CL Educate Limited's Board of Directors, in a meeting held on February 05, 2026, approved the sale of a 20% equity stake in its wholly-owned subsidiary, Kestone Utsav Private Limited (KUPL). The sale involves transferring 15% to SK Brands Private Limited and 5% to Mr. Sameer Puri for an aggregate consideration of ₹5,00,000. Furthermore, the Board approved availing a working capital loan of up to ₹750 Lakhs (₹75 Crore) from its Promoter Directors, Mr. Satya Narayanan R and Mr. Gautam Puri. The loan will be unsecured, with an interest rate of 11.24% per annum and a tenure of up to 3 years, disbursed in tranches. In-principle approval was also granted for raising funds up to ₹50 Crores through various instruments like equity shares, debt instruments, or convertible securities, via methods such as QIP, rights issue, or preferential allotment, subject to necessary approvals. The Board also approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025, along with the Limited Review Report from the Statutory Auditor. The meeting commenced at 02:30 PM and concluded at 05:35 PM.
