Global Education Limited has informed the Exchange regarding Change in Auditors of the company.
GLOBAL · price
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Global Education Limited's board, at its meeting on May 16, 2025, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Standalone total income for FY25 stood at Rs. 7,143.58 lakhs (down from Rs. 7,395.35 lakhs in FY24), with net profit of Rs. 2,518.67 lakhs (down from Rs. 3,044.63 lakhs) and EPS of Rs. 4.95 (vs Rs. 5.98). The statutory auditor Patel Shah & Joshi issued an unmodified opinion. The board recommended a final dividend of Rs. 0.50 per share (25% on face value of Rs. 2), subject to shareholder approval. The board also approved the re-appointment of Patel Shah & Joshi as statutory auditors for a second 5-year term, appointment of CS Riddhita Agrawal as secretarial auditor, and M/s C.R. Sagdeo & Co. as internal auditor. Additionally, the board authorized investment of up to Rs. 15 crore in NSE shares and approved related-party transactions worth up to Rs. 7 crore each with Midastech Ventures and Cerebral Tech Ventures. The 14th AGM is scheduled for July 25, 2025, with record date of July 11, 2025.
Shareholders will receive a Rs. 0.50 per share dividend (subject to AGM approval) with record date July 11, 2025. The decline in both revenue (~3.4%) and net profit (~17.3%) year-over-year may be a mild negative signal, though the company declared an unmodified audit opinion and continues a healthy current ratio of 12.66, suggesting short-term financial strength.