Ironwood Education MD, chairman, board of directors and AGM
BSE: 508918Other Consumer ServicesSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹50.54.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹79 Cr3,136th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 14 Aug 2026
- 13.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 29 May 2026
- 2.5
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 14 Aug 2026
- 22.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- 14.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 29 May 2026
- 1.25
- Volume, BSEVolume. Shares traded on the last trading day.
- 11,894
Ironwood Education board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonRakesh Bhatia
- Managing directorBalaji Raghavan
- Company Secretary and Compliance OfficerDharmesh Parekh
8 directors4 independent3 executive1 non-executive
- Nitish NagoriExecutive · joined Jan 2023 · 42 months as independent · 1 listed board
- Vijayshankar TripathiExecutive · joined Aug 2025 · 10 months as independent · 1 listed board · 1 committee seat
- Rakesh Bhatia · ChairpersonIndependent · joined Sep 2024 · 21 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
- Sumit SomaniIndependent · joined Nov 2024 · 19 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Sanjay PanickerIndependent · joined Nov 2024 · 19 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Balaji Raghavan · Managing directorExecutive · joined Nov 2025 · 7 months as independent · 1 listed board · 1 committee seat
- Rohit LalIndependent · joined Dec 2025 · 6 months as independent · 1 listed board · 1 as independent
- Vedika ChaubeyNon-executive · joined Dec 2025 · 6 months as independent · 1 listed board · 1 committee seat, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
3 directors who left
- Bela Desai, left 25 Nov 2025: Others
- Ashwani Kumar Singh, left 8 Jul 2025: Others
- Malka Chainani, left 8 Jul 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 28 May 20267 of 8 present4 independent · 12 days in between
- 15 May 20267 of 8 present4 independent · 90 days in between
- 13 Feb 20267 of 8 present3 independent · 21 days in between
- 22 Jan 20268 of 8 present4 independent
Audit Committee
Chair Rakesh Bhatia
Sanjay Panicker, Balaji Raghavan
- 28 May 20263 of 3 present2 independent · 12 days in between
- 15 May 20263 of 3 present2 independent · 90 days in between
- 13 Feb 20263 of 3 present2 independent · 21 days in between
- 22 Jan 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Sanjay Panicker
Rakesh Bhatia, Vedika Chaubey
No meeting listed in the filing.
Stakeholders Relationship Committee
Chair Vedika Chaubey
Sumit Somani, Vijayshankar Tripathi
- 28 May 20262 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s. A. T. Jain & CoPeer-review certificate valid to Nov 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Ironwood Education AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Ironwood Education share news and announcements
Annual general meeting, 28 Sep 2026
2,878 shareholders on the register on 21 Sep 2026; present: 8 promoters and 47 others; votes counted by Sonali Gamne / Sonali Gamne & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Reports of the Board of Directors and Report of Auditors thereon and other reports and b. the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026 together with the Report of Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.00% · promoters 100.00% · institutions 0.00% · other public 4.76%
To appoint a Director in place of Mr. Nitish Nagori (DIN: 09775743), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.00% · promoters 100.00% · institutions 0.00% · other public 4.76%
- To consider and approve material related party transaction(s) with Value Line Advisors Private Limited, Promoter of the CompanyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 1.41% · promoters 0.00% · institutions 0.00% · other public 4.01%
To consider and approve material related party transaction(s) between Trio Infrastructure Private Limited, wholly owned subsidiary of the Company and Value Line Advisors Private Limited, Promoter of the CompanyMoreLess
OrdinaryPromoters have an interest in it100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 1.41% · promoters 0.00% · institutions 0.00% · other public 4.01%
- To consider and approve material related party transaction(s) between Trio Infrastructure Private Limited, wholly owned subsidiary of the company with AVA Lifespaces LLPOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 1.41% · promoters 0.00% · institutions 0.00% · other public 4.01%
- To consider and approve material related party transaction(s) between Trio Infrastructure Private Limited, wholly owned subsidiary of the company with AVA Lifespaces and Homes Private LimitedOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 1.41% · promoters 0.00% · institutions 0.00% · other public 4.01%
- To consider and approve material related party transaction(s) between Trio Infrastructure Private Limited, wholly owned subsidiary of the company with Miras Infrastructure Private LimitedOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 1.41% · promoters 0.00% · institutions 0.00% · other public 4.01%
- To consider approval for revision in remuneration of Ms. Bela Desai, Promoter of the Company, holding office or place of profit in the companyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 1.67% · promoters 0.00% · institutions 0.00% · other public 4.76%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Fines
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyBSE LimitedSince 30 Jun 2026
Fine of Rs. 5,900/- (including GST) paid to BSE Limited
Delay in submission of Disclosure of Related Party Transactrions for half year ended March, 2026 under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulatrions, 2015
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Reason and comments |
|---|---|---|---|---|---|---|
| Preferential IssuesJan 2026 | – | To Invest in future growth opportunities, business expansion and real estate business | – | – | No | Audit committee: This statement is placed before the Audit committee meeting held on August 14, 2026. The Audit Committee has noted that there was no deviation or variation in the use of funds raised by preferential issue of equity shares.MoreLess |
| Preferential IssuesJan 2026 | – | To grant loans and / or investement in overseas wholly owned subsidiary | – | – | No | Audit committee: This statement is placed before the Audit committee meeting held on August 14, 2026. The Audit Committee has noted that there was no deviation or variation in the use of funds raised by preferential issue of equity shares.MoreLess |
| Preferential IssuesJan 2026 | – | Working Capital Requirement for Education Business (India) | – | – | No | Audit committee: This statement is placed before the Audit committee meeting held on August 14, 2026. The Audit Committee has noted that there was no deviation or variation in the use of funds raised by preferential issue of equity shares.MoreLess |
| Preferential IssuesJan 2026 | – | General Corporate Purpose | – | – | No | Audit committee: This statement is placed before the Audit committee meeting held on August 14, 2026. The Audit Committee has noted that there was no deviation or variation in the use of funds raised by preferential issue of equity shares.MoreLess |