Investor Presentaiton

Merger Update • Merger process stalled due to COVID ✓ NCLT Chandigarh moving to VC mode, but not hearing Merger matters yet Last 5 Hearings postponed ✓ Emergency petition request was entertained by the NCLT Bench in October ✓ Order reserved, expected to be released post Diwali • As things stand: ✓ Best Case Scenario: May '21 ✓ Could well push into next FY CL *CI. educate Presented by: CL EDUCATE LIMITED 18

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