Global Education Limited has informed the Exchange about General Updates ie Board of Directors in its meeting held on Monday, the 04th August, 2025 has considered and approved the request letter dated 29th July 2025 received for reclassification of the status by Mr. Rishabh Sunil Surana from Promoter Group Shareholder to Public Shareholder pursuant to Regulation 31A of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 subject to the requisite approvals from the Stock exchange
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The Board of Directors of Global Education Limited, at its meeting on August 4, 2025, approved a request from Mr. Rishabh Sunil Surana to reclassify him from 'Promoter Shareholder' to 'Public Shareholder' under SEBI Regulation 31A. Mr. Surana, who originally held 36,000 equity shares (1.4499% stake) at the time of the company's 2017 IPO, had gradually sold off his entire holding through multiple open market transactions, reducing his stake to zero. The reclassification is subject to approval from the National Stock Exchange. Since Mr. Surana holds less than 1% voting rights, no shareholder approval is required for this change. The company confirmed it remains compliant with minimum public shareholding requirements and has no pending regulatory dues.
This is a routine housekeeping reclassification with no impact on actual shareholding percentages, as the outgoing promoter already holds zero shares. Existing shareholders and the stock price are not affected by this change.