VJTF Eduservices Ltd Management Discussions

BUSINESS OVERVIEW:

The company, after having provided educational services to K-12 schools and institutions such as Witty Kids and Witty International Schools, has now shifted its focus. It has sold its school operations and is entering the hostel business and AI-related education sectors. This strategic pivot reflects its move toward innovative educational technologies and accommodation services. The company plans to explore new business opportunities in these areas moving forward.

INDIAN ECONOMIC OVERVIEW:

In the Union Budgets 2024-25 and 2025-26, the Government of India has significantly increased investment in the education sector, with allocations rising from Rs1,20,628 crore in FY 2024-25 to Rs1,28,650 crore in FY 2025-26, reflecting a strong commitment to the National Education Policy (NEP) 2020 and long-term human capital development. The enhanced funding spans school and higher education, digital infrastructure, and vocational skilling, with major initiatives such as expanding Atal Tinkering Labs, providing broadband connectivity to all government secondary schools, establishing AI Centres of Excellence, and increasing capacity in IITs and medical colleges. These measures aim to improve access, quality, and inclusivity in education, foster innovation, and create a future-ready workforce— developments that align closely with industry needs and offer opportunities for institutions and organisations to contribute to Indias evolving educational and skilling ecosystem.

PERFORMANCE:

In the following table, please find brief of financials of the Company:

PARTICULARS	Standalone for the year ended 31st March, 2025	Standalone for the year ended 31st March, 2024	Consolidated for the year ended 31st March, 2025	Consolidated for the year ended 31 st March, 2024
Revenue from Operations	1,427.98	500.76	1,696.21	716.80
Other Income	418.32	62.57	418.92	64.30
Total Income	1,846.30	563.33	2,115.13	781.10
Total Expenses	1,073.89	647.38	1,400.23	895.08
Operating Profit/(Loss)	772.41	(84.05)	714.90	(113.99)
Less: Finance Cost	102.09	245.18	229.46	301.38
Less: Depreciation	44.98	10.36	56.13	19.73
Profit/ (Loss) before Tax	772.41	(84.05)	714.90	(113.99)
Exceptional Item: Profit on transfer of business and sale of equity shares of an associate		8,422.55		8,904.80
Prior Period Taxation
Adjustments	(31.37)	100.61	(28.36)	101.92
Deferred Tax	36.22	(51.85)	55.66	(65.19)
Current Tax	100.00	2,136.72	146.42	2,168.72
Profit/(Loss) after Tax for the year from Continuing and Discontinued Operation and exceptional items	667.56	6,153.02	534.20	6,585.36
Profit from Discontinuing Operations after Tax	-	232.93	-	232.93
Profit for the year after Tax from Continuing and Discontinued Operations and exceptional items	667.56	6,385.95	534.20	6,818.30
Other comprehensive income/(loss)	(2.75)	13.31	(2.75)	13.31
Fair value changes of investments in equity instruments	107.40		135
Income tax relating to items that will not be reclassified to profit and loss	(26.34)		(33.29)
Total Comprehensive Income/(Loss) for the year	745.87	6399.26	633.16	6,831.60

THE FUTURE OF EDUCATION IN INDIA OPPORTUNITIES & THREATS:

Weve put together a list of educational trends that will make learning more flexible, available, and engaging for both students and instructors. The top five trends that will have a big impact on education and beyond are listed below:

1. Augmented reality and virtual reality

Technology is developing, and we have reached a brand-new era when augmented reality (AR) and virtual reality (VR) are quickly gaining traction. Because of virtual reality and augmented reality technologies, children now have a space where they can understand complicated ideas and gain practical learning experiences in low-risk virtual environments. STEM-related classes, simulations of medical procedures, resources in the arts and humanities, technical education, AR, and VR all have the potential to improve it. The capacity to communicate knowledge in novel and more interesting ways online is the second reason why virtual reality and augmented reality technologies are on their way to becoming one of the most promising additions to the Edtech field.

2. Rise of Real and AI together

Artificial intelligence, also known as AI, can communicate with humans and provide assistance. It has the potential to alter a wide number of sectors, including education, and to solve some of the most pressing challenges facing education today by introducing novel approaches to teaching and learning. The use of AI tools and technology may provide benefits such as faster paper grading, tailored training, intelligent material delivery, and student access to tutoring programs or Al-based intelligent tutoring systems (ITS). Realizing that AI should be centered on people is vital. Giving students a sustainable and high-quality education in the future will be made possible by a mix of teachers involvement and AI.

3. Personalized Education

Personalizing learning for each students strengths, needs, talents, and interests is yet another straightforward yet very successful and novel approach to the learning process. This aids in creating a learning plan specifically for the learner. The fundamental idea behind introducing customized learning is that every kid learns in a unique way and at a unique speed. Each student in customized learning receives a learning plan based on their learning style, prior knowledge, abilities, and interests. It goes against the one size fits all philosophy that is prevalent in most schools. In order to ensure that the student obtains hands-on learning on the selected topics and that theyre expected to learn as they move through their education, the developed plan is kept project-based.

4. Holistic learning will be the focus

The emphasis now is on supporting a childs whole and holistic development so they may grow up to be responsible adults with the right skill sets, thanks to shifting educational environments. Educators are increasingly emphasizing the holistic learning approach to education, which emphasizes a childs academic success while also preparing them to confront lifes obstacles. There are several advantages to holistic education. Students are given the tools they need to improve their academic achievement as well as develop the soft skills required for a successful professional career. The fact that holistic learning enhances academic achievement, mental and emotional health, and problem-solving skills is only one of its many advantages.

5. Education with the Entrepreneurial Mindset

In recent years, there has been a lot of excitement about incorporating entrepreneurship into schooling. Teachers design their lectures and classes to help students develop an entrepreneurial mindset and perspective from an early age. If entrepreneurial ideals are entrenched in the educational process, students will be better equipped to be obedient members of society. Students who are taught such a mindset are better able to acquire the skills and information needed to achieve their own unique goals. As a result, the curriculum designed here aims to build entrepreneurial knowledge, skills, attitudes, behavior, and drive in a way that assures entrepreneurial success while also making the student more employable in the future workforce.

The covid-pandemic has been a learning experience for educators and policymakers, and it has established a standard for the foreseeable future. The effective measures and techniques implemented now will establish the foundation for the Indian educational systems ability to handle crises in the future without suffering significant interruption. Its also helped us recognise that learning doesnt have to be a strict, one-way process. EdTech will play a vital role in society and serve as a solid pillar for the next generation despite the huge shift brought about by technology and new policy reforms like the NEP. Its time to welcome the innovative advances that technology is bringing to education and to look ahead to a successful and forward-thinking future.

RISK & CONCERNS

Your Companys Board of Directors have put in place adequate risk assessment and risk mitigation measures. The Executive Management has an appropriate framework that generates confidence of foreseeing and mitigating the risks, which every manufacturing company faces in the form of fluctuations in the supply and pricing of fuel, energy and essential raw material. However, no measures are adequate when confronted by force majeure event like Covid-19.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:

An appropriate and adequate system of internal controls exist in your company to ensure that all assets are safeguarded and protected against loss or from misuse or disposition, and that the transactions are authorized, recorded and reported suitably. Internal control systems are ensuring effectiveness of operations, accuracy and promptness of financial reporting and observance with laws & regulations.

The internal control is supplemented on an ongoing basis, by an extensive program of internal audit being implemented throughout the period. The internal audit reports along with management comments thereon are review by the Audit Committee of the Board comprising of independent and nonexecutive Directors, on a regular basis. Implementations of the suggestions are also monitored by the Audit Committee. The internal control is designed to ensure that the financial and other records of the company are reliable for preparing financial statements and other data, and for maintaining accountability of assets.

HUMAN RESOURCES POLICIES:

It is your companys belief that people are at the heart of corporate & constitute the primary source of sustainable competitive advantage. The trust of your companys human resource development efforts therefore is to create a responsive and market driven organization. Your company continues its focus on strengthening competitiveness in all its business. Your directors look forward to the future with confidence. The company has followed a conscious policy of providing training to Management Staff through in-house and external programmes, for upgrading personal and technical skills in relevant areas of functional disciplines.

RISK MANAGEMENT:

Although the company has long been following the principle of risk minimization as is the norm in every industry, it has now become a compulsion.

Therefore, in accordance with Regulation 21 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, the Board members were informed about risk assessment and minimization procedures after which the Board formally adopted steps for framing, implementing and monitoring the risk management plan for the company through Audit Committee.

The main objective of this policy is to ensure sustainable business growth with stability and to promote a pro-active approach in reporting, evaluating and resolving risks associated with the business. In order to achieve the key objective, the policy establishes a structured and disciplined approach to Risk Management, in order to guide decisions on risk related issues.

In todays challenging and competitive environment, strategies for mitigating inherent risks in accomplishing the growth plans of the Company are imperative. The common risks inter alia are Regulations, competition, Business risk, Technology obsolescence, Investments, retention of talent and expansion of facilities.

Business Risk, inter alia, further include financial risk, political risk, fidelity risk, legal risk. As a matter of policy, these risks are assessed and steps are taken to mitigate the same.

CAUTIONARY STATEMENT:

The statements in report of the Board of Directors and the Management Discussion & Analysis Report describing the Companys outlook, estimates or predictions may be forward looking statements within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied since the Companys operations are influenced by many external and internal factors beyond the control of the Company. The Company takes no responsibility for keeping the members updated on changes in these factors except as may be statutorily required from time to time.

By Order of the Board For VJTF Eduservices Limited
Vinay Jain	Raina Jain
Managing Director	Whole Time Director
(DIN: 00235276)	(DIN: 01142103)
Dated: 14/08/2025 Place: Mumbai