	4334000	36227000
	Less: Inter segment revenue
	Revenue from operations	4334000	36227000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Higher Learning Solutions	0	0
2	School Learning Solutions	-5843000	5199000
3	K-12 Schools	0	0
4	Online Supplemental & Global	0	0
	Total Profit before tax	-5843000	5199000
	i. Finance cost	16649000	16649000
	ii. Other Unallocable Expenditure net off Unallocable income	-5846000	-5846000
	Profit before tax	-16646000	-321435000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Higher Learning Solutions	26000	26000
2	School Learning Solutions	1151646000	1151646000
3	K-12 Schools	0	0
4	Online Supplemental & Global	358000	358000
	Total Segment Asset	1152030000	1152030000
	Un-allocable Assets	963700000	963700000
	Net Segment Asset	2115730000	2115730000
4	Segment Liabilities
	Segment Liabilities
1	Higher Learning Solutions	6000	6000
2	School Learning Solutions	1270430000	1270430000
3	K-12 Schools	110950000	110950000
4	Online Supplemental & Global	43740000	43740000
	Total Segment Liabilities	1425126000	1425126000
	Un-allocable Liabilities	31620382000	31620382000
	Net Segment Liabilities	33045508000	33045508000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars	3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss	-55000	-55000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	55000	55000

Cash flow statement, indirect
Particulars	Year ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025
C	Whether results are audited or unaudited	Audited
D	Nature of report standalone or consolidated	Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax	-321435000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs	66249000
	Adjustments for decrease (increase) in inventories	0
	Adjustments for decrease (increase) in trade receivables, current	30832000
	Adjustments for decrease (increase) in trade receivables, non-current	0
	Adjustments for decrease (increase) in other current assets	0
	Adjustments for decrease (increase) in other non-current assets	0
	Adjustments for other financial assets, non-current	1926000
	Adjustments for other financial assets, current	0
	Adjustments for other bank balances	4306000
	Adjustments for increase (decrease) in trade payables, current	0
	Adjustments for increase (decrease) in trade payables, non-current	0
	Adjustments for increase (decrease) in other current liabilities	-23996000
	Adjustments for increase (decrease) in other non-current liabilities	0
	Adjustments for depreciation and amortisation expense	8542000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss	0
	Adjustments for provisions, current	500000
	Adjustments for provisions, non-current	-7625000
	Adjustments for other financial liabilities, current	0
	Adjustments for other financial liabilities, non-current	0
	Adjustments for unrealised foreign exchange losses gains	232757000
	Adjustments for dividend income	0
	Adjustments for interest income	6135000
	Adjustments for share-based payments	0
	Adjustments for fair value losses (gains)	0
	Adjustments for undistributed profits of associates	0
	Other adjustments for which cash effects are investing or financing cash flow	0
	Other adjustments to reconcile profit (loss)	0
	Other adjustments for non-cash items	5915000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships	0
	Total adjustments for reconcile profit (loss)	313271000
	Net cash flows from (used in) operations	-8164000
	Dividends received	0
	Interest paid	0
	Interest received	0
	Income taxes paid (refund)	-626000
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) operating activities	-7538000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses	0
	Cash flows used in obtaining control of subsidiaries or other businesses	0
	Other cash receipts from sales of equity or debt instruments of other entities	0
	Other cash payments to acquire equity or debt instruments of other entities	0
	Other cash receipts from sales of interests in joint ventures	0
	Other cash payments to acquire interests in joint ventures	0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships	0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships	0
	Proceeds from sales of property, plant and equipment	0
	Purchase of property, plant and equipment	4220000
	Proceeds from sales of investment property	0
	Purchase of investment property	0
	Proceeds from sales of intangible assets	0
	Purchase of intangible assets	0
	Proceeds from sales of intangible assets under development	0
	Purchase of intangible assets under development	0
	Proceeds from sales of goodwill	0
	Purchase of goodwill	0
	Proceeds from biological assets other than bearer plants	0
	Purchase of biological assets other than bearer plants	0
	Proceeds from government grants	0
	Proceeds from sales of other long-term assets	0
	Purchase of other long-term assets	0
	Cash advances and loans made to other parties	0
	Cash receipts from repayment of advances and loans made to other parties	0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts	0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts	0
	Dividends received	0
	Interest received	4379000
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) investing activities	159000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries	0
	Payments from changes in ownership interests in subsidiaries	0
	Proceeds from issuing shares	0
	Proceeds from issuing other equity instruments	0
	Payments to acquire or redeem entity's shares	0
	Payments of other equity instruments	0
	Proceeds from exercise of stock options	0
	Proceeds from issuing debentures notes bonds etc	0
	Proceeds from borrowings	0
	Repayments of borrowings	0
	Payments of lease liabilities	0
	Dividends paid	0
	Interest paid	0
	Income taxes paid (refund)	0
	Other inflows (outflows) of cash	0
	Net cash flows from (used in) financing activities	0
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes	-7379000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents	0
	Net increase (decrease) in cash and cash equivalents	-7379000
	Cash and cash equivalents cash flow statement at beginning of period	17789000
	Cash and cash equivalents cash flow statement at end of period	10410000

Details of Impact of Audit Qualification
Whether results are audited or unaudited	Audited
Declaration of unmodified opinion or statement on impact of audit qualification	Statement on impact of audit qualification
Auditor's opinion	Adverse opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results

Sr No.	Audit firm's name	Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI	Certificate valid upto
1	Kumar Vijay Gupta & Co.	Yes	30-Apr-2028

Audit qualification
Sr.	Details of Audit Qualification	Type of Audit Qualification	Frequency of qualification	For Audit Qualification(s) where the impact is quantified by the auditor	For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views	(i) Management's estimation on the impact of audit qualification	(ii) If management is unable to estimate the impact, reasons for the same	Auditors' Comments on (i) or (ii) above
1	Textual Information(1)	Adverse opinion	Since how long continuing	Textual Information(2)	Textual Information(3)	Textual Information(4)	Textual Information(5)
2	Textual Information(6)	Adverse opinion	Since how long continuing	Textual Information(7)	Textual Information(8)	Textual Information(9)	Textual Information(10)
3	Textual Information(11)	Adverse opinion	Since how long continuing	Textual Information(12)	Textual Information(13)	Textual Information(14)	Textual Information(15)
4	Textual Information(16)	Adverse opinion	Since how long continuing	Textual Information(17)	Textual Information(18)	Textual Information(19)	Textual Information(20)
5	Textual Information(21)	Adverse opinion	Since how long continuing	Textual Information(22)	Textual Information(23)	Textual Information(24)	Textual Information(25)
6	Textual Information(26)	Adverse opinion	Since how long continuing	Textual Information(27)	Textual Information(28)	Textual Information(29)	Textual Information(30)
7	Textual Information(31)	Adverse opinion	Since how long continuing	Textual Information(32)	Textual Information(33)	Textual Information(34)	Textual Information(35)
8	Textual Information(36)	Adverse opinion	Repetitive	Textual Information(37)	Textual Information(38)	Textual Information(39)	Textual Information(40)
9	Textual Information(41)	Adverse opinion	Repetitive	Textual Information(42)	Textual Information(43)	Textual Information(44)	Textual Information(45)
10	Textual Information(46)	Adverse opinion	Since how long continuing	Textual Information(47)	Textual Information(48)	Textual Information(49)	Textual Information(50)
11	Textual Information(51)	Adverse opinion	Since how long continuing	Textual Information(52)	Textual Information(53)	Textual Information(54)	Textual Information(55)
12	Textual Information(56)	Adverse opinion	Since how long continuing	Textual Information(57)	Textual Information(58)	Textual Information(59)	Textual Information(60)
13	Textual Information(61)	Adverse opinion	Since how long continuing	Textual Information(62)	Textual Information(63)	Textual Information(64)	Textual Information(65)
14	Textual Information(66)	Adverse opinion	Since how long continuing	Textual Information(67)	Textual Information(68)	Textual Information(69)	Textual Information(70)
15	Textual Information(71)	Adverse opinion	Since how long continuing	Textual Information(72)	Textual Information(73)	Textual Information(74)	Textual Information(75)
16	Textual Information(76)	Adverse opinion	Since how long continuing	Textual Information(77)	Textual Information(78)	Textual Information(79)	Textual Information(80)
17	Textual Information(81)	Adverse opinion	Since how long continuing	Textual Information(82)	Textual Information(83)	Textual Information(84)	Textual Information(85)
18	Textual Information(86)	Adverse opinion	Since how long continuing	Textual Information(87)	Textual Information(88)	Textual Information(89)	Textual Information(90)
19	Textual Information(91)	Adverse opinion	Since how long continuing	Textual Information(92)	Textual Information(93)	Textual Information(94)	Textual Information(95)

Text Block
Textual Information(1)	The Company did not conduct physical verification of Property, Plant and Equipment during the year ended March 31, 2025. In absence of same, we are unable to comment over existence, valuation and the extent of the adjustment, if any, required in respect of these assets as at March 31, 2025 and the resultant possible impact of the same on the loss for the year ended on that date. n
Textual Information(2)	Not quantified by auditors and hence no management view n
Textual Information(3)	Could not be quantified
Textual Information(4)	The management has physically verified the fixed assets lying only at Corporate Office Gurgaon on October 23, 2020. The offices at other locations of the company have been shut down due to liquidity and business constraints and the assets lying at these locations have been shifted to the warehouses based out at Mahipalpur (New Delhi) and Chennai which could not be physically verified during the year. n
Textual Information(5)	No further comments
Textual Information(6)	As regards trade receivable amounting to Rs. 10,684.31 lakhs (net of provision of Rs. 49,956.70 lakhs), as on March 31, 2025, the management is of the view that the same are good and recoverable in due course and hence no further provision is required. In the absence of appropriate audit evidence including balance confirmations, correspondences from parties, and details of subsequent realization, we are unable to comment on the recoverability of balance outstanding trade receivables and the possible impact on the loss for the quarter and year ended March 31, 2025 and on balance of trade receivables and equity as on that date. n
Textual Information(7)	Not quantified by auditors and hence no management view n
Textual Information(8)	Could not be quantified n
Textual Information(9)	The Provision has been created on trade receivables which are very old or under litigation. During the year, the Company has recovered a sum of Rs.81.69 lakhs from some of these customers. The receivables are considered good and recoverable and the Company hopes to collect the balance receivables in the next two years subject to their service commitments with the customers under these contracts. n
Textual Information(10)	No further comments n
Textual Information(11)	The Company follows Expected Credit Loss (ECL) model for measuring impairment of its trade receivables. The ECL allowance or loss rate is computed based on a provision matrix which takes in to account historical credit loss experience. We have not been provided with the workings of such loss rate computed by the Company. Further, the Company has not taken effect of aforesaid loss rate in computation of impairment provision, if any on trade receivable over and above the existing provision in the books of account. In absence of relevant workings and other details, we are unable to comment on the appropriateness of the loss rate and the possible impact of not considering the effect of the loss rate in impairment provision on the trade receivables balances as at March 31, 2025 and the loss for the quarter and year March 31, 2025 and, on the equity, as on that date. n
Textual Information(12)	Not quantified by auditors and hence no management view n
Textual Information(13)	Could not be quantified n
Textual Information(14)	The Company was put under CIRP in May 2017 and the resolution plan has been approved but not implemented. Most of the trade receivables are very old or under litigation have been fully provided for with 100% provision. In addition, provision @ 60% has been made in cases where the arbitration award has been passed in favour of the Company. The management is of the view that provision for doubtful trade receivables is more than adequate. n
Textual Information(15)	No further comments n
Textual Information(16)	The company has received advance from its customers which includes amount received from non-corporate entities of Rs. 804.40 lakhs which is deemed to be deposit u/s 73 of the Companies Act, 2013 read with Companies (Acceptance of Deposit) Rules 2014 and thereby in violation of section 73 to 76 of the Companies Act, 2013. The impact of the non-compliance on the accompanying unaudited standalone financial results Statements is presently not ascertainable. n
Textual Information(17)	Not quantified by auditors and hence no management view n
Textual Information(18)	Could not be quantified n
Textual Information(19)	The Company had received advances from customers, which are outstanding for more than one year and still lying in the books as on March 31, 2025. These advances mainly pertain to the pre CIRP period and includes amount of Rs. 804.40 lacs received from non corporate entities. The advances cannot be repaid after initiation of CIRP and the same will be settled, if any, in accordance with the provision of the Insolvency and Bankruptcy Code 2016 and regulations issued there under. n
Textual Information(20)	No further comments n
Textual Information(21)	The Company has fully amortized its intangible assets (knowledge based content acquired before 01.04.2021) as per its accounting policy but the same continues to generate revenue for the company. In absence of re-assessment of useful life of intangible assets, we are unable to comment on the resultant impact of amortization on the loss for the quarter and year ended on March 31, 2025 and on the carrying value of intangible assets and on the equity as on that date. n
Textual Information(22)	Not quantified by auditors and hence no management view n
Textual Information(23)	Could not be quantified n
Textual Information(24)	The intangible assets (which contains knowledge based content) have been fully amortized till the previous year FY 2020-21 in accordance with the accounting policy of the company. However, the intangible assets are still in use and continue to generate revenue. n
Textual Information(25)	No further comments n
Textual Information(26)	We have not been provided with the bank statements for borrowings from banks and financial institutions amounting to Rs.1,49,099.60 lakhs as at March 31, 2025. Further, in case of bank borrowings amounting to Rs.34,251.88 lakhs wherein we have received the confirmations or bank statements, the amount recorded in the Standalone Financial Results is short by Rs.1,229.08 lakhs in comparison to amounts reported in the confirmations or bank statements. In absence of sufficient appropriate audit evidence, we are unable to determine any possible impact thereof on the loss for the quarter and year ended March 31, 2025 and on the balance of borrowings and equity as on that date. n
Textual Information(27)	Not quantified by auditors and hence no management view n
Textual Information(28)	Could not be quantified n
Textual Information(29)	All the loan accounts with lenders were NPA and the operations in accounts had stopped. The lenders did not share loan statements with the Company. n n nOn initiation of CIRP on May 30, 2017, lenders had filed their claims and the same would be settled on implementation of the approved resolution plan and / or in accordance with the provisions of the IBC. n n n
Textual Information(30)	No further comments n
Textual Information(31)	Balance in borrowings other than bank borrowings mentioned in paragraph (6) above amounting to Rs.84,735.05 lakhs as at March 31, 2025 are subject to confirmation. In the absence of any alternative audit evidence, we are unable to comment on any possible impact thereof on the loss for the quarter and year ended March 31, 2025 and on the balance of borrowings and equity as on that date. n
Textual Information(32)	Not quantified by auditors and hence no management view n
Textual Information(33)	Could not be quantified n
Textual Information(34)	On initiation of CIRP on May 30, 2017, lenders had filed their claims and the same would be settled on implementation of the approved resolution plan and / or in accordance with the provisions of the IBC. n n n
Textual Information(35)	No further comments n
Textual Information(36)	The balance with banks in current accounts amounting to Rs.75.16 lakhs is not reflected in the bank statements. As per the bank statements available, the banks have recovered / transferred these amounts but the Company has not recorded these transactions in its books of accounts. It is informed that the Company has taken up the matter with the concerned banks for refund /reversal of amount debited by banks. In the absence of any evidence to the contrary, the cash and bank balance as on March 31, 2025 is overstated by Rs.75.16 lakhs and of equity as on that date. n
Textual Information(37)	Quantified with overstated bank balance of Rs.75.16 lakhs. n
Textual Information(38)	The balance with banks in current account of Rs. 75.16 lacs is not reflected in the bank statement as the bank have adjusted the same against Term Loan during CIRP period. The bank was not supposed to recover any amount during the moratorium under section 14 of the Insolvency and Bankruptcy Code, 2016. Since the company has taken up the matter with the concerned bank, the amount is shown in balance with banks in current account. n
Textual Information(39)	N.A.
Textual Information(40)	No further comments n
Textual Information(41)	We have neither got the direct confirmation nor provided with the bank statements for balance with banks in current accounts and margin money with aggregate amount of Rs. 674.84 lakhs. In the absence of any alternative evidence, we are unable to comment on any possible impact thereof on the loss for the quarter and year ended March 31, 2025 and on the balance with banks as at March 31, 2025 and on equity as on that date. n
Textual Information(42)	Not quantified by auditors and hence no management view n
Textual Information(43)	Could not be quantified n
Textual Information(44)	Company has requested for bank statement but bank had not provided with statement of current account, term deposit and balance of margin money maintained with them. n n n
Textual Information(45)	No further comments n
Textual Information(46)	As disclosed in Note 7 to the unaudited standalone financial results, the Company has not accrued interest on borrowing post May 30, 2017, being CIRP commencement date. The amount of such interest not accrued is estimated to be Rs.12,490.53 lakhs for the quarter and year ended March 31, 2025.This has resulted in understatement of financial liabilities by Rs. 2,83,020.13 lakhs as at March 31, 2025 understatement of loss by Rs.12,490.53 lakhs for the quarter and year ended March 31, 2025 and over statement of equity by Rs. 2,83,020.13lakhs as on that date. n
Textual Information(47)	Quantified with under statement of financial liabilities by Rs.283,020.13 lakhs n
Textual Information(48)	The Financial Creditors had filed their claims with the Erstwhile Resolution Professional after initiation of CIRP and the list of claims has since been uploaded / filed with IBBI / NCLT. The liabilities will be settled on implementation of the approved resolution plan and / or in accordance with the provisions of the IBC. n
Textual Information(49)	N.A.
Textual Information(50)	No further comments n
Textual Information(51)	The Company has not determined the provision for penal interest for defaults on borrowings as per the contractual terms of the underlying agreements. In absence of such assessment, we are unable to comment on the possible impact thereof on the loss for quarter and year ended March 31, 2025. n
Textual Information(52)	Not quantified by auditors and hence no management view n
Textual Information(53)	Could not be quantified n
Textual Information(54)	The Financial Creditors had filed their claims with the Erstwhile Resolution Professional after initiation of CIRP and the list of claims has since been uploaded / filed with IBBI / NCLT. The liabilities will be settled on implementation of the approved resolution plan and / or in accordance with the provisions of the IBC. n
Textual Information(55)	No further comments n
Textual Information(56)	The Companys investment in its subsidiary companies viz. Educomp Learning Private Limited, Educomp School Management Limited and Educomp Professional Education Limited aggregating to Rs.7,017.30 Lakhs (net of provision for impairment of Rs. 25,813.00 Lakhs) has not been evaluated for any further impairment during the year. These subsidiary companies have not furnished their audited financial statements nor latest valuation report of these companies have been made available. In absence of appropriate audit evidence, we are unable to comment upon appropriateness of carrying amount of investments and possible impact of the same on the loss for the quarter and year ended March 31, 2025 and equity as on that date. n
Textual Information(57)	Not quantified by auditors and hence no management view n
Textual Information(58)	Could not be quantified n
Textual Information(59)	Despite the regular follow-ups, we have not been able to get the financial of these subsidiaries, hence we unable to get fair valuation of investments for further impairment. n
Textual Information(60)	No further comments n
Textual Information(61)	As disclosed in Note 13 to the unaudited standalone financial results, as per the Insolvency and Bankruptcy Code, 2016, the RP has received, verified, and admitted the claims submitted by the creditors (Operational and Financial), employees and workmen of the Company aggregating to Rs.3,04,377.23 lakhs. These claims have been taken into cognizance by CoC in its 12th meeting held on February 17, 2018, while approving the Resolution Plan of the Company. The details of such claims have been disclosed in the said note. As represented by the Management/RP, a reconciliation of the admitted claims vis--vis liabilities outstanding in the books of accounts has not been prepared and any impact thereof has not been considered in the preparation of these unaudited standalone financial results for the quarter and year ended March 31, 2025. In the absence of the above, we are unable to comment on the possible impact thereof on the loss for the quarter and year ended March 31, 2025. n
Textual Information(62)	Not quantified by auditors and hence no management view n
Textual Information(63)	Could not be quantified n
Textual Information(64)	As per the Insolvency and Bankruptcy Code, the Erstwhile RP has received, verified and admitted the claims submitted by the creditors (Operational and Financial), employees and workmen of the Company. The Erstwhile RP has received claims of Rs. 313,781.29 lakhs and after verification the claims have been admitted to the extent of Rs. 304,377.23 lakhs. These claims have been taken into cognizance by CoC in its 12th meeting held on February 17, 2018, while approving the Resolution Plan of the Company. A reconciliation of the admitted claims vis--vis liabilities outstanding as at March 31, 2025 has not been prepared and any impact thereof has not been considered in the preparation of these Standalone Ind AS Financial Statements as at and for the year ended March 31, 2025. n n
Textual Information(65)	No further comments n
Textual Information(66)	The company has issued financial guarantees aggregating Rs. 1,34,163.20 lakhs to banks on behalf of its subsidiaries. As per Ind AS 109 Financial Instruments, the said financial guarantees are required to be initially measured at fair value and subsequently measured at the higher of (i) the amount of loss allowance in accordance with Expected Credit Loss (ECL) method and (ii) amount initially recognized less cumulative amount of income recognized in income statement. However, no measurement of financial guarantees at fair value and estimation of loss allowances in accordance with ECL method were performed during the quarter. In absence of such measurement, we are unable to comment on the resultant impact thereof on the loss for the quarter and year ended March 31, 2025 and corresponding liability and equity as on that date. n
Textual Information(67)	Not quantified by auditors and hence no management view n
Textual Information(68)	Could not be quantified n
Textual Information(69)	The Company was put under CIRP on May 30, 2017 and the resolution plan has been approved but not implemented. The liability against corporate guarantees provided by the Company towards borrowings of subsidiaries shall be crystalised upon default and invocation by the lenders. The obligation, if any, of the Company towards such lenders will be settled on implementation of the approved resolution plan and / or in accordance with the provisions of the IBC and therefore no provision has been made for expected credit loss in this regard. n
Textual Information(70)	No further comments n
Textual Information(71)	As explained in Note 12 to the unaudited standalone financial results regarding managerial remuneration paid to one of the whole time directors of the Company during the quarter ended June 30, 2015 and during the year ended March 31, 2015 in non-compliance with the requirements of Section 197 and Section 198 read with Schedule V to the Companies Act, 2013, and paid during the year ended March 31, 2014 in non-compliance with the requirements of Section 198, Section 269 and Section 309 read with Schedule XIII to the Companies Act, 1956, for which the Central Government's approval is yet to be obtained. n
Textual Information(72)	Not quantified by auditors and hence no management view n
Textual Information(73)	Could not be quantified n
Textual Information(74)	Due to inadequacy of the profits, managerial remuneration paid by the Company to one of its Whole Time Director during the quarter ended June 30, 2015 and year ended March 31, 2015, was in excess of limits prescribed under Section 197 and 198 read with Schedule V to the Companies Act, 2013. Similarly, managerial remuneration paid during the financial year ended March 31, 2014 to one of its Whole Time Director was also in excess of limits prescribed under Section 198, 269 and 309 read with Schedule XIII of the Companies Act, 1956. The management of the Company had filed an applications to the Central Government to obtain its approval for the waiver/approval of the remuneration so paid in years ended March 31, 2014, March 31, 2015 and quarter ended June 30, 2015. n nSince the Company had not received any response from the Central Government approving or granting any waiver for the said excess remuneration, pursuant to the provisions of Section 197(9) of the Companies Act, 2013, the Company (through its resolution professional) has sought a refund via email dated December 28, 2020, for the entire excess remuneration paid. The amount is however, yet to be refunded by the Whole Time Director. n nFurther the company had not paid any remuneration to whole time directors after June 30, 2015. n
Textual Information(75)	No further comments n
Textual Information(76)	As disclosed in Note 15 to the unaudited standalone financial results and based on the information and explanations provided to us by the Management, the Company is currently subjected to the investigations by Serious Fraud Investigation Office (SFIO) and the Central Bureau of Investigation (CBI). As further explained to us, certain information has been requested by them from the Company and the investigations are currently underway and the Company is yet to get any orders or directions in this respect from the said Authorities till the date of signing this review report. In absence of pending final outcome of the investigations, we are unable to comment on the consequential impact of these matters on these Standalone Un- Audited Financial Results as at and for the quarter and year ended March 31, 2025. n
Textual Information(77)	Not quantified by auditors and hence no management view n
Textual Information(78)	Could not be quantified n
Textual Information(79)	The Company is currently subjected to the investigations by Serious Fraud Investigation Office (SFIO) and the Central Bureau of Investigation (CBI). Certain information have been requested by them from the Company and the investigations are currently underway. The Company is yet to get any orders or directions in this respect from the said Authorities till the date of signing these financial statements. n
Textual Information(80)	No further comments n
Textual Information(81)	As disclosed in Note 14 to the unaudited standalone financial results, the Company did not have any internal audit conducted during the quarter as required under sections 138 of the Act. The impact of the non-compliance on the accompanying unaudited standalone financial results is presently not ascertainable n
Textual Information(82)	Not quantified by auditors and hence no management view n
Textual Information(83)	Could not be quantified n
Textual Information(84)	Due to the limited bandwidth the Company has not carried out any internal audit during the year as required under sections 138 of the Act. n
Textual Information(85)	No further comments n
Textual Information(86)	As disclosed in Note 21 to the unaudited standalone financial results, the Company has not been in compliance with various other provisions of the Companies Act 2013, SEBI (LODR) Regulations, 2015, Foreign Exchange Management Act, 1999 and Goods & Services Tax Act, 2017. The financial or other impact of these non-compliances on these unaudited standalone financial results is presently not ascertainable. n
Textual Information(87)	Not quantified by auditors and hence no management view n
Textual Information(88)	Could not be quantified n
Textual Information(89)	Ever since the Company was put under CIRP, the powers of the board of directors were suspended and the Company could not comply with various regulatory requirements. Further the Erstwhile Resolution Professional / Caretaker Resolution Professional has control over the Company only and not on its subsidairies and this also led to some of the non compliances. n
Textual Information(90)	No further comments n
Textual Information(91)	As disclosed in Note No.8, the Company during the previous year has made 100% provision for impairment on its newly allotted Preference Shares with aggregate amount of Rs.97,727.49 lakhs by Edu Smart Services Private Limited (ESSPL) which was undergoing liquidation process as part of the settlement envisaged in the Revival Plan approved by Honble NCLT. These Preference Shares have been allotted in lieu of earlier investment held in Preference Shares of ESSPL with aggregate amount of Rs. Nil (Rs.5,159.07 lakhs with 100% provision) and trade receivables of Rs. Nil (Rs.97,845.54 lakhs with 100% provision). The Management has represented that newly allotted preference shares have zero value for the Company and accordingly been fully provided for. In the absence of clarification on the basis of valuation and future recoverability, if any, of these preference shares, we are unable to comment on the possible impact thereof on the loss for the quarter and year ended March 31, 2025 and equity as on that date. n
Textual Information(92)	Not quantified by auditors and hence no management view n
Textual Information(93)	Could not be quantified n
Textual Information(94)	The Company has been allotted 9,77,27,495 0.1% Non Cumulative, Redeemable Non Convertible Preference Shares (New Shares) of Rs.100 each by Edu Smart Services Private Limited (ESSPL) which was undergoing liquidation proceedings, as part of the settlement envisaged in the Revival Plan approved by the Honble NCLT. n nOut of the total new shares, 10,000 shares have been allotted in lieu of investment held in 8% cumulative Redeemable Non Convertible Preference Shares shown at Nil value after setting off provision for impairment of Rs. 5159.07 lacs. The balance 9,77,17,495 new shares have been allotted against Trade Receivables of Rs.97,845.54 lacs which were also fully provided for through provision for bad and doubtful debts. n nAs per the approved Revival Plan, assets and liabilities of ESSPL have been divided into two Undertakings A & B. Undertaking A has been taken over by the Revival Applicant and Undertaking B is continuing as ESSPL and will be liquidated as per law. The allotment of New Shares to the Company forms part of Undertaking B which has hardly any realizable assets. Further these newly allotted shares will be exchanged with 10,000 1% Non Cumulative, Non Convertible Redeemable Preference Shares of Rs. 10/- each in the Revival Applicants Company but no such allotment has been made so far. Hence the management is of the view that allotment of New Shares has zero value for the Company and has accordingly made 100% provision for impairment. n n
Textual Information(95)	No further comments n

Signatories detail
Name of CEO / Managing director	N.A.
Name of CFO	N.A.
Name of audit committee chairman	N.A.
Name of statutory auditor	Amit Budhiraja, Partner, Kumar Vijay Gupta & Co.
Name of other signatory, if any, with designation	Mahender Kumar Khandelwal, Caretaker Resolution Professional
Place	New Delhi
Date	24-Sep-2025

	Name	Name	Relationship of the counterparty with the listed entity or its subsidiary	Type of related party transaction	Details of other related party transaction		Remarks on approval by audit committee			Value of transaction during the reporting period	Opening balance	Nature of indebtedness (loan/ issuance of debt/ any other etc.)	Details of other indebtedness	Nature (loan/ advance/ intercorporate deposit/ investment )	Notes
Sr No.													Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
	Details of the party (listed entity/subsidiary) entering into the transaction	Details of the counterparty		Type of related party transaction	Details of other related party transaction	Value of the related party transaction as approved by the audit committee	Remarks on approval by audit committee	Value of the related party transaction ratified by the audit committee	Date of Audit Committee Meeting where the ratification was approved	Value of transaction during the reporting period	In case monies are due to either party as a result of the transaction	In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments		Details of the loans, inter-corporate deposits, advances or investments	Notes
1	Educomp Solutions Limited	Savvica Inc.	Sunsidiary	Sale of goods or services			approved	0	6720000	6490000
2	Educomp Solutions Limited	Educomp School Management Limited	Sunsidiary	Sale of goods or services			approved	0	310000	310000
3	Educomp Solutions Limited	Educomp Learning Private Limited	Sunsidiary	Sale of goods or services			approved	0	140000	140000
4	Educomp Solutions Limited	Educomp Online Supplemental Services Limited	Sunsidiary	Sale of goods or services			approved	0	900000	900000
5	Educomp Solutions Limited	Educomp software Limited	Sunsidiary	Sale of goods or services			approved	0	10000	10000
6	Educomp Solutions Limited	Little Millenium Education Private Limited	Associates	Sale of goods or services			approved	0	260000	260000
Total value of transaction during the reporting period										0

Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No.	Particulars	Amount	Remarks
1.	Loans / revolving facilities like cash credit from banks / financial institutions
A	Total amount outstanding as on date	25820320000
B	Of the total amount outstanding, amount of default as on date	25820320000
2.	Unlisted debt securities i.e. NCDs and NCRPS
A	Total amount outstanding as on date	0
B	Of the total amount outstanding, amount of default as on date	0
3.	Total financial indebtedness of the listed entity including short-term and long-term debt	26808653000

Integrated Filing — IndAS

General information about company

Financial Results Ind-AS

Remarks

Statement of Asset and Liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results

Other Comprehensive Income

Cash flow statement, indirect

Details of Impact of Audit Qualification

Financial details

Audit qualification

Text Block

Signatories detail

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Format for Disclosing Outstanding Default on Loans and Debt Securities

Financial details
Sr.	Particulars	Audited Figures (as reported before adjusting for qualifications)	Adjusted Figures (audited figures after adjusting for qualifications)
1	Turnover / Total income	49993000	49993000
2	Total Expenditure	371428000	371428000
3	Net Profit/(Loss)	-321435000	-321435000
4	Earnings Per Share	-2.62	-2.62
5	Total Assets	2115730000	2115730000
6	Total Liabilities	33045508000	33045508000
7	Net Worth	-30929778000	-30929778000