| Scrip code | 000000 |
|---|---|
| NSE Symbol | MOXSH |
| MSEI Symbol | NOTLISTED |
| ISIN | INE0N6D01014 |
| Name of Company | Moxsh Overseas Educon Limited |
| Type of company | SME |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 30-05-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 16-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Half Yearly |
| Reporting Quarter | Yearly |
| Nature of report standalone or consolidated | Consolidated |
| 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 | Single segment |
| Description of single segment | coaching and counselling |
| Start date and time of board meeting | 30-05-2026 18:00:00 |
| End date and time of board meeting | 30-05-2026 19:00:00 |
| 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 |
| 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 | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Revenue From Operations | ||
| Revenue from operations | 1,049.87 | 1,290.70 | |
| Other income | 15.37 | 18.65 | |
| Total Income | 1,065.24 | 1,309.35 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 19.81 | 36.94 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 126.03 | 307.32 |
| (e) | Finance costs | 36.27 | 77.62 |
| (f) | Depreciation and amortisation expense | 81.34 | 141.60 |
| (g) | Other Expenses | ||
| 1 | Other Expenses | 205.88 | 459.44 |
| Total other expenses | 205.88 | 459.44 | |
| Total expenses | 469.33 | 1,022.92 | |
| 3 | Profit before exceptional and extraordinary items and tax | 595.91 | 286.43 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Profit before extraordinary items and tax | 595.91 | 286.43 |
| 6 | Extraordinary items | 0.00 | 0.00 |
| 7 | Profit before tax | 595.91 | 286.43 |
| 8 | Tax Expense | ||
| Current tax | 0.00 | 0.00 | |
| Deferred tax | 126.18 | 56.12 | |
| Total tax expenses | 126.18 | 56.12 | |
| 9 | Net Profit Loss for the period from continuing operations | 469.73 | 230.31 |
| 10 | Profit (loss) from discontinuing operations before tax | 0.00 | 0.00 |
| 11 | Tax expense of discontinuing operations | 0.00 | 0.00 |
| 12 | Net profit (loss) from discontinuing operation after tax | 0.00 | 0.00 |
| 13 | Profit (loss) for period before minority interest | 469.73 | 230.31 |
| 14 | Share of profit (loss) of associates | 0.00 | 0.00 |
| 15 | Profit (loss) of minority interest | 0.00 | 0.00 |
| 16 | Net profit (Loss) for the period | 469.73 | 230.31 |
| 17 | Details of equity share capital | ||
| Paid-up equity share capital | 934.08 | 934.08 | |
| Face value of equity share capital | 10 | 10 | |
| 18 | Reserves excluding revaluation reserve | 554.83 | |
| 19 | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 6.2 | 2.55 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 6.2 | 2.55 | |
| 20 | Debt equity ratio | ||
| 21 | Debt service coverage ratio | ||
| 22 | Interest service coverage ratio | ||
| 23 | Disclosure of notes on financial results | ||
| 20 | Debt equity ratio | |
|---|---|---|
| 21 | Debt service coverage ratio | |
| 22 | Interest service coverage ratio |
| A | Date of start of reporting period | 01-04-2025 |
|---|---|---|
| B | Date of end of reporting period | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited |
| D | Nature of report standalone or consolidated | Consolidated |
| 1 | Statement of cash flows | |
| Cash flows from used in operating activities | ||
| Profit before extraordinary items and tax | 286.43 | |
| 2 | Adjustments for reconcile profit (loss) | |
| Adjustments to profit (loss) | ||
| Adjustments for finance costs | 61.84 | |
| Adjustments for depreciation and amortisation expense | 141.60 | |
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |
| Adjustments for dividend income | 0.00 | |
| Adjustments for share-based payments | 0.00 | |
| Other adjustments for which cash effects are investing or financing cash flow | 0.00 | |
| Other adjustments to reconcile profit (loss) | 0.00 | |
| Other adjustments for non-cash items | 0.00 | |
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Total adjustments to profit (loss) | 203.44 | |
| 3 | Adjustments for working capital | |
| Adjustments for decrease (increase) in inventories | 0.00 | |
| Adjustments for decrease (increase) in trade receivables | (125.24) | |
| Adjustments for decrease (increase) in other current assets | (110.64) | |
| Adjustments for increase (decrease) in trade payables | 280.87 | |
| Adjustments for increase (decrease) in other current liabilities | (15.11) | |
| Adjustments for provisions | (9.59) | |
| Total adjustments for working capital | 20.29 | |
| Total adjustments for reconcile profit (loss) | 223.73 | |
| Net cash flows from (used in) operations | 510.16 | |
| Dividends received | 0.00 | |
| Interest paid | 7.58 | |
| Interest received | 0.00 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | (4.28) | |
| Net cash flows from (used in) operating activities before extraordinary items | 498.30 | |
| Proceeds from extraordinary items | 0.00 | |
| Payment for extraordinary items | 0.00 | |
| Net cash flows from (used in) operating activities | 498.30 | |
| 4 | Cash flows from used in investing activities | |
| Cash flows from losing control of subsidiaries or other businesses | 0.00 | |
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |
| Other cash receipts from sales of equity or debt instruments of other entities | 0.00 | |
| Other cash payments to acquire equity or debt instruments of other entities | 0.00 | |
| Other cash receipts from sales of interests in joint ventures | 0.00 | |
| Other cash payments to acquire interests in joint ventures | 0.00 | |
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |
| Proceeds from sales of property plant and equipment | 0.00 | |
| Purchase of property plant and equipment | 653.01 | |
| Proceeds from sales of intangible assets | 0.00 | |
| Purchase of intangible assets | 0.00 | |
| Cash advances and loans made to other parties | 0.00 | |
| Cash receipts from repayment of advances and loans made to other parties | 0.00 | |
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |
| Dividends received | 0.00 | |
| Interest received | 7.58 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | 54.94 | |
| Proceeds from government grants | 0.00 | |
| Net cash flows from (used in) investing activities before extraordinary items | (590.49) | |
| Proceeds from extraordinary items | 0.00 | |
| Payment for extraordinary items | 0.00 | |
| Net cash flows from (used in) investing activities | (590.49) | |
| Cash flows from used in financing activities | ||
| Proceeds from issuing shares | 334.08 | |
| Proceeds from issuing other equity instruments | 0.00 | |
| Proceeds from issuing debentures notes bonds etc | 0.00 | |
| Proceeds from borrowings | 0.00 | |
| Repayments of borrowings | 182.93 | |
| Dividends paid | 0.00 | |
| Interest paid | 0.00 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | (61.84) | |
| Net cash flows from (used in) financing activities before extraordinary items | 89.31 | |
| Proceeds from extraordinary items | 0.00 | |
| Payment for extraordinary items | 0.00 | |
| Net cash flows from (used in) financing activities | 89.31 | |
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (2.88) | |
| 6 | Effect of exchange rate changes on cash and cash equivalents | |
| Effect of exchange rate changes on cash and cash equivalents | 0.00 | |
| Net increase (decrease) in cash and cash equivalents | (2.88) | |
| Cash and cash equivalents cash flow statement at beginning of period | 7.22 | |
| Cash and cash equivalents cash flow statement at end of period | 4.34 | |
| Particulars | Year ended (dd-mm-yyyy) | ||
|---|---|---|---|
| Date of start of reporting period | 01-04-2025 | ||
| Date of end of reporting period | 31-03-2026 | ||
| Whether results are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Equity and liabilities | |||
| 1 | Shareholders' funds | ||
| Share capital | 934.08 | ||
| Reserves and surplus | 554.83 | ||
| Money received against share warrants | 32.00 | ||
| Total shareholders' funds | 1,520.91 | ||
| 2 | Share application money pending allotment | 0.00 | |
| 3 | Deferred government grants | ||
| 4 | Minority interest | ||
| 5 | Non-current liabilities | ||
| Long-term borrowings | 0.00 | ||
| Deferred tax liabilities (net) | 6.81 | ||
| Foreign currency monetary item translation difference liability account | |||
| Other long-term liabilities | |||
| 1 | Other long-term liabilities | 43.58 | |
| Total of Other long-term liabilities | 43.58 | ||
| Long-term provisions | 17.69 | ||
| Total non-current liabilities | 68.08 | ||
| 6 | Current liabilities | ||
| Short-term borrowings | 357.13 | ||
| Trade Payables | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.34 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 310.93 | ||
| Total Trade payable | 311.27 | ||
| Other current liabilities | |||
| 1 | Other current liabilities | 81.75 | |
| Total of Other long-term liabilities | 81.75 | ||
| Short-term provisions | 8.33 | ||
| Total current liabilities | 758.48 | ||
| Total equity and liabilities | 2,347.47 | ||
| Assets | |||
| 1 | Non-current assets | ||
| i | Property, Plant and Equipment and Intangible assets | ||
| Property, Plant and Equipment | 291.87 | ||
| Producing properties | |||
| Intangible assets | 637.02 | Preproducing properties | |
| Property, Plant and Equipment capital work-in-progress | |||
| Intangible assets under development or work-in-progress | |||
| Total Property, Plant and Equipment and Intangible assets | 928.89 | ||
| ii | Non-current investments | 0.00 | |
| v | Deferred tax assets (net) | ||
| vi | Foreign currency monetary item translation difference asset account | ||
| vii | Long-term loans and advances | 221.60 | |
| Other non-current assets | |||
| 1 | Other non-current assets | 16.80 | |
| Total of Other non-current assets | 16.80 | ||
| Total non-current assets | 1,167.29 | ||
| Current assets | |||
| Current investments | 0.00 | ||
| Inventories | 0.00 | ||
| Trade receivables | 956.27 | ||
| Cash and cash equivalents | 74.65 | ||
| Bank balance other than cash and cash equivalents | 0.00 | ||
| Short-term loans and advances | 44.19 | ||
| Other current assets | |||
| 1 | Other current assets | 105.07 | |
| Total of Other current assets | 105.07 | ||
| Total current assets | 1,180.18 | ||
| Total assets | 2,347.47 | ||
| Disclosure of notes on assets and liabilities | Textual Information(1) | ||
| Textual Information(1) | As per the management, the revenues recognized are correct for the services to be rendered to XGEPL since the customer has provided the order & agreement along with confirmation that XGEPL will make the payments in the financial year 2026- 27. The statement of services towards various students has been provided towards confirmation of the services being rendered in this financial year 2025-26. |
|---|
| 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 | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | |||||||
| Net Segment Asset | |||||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | |||||||
| Net Segment Liabilities | |||||||
| Disclosure of notes on segments | |||||||
| 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 | Qualified 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 | S S S R & ASSOCIATES LLP | Yes | 31-10-2027 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 1,309.35 | 873.97 |
| 2 | Total Expenditure | 1,022.92 | 1,022.92 |
| 3 | Net Profit/(Loss) | 230.31 | (139.02) |
| 4 | Earnings Per Share | 2.55 | -1.54 |
| 5 | Total Assets | 2,347.47 | 1,971.34 |
| 6 | Total Liabilities | 2,347.47 | 1,971.34 |
| 7 | Net Worth | 1,520.91 | 1,151.59 |
| 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) | Qualified opinion | Whether appeared first time | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| 2 | Textual Information(6) | Qualified opinion | Whether appeared first time | Textual Information(7) | Textual Information(8) | Textual Information(9) | Textual Information(10) |
| 3 | Textual Information(11) | Qualified opinion | Whether appeared first time | Textual Information(12) | Textual Information(13) | Textual Information(14) | Textual Information(15) |
| 4 | Textual Information(16) | Qualified opinion | Whether appeared first time | Textual Information(17) | Textual Information(18) | Textual Information(19) | Textual Information(20) |
| Textual Information(1) | We draw attention to the revenue from service charges under Revenue from operations, from Xera Global Education Pvt. Ltd., (XGEPL) a related party, amounting to Rs. 332.07 lakhs during the year, pertaining to the Holding Company. The management has explained that it pertains to revenue charges towards students enrolled for various courses through XGEPL. n nHowever, based on our verification of the agreements/ contracts, workings pertaining to such revenue, student-wise listing & test-check of panel data of the courses along with relevant documents, we believe that the courses for Ausbildung program across various streams (Hotel management, Warehousing & Logistics, Medical & Dental etc.) are going to be delivered in Financial Year 2026-2027 and we believe only the pre-interview and registration stages have been done in few cases. n nAs such, the revenue for service charges from XGEPL for Ausbildung program, shall not be recognized during FY 2025-26, since it does not accrue in FY 2025-26, as the performance obligations are not fully met, the significant risks and rewards have not been transferred and the collection of the amount is also pending till the date of signing of this report. n nThe said revenue from XGEPL was towards students introduced by them to the company. The arrangement between XGEPL and the Company is to pay fixed fees by XGEPL to the Company. Further, we have not received the approval from Board of Directors with respect to said related party transaction and the basis/justification for arms-length transaction for such related party transactions. n nWe draw attention to the qualification to the audit opinion on the financial results of the subsidiary, issued by the respective component auditors vide their audit report dated May 20, 2025, regarding to above: n nThey drew attention to the revenue from service charges under Revenue from operations, from Xera Global Education Pvt. Ltd., (XGEPL) a related party, amounting to Rs. 102.95 lakhs during the year, pertaining to the subsidiary. The management had explained to them, that it pertains to revenue charges towards students enrolled for various courses through XGEPL. n nHowever, based on their verification of the agreements/ contracts, workings pertaining to such revenue, student-wise listing & test-check of panel data of the courses along with relevant documents, they believed that the courses for Ausbildung across various streams (Hotel management, Warehousing & Logistics, Medical & Dental etc.) were going to be delivered in Financial Year 2026-2027 and they believed only the pre-interview and registration stages had been done in few cases. n nAs such, the revenue for service charges from XGEPL for Ausbildung program, shall not be recognized during FY 2025-26, since it did not accrue in FY 2025- 26, as the performance obligations were not fully met, the significant risks and rewards had not been transferred and the collection of the amount is also pending till the date of signing of this report. n nThe said revenue from XGEPL was towards students introduced by them to the subsidiary. The arrangement between XGEPL and the subsidiary was to pay fixed fees by XGEPL to the subsidiary. Further, they had not received the approval from Board of Directors with respect to said related party transaction and the basis/justification for arms-length transaction for such related party transactions. n nAccordingly, the consolidated revenue from operations and the consolidated profit after tax for the year ended March 31, 2026 appears to be overstated by INR 435.38 lakhs and the due from related party as at March 31, 2026 appears to be overstated by INR 504.58 lakhs, in the consolidated financial results as at and for the year ended March 31, 2026. Therefore, we were unable to comment on the amount of consolidated revenue recognized in the books of accounts during the year. Consequently, we were unable to determine whether any adjustments were necessary. |
|---|---|
| Textual Information(2) | As per the management, the revenues recognized are correct for the services to be rendered to XGEPL since the customer has provided the order & agreement along with confirmation that XGEPL will make the payments in the financial year 2026- 27. The statement of services towards various students has been provided towards nconfirmation of the services being rendered in this financial year 2025-26. |
| Textual Information(3) | Not quantifiable |
| Textual Information(4) | The Management is unable to comment on the consequential impact of the nabove matter on the financial statement. |
| Textual Information(5) | Our view remains unchanged considering the matters referred as above. |
| Textual Information(6) | The Company has capitalised expenditure aggregating to Rs. 286.47 lakhs pertaining to the Furniture and Fittings and related labour costs at multiple locations. n nManagement has provided invoice copies for the capital expenditure carried out during past years. However, the company has not provided the basis for capitalization, such as architects certificate (certifying the quantum of work involved, location-wise cost break-up etc), as Property, Plant and Equipment under the applicable accounting standards. n nConsequently, we are unable to comment on the nature and the quantum of work Capitalised and whether any consequential adjustments were required to consolidated Property, Plant and Equipment, consolidated depreciation expense, consolidated profit for the year, and related disclosures. |
| Textual Information(7) | As per the management, the revenues recognized are correct for the services to be rendered to XGEPL since the customer has provided the order & agreement along with confirmation that XGEPL will make the payments in the financial year 2026- 27. The statement of services towards various students has been provided towards nconfirmation of the services being rendered in this financial year 2025-26. |
| Textual Information(8) | Not quantifiable |
| Textual Information(9) | The Management is unable to comment on the consequential impact of the nabove matter on the financial statement. |
| Textual Information(10) | Our view remains unchanged considering the matters referred as above. |
| Textual Information(11) | We draw attention to the software development income under consolidated revenue from operations amounting to Rs. 97 lakhs, which has been presented as unbilled revenue in the consolidated financial results at the selling price value. The invoice was reported in GST return in the month of April, 2026. nHowever, we believe the above represents the software was ready for delivery and as such, the same should be presented under inventories and accordingly valued at cost or net releasable value, whichever is lower. n nIn the absence of such information and adjustments, we are unable to comment on the carrying value of the aforesaid software inventory in the books of accounts during F.Y. 2025-26 and the related adjustments, if any. |
| Textual Information(12) | As per the management, the revenues recognized are correct for the services to be rendered to XGEPL since the customer has provided the order & agreement along with confirmation that XGEPL will make the payments in the financial year 2026- 27. The statement of services towards various students has been provided towards nconfirmation of the services being rendered in this financial year 2025-26. |
| Textual Information(13) | Not quantifiable |
| Textual Information(14) | The Management is unable to comment on the consequential impact of the nabove matter on the financial statement. |
| Textual Information(15) | Our view remains unchanged considering the matters referred as above. |
| Textual Information(16) | We draw attention to the recoverability of consolidated trade receivables overdue for a period of more than 2 years aggregating to Rs. 168.48 lakhs as at March 31, 2026. As per management representation, recovery of said dues is under process and they expect to recover the same in due course. n nHowever, since the said receivables are outstanding for more than 2 years, hence, in this regard, we are unable to ascertain the recoverability of said dues and quantify whether there will be any bad or doubtful debt out of the old receivables of Rs. 168.48 Lakhs. n nFurther the management of the company has also neither assessed the amount of doubtful or bad debts out of the total trade receivable nor provided for such doubtful/ bad debts, if any. n nIn our opinion, provision for such doubtful or bad debts or any adjustments/impairments as required should have been made in the nconsolidated financial results of the Company towards the total outstanding nreceivables and hence we cannot draw any conclusion on recovery of such nreceivables as on the balance sheet date. n |
| Textual Information(17) | As per the management, the revenues recognized are correct for the services to be rendered to XGEPL since the customer has provided the order & agreement along with confirmation that XGEPL will make the payments in the financial year 2026- 27. The statement of services towards various students has been provided towards nconfirmation of the services being rendered in this financial year 2025-26. |
| Textual Information(18) | Not quantifiable |
| Textual Information(19) | The Management is unable to comment on the consequential impact of the nabove matter on the financial statement. |
| Textual Information(20) | Our view remains unchanged considering the matters referred as above. |
| Name of CEO / Managing director | Dhananjay Shah |
|---|---|
| Name of CFO | Sandhya Prashant Kulkarni |
| Name of audit committee chairman | Mohit Vanawat |
| Name of statutory auditor | S S S R & Associates LLP |
| Name of other signatory, if any, with designation | |
| Place | Mumbai |
| Date | 30-05-2026 |