Tree House

ducation & Accessories td.

Corporate Office:
301, Embassy Chambers, 3rd
Mumbai - 400052. Telj022-401
CIN : 180101 MH2006PLC1 63028

Khar (W),

7O2, Morya House,'C' Wing,

Andheri (W),

I 64572725

Tel.: 022-6451 2384, Fax

Office:
Road,
400 053.
1259

December 01, 2015

To,

To,

BSE Ltd.

National Stock Exchange of

Phiroze Jeejeebhoy Towers,

DalalStreet, Mumbai 400 001

India Ltd.
Exchange Plaza, Plot no. C/1, G
Bloch BKC, Bandra (EJ, Mumbai

To,
MCX
Suren

Exchange Ltd.

Mumbai

0 093

Andheri (East),

400 051

Subiect: Update from Tree

Education & Accessories Ltd. (Tree House)

Robust operations
Tree House continues to
te its business as usual with over 700 preschools s
We reiterate that business
remains healthy and progressing as per our pla
with our preschool expansion
tegy.

across the country.

we are on schedule

Update on Receivables
Successfullv received all a

30s September 2015, Curren

of 3Oth September 201,5. The
expected to further reduce

ts related to preschools and franchise operations t

, outstanding receivables stand at Rs. 27 crore as

nt is focused on continuing its aggressive

debtors from this level,

were outstanding as on
pared to Rs. 63 crore as
ns strategy,

Investments in K-12 remai capped

additions planned in the number of K-t2 schools. C
continues to support the exi ng K-12 schools with some requisite capex in the ini
order to enhance capacity uti

As indicated earlier, no fi

y, Tree House
gestation period in

Net Debt

worth of Rs. 679 cro

crore in the first half

On a net
Rs. 74

Reporting Error on Pledge

Tree House has net debt of only Rs. 30 crore while

ares information by Bombay Stock Exchange

to the promoters'pledge ofshares reported by

There was an error with
municated to BSE that promoters have pledged 2,
November, 20i5, it had been
promoters'
whic
was
erroneously mentioned as 25,00,000 shares by
accounts
the
among investors. Promoter pointed out this
unnecessarv confusion and
nge.
action has been taken bv the
For Tree House

Vishal Shah

Director
otLs3074

operating EBITDA was

t6.

Limited

their website. 0n

2Oth

,000 shares in one o1'

This has created
to BSE and necessarv