CL Educate Limited Reappoints Piyush Sharma as Independent Director for a Second Term of Five Years

CL Educate Limited, a leading name in the education and knowledge services industry, has officially announced the re-appointment of Mr. Piyush Sharma as a Non-Executive Independent Director on the company’s Board. This announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, also known as the SEBI LODR, and was communicated through a formal regulatory filing dated July 5, 2025.

The reappointment is set for a five-year term, beginning July 17, 2025, and will continue until July 16, 2030, subject to shareholder approval by way of a Special Resolution.

Regulatory and Board Approval Process

This decision follows the recommendations of the Nomination, Remuneration, and Compensation Committee (NRC) of CL Educate. The committee convened on July 4, 2025, and subsequently, the Board passed a resolution via circulation on July 5, 2025, approving the reappointment. It is important to note that Mr. Piyush Sharma, being the concerned appointee, abstained from voting during this process.

The company’s communication clarified that the decision was made in accordance with Part A of Schedule III of SEBI LODR and related circulars issued by SEBI on July 13, 2023, and November 11, 2024.

Professional Profile of Mr. Piyush Sharma

Mr. Piyush Sharma, aged 58, brings a rich mix of academic excellence and corporate leadership to the CL Educate boardroom.

• He has been serving as an Independent Director on the Board since July 17, 2020, marking five successful years in his current term.

• Academically, he holds:

  • A Ph.D. in Marketing from Nanyang Technological University, Singapore (2006)

  • An MBA in Marketing from IIM Bangalore, India (1993)

  • A Bachelor of Engineering (Electrical) from the University of Delhi, India (1987)

Currently, Mr. Sharma is designated as the John Curtin Distinguished Professor in the School of Management and Marketing at Curtin University, Australia. He brings with him over 22 years of academic experience.

In the corporate sector, he has held senior leadership roles in reputed organisations such as:

• Hometrade Limited – Vice President (Sales and Marketing)

• Becton Dickinson – Marketing Manager, South Asia

• Dabur India Limited – Senior Product Manager

• ITC Limited – Brand Manager

• Bharat Heavy Electricals Limited (BHEL) – Quality Control Engineer

Key Terms of the Appointment

• Term Duration: Second term of five consecutive years from July 17, 2025, to July 16, 2030 (both dates inclusive)

• Status: Non-Executive Independent Director, not subject to retirement by rotation

• Shareholder Approval: Required via Special Resolution

• Voting: Resolution passed by majority of Board members excluding Mr. Sharma

Governance & SEBI Compliance

CL Educate's disclosure is in compliance with the SEBI LODR Regulations, specifically addressing:

• Transparent communication of material changes to the company’s leadership

• Adherence to board structure requirements laid down for listed entities

• Timely updates to shareholders and regulators

Additionally, Mr. Sharma has declared that:

• He is not debarred from holding the office of Director under any SEBI order or directive from other regulatory authorities

• He has no familial relationship with any other Directors on the Board of CL Educate

Importance of Independent Directors in Corporate Governance

The reappointment of an experienced and well-qualified Independent Director like Mr. Piyush Sharma plays a crucial role in:

• Ensuring accountability and fairness in decision-making

• Providing an unbiased perspective in the boardroom

• Balancing the interests of shareholders, management, and other stakeholders

• Strengthening the company’s ESG (Environmental, Social, and Governance) credentials

About CL Educate Limited

CL Educate Limited, listed on both BSE and NSE, operates in the education and career development sector. The company is known for its range of educational services including:

• Test Preparation

• Vocational Training

• Higher Education Partnerships

• Digital Learning Platforms

The company has continually evolved its business model to meet the growing demands of students and professionals in India and globally.

Conclusion

The reappointment of Mr. Piyush Sharma marks a continuation of strong, experienced leadership on the Board of CL Educate Limited. With over two decades of cross-border professional experience in both academia and corporate leadership, Mr. Sharma's continued presence is expected to further enhance strategic decision-making and support the company’s long-term growth objectives.

The company’s commitment to transparency, governance, and regulatory compliance remains evident through this well-structured announcement, reinforcing investor confidence in its operational and leadership integrity.

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