Global Education Limited has informed the Exchange regarding Corrigendum to Corrigendum to the Outcome of the Second (02nd) Board Meeting of Financial Year 2025 2026 held on Friday, 16th May, 2025
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Global Education Limited has issued a corrigendum to the outcome of its 2nd Board Meeting for FY 2025-26 held on 16th May 2025. The correction relates to Point No. 4(f) regarding the authorization for investment of surplus funds. The original amount of Rs. 15 Crores (Rs. 15,00,00,000) has been revised to Rs. 35 Crores (Rs. 35,00,00,000), more than doubling the investment limit. The funds are to be deployed for purchasing shares or securities of the National Stock Exchange of India Limited (NSE), in a phased manner, from related or unrelated parties. The company stated this was an inadvertent error, and all other details of the original outcome remain unchanged.
The upward revision of the investment authorization from Rs. 15 Crore to Rs. 35 Crore signals the company's intent to deploy a larger pool of surplus cash into NSE securities, which may be viewed positively by investors as a treasury optimization move. Shareholders should note this is a correction filing and the underlying investment activity (buying NSE shares) remains subject to future disclosures.