Global Education Limited has informed the Exchange regarding 'Board of Directors in its meeting held on Friday , 26th Sep 2025 has considered and approved the request letter dated 10th Sep 2025 received from the persons/immediate relatives related to Mr. Rishabh Sunil Surana, [Individual Promoter Shareholder] seeking reclassification from Promoter Shareholder to Public Shareholder category in terms of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI (LODR) Regulations").
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The Board of Directors of Global Education Limited, at its meeting on 26 September 2025, approved the reclassification of 24 individuals and entities (related to Mr. Rishabh Sunil Surana) from the 'Promoter/Promoter Group' category to the 'Public' category under Regulation 31A of SEBI LODR Regulations. Notably, all 24 listed persons/entities currently hold Nil (zero) paid-up equity shares in the company, so the reclassification involves no change in actual shareholding. The outgoing promoters have confirmed they do not collectively hold more than 10% voting rights, do not exercise control, and are not wilful defaulters or fugitive economic offenders. The reclassification is subject to approval from the Stock Exchange, after which it will be reflected in the next quarter's shareholding pattern.
Since all outgoing promoter group entities hold zero shares, this is a purely administrative/cosmetic reclassification with no impact on actual shareholding or voting power. Existing public shareholders are not materially affected by this move.