Annual Report for FY 2024-25
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Awaiting price reaction for this filing.
Kuberan Global Edu Solutions filed its 12th Annual Report for FY 2024-25, with the AGM scheduled for Friday, 29 August 2025 at 12:30 PM via video conferencing. The filing reveals a sweeping change of control: in October 2024, the original promoter group entered a Share Purchase Agreement with Hathor Corporate Advisors LLP, which completed an open offer and became the new promoter. The entire old board (Managing Director, Whole-Time Director, three Independent Directors, CFO, and Company Secretary) resigned on 24 June 2025 and was replaced by a new team led by Chairperson Sushmita Shete. The new management has decided to wind down the legacy test-preparation business (banking, MBA, government exam, CA/CMA/CS coaching) and is evaluating new business opportunities including acquisitions, strategic collaborations, and possible industry shifts. Key AGM resolutions include shifting the registered office from Coimbatore (Tamil Nadu) to Mumbai (Maharashtra), increasing authorised share capital from Rs 2.32 crore to Rs 5 crore, and approving aggregate borrowing, investment, and loan limits of Rs 50 crore each.
This is essentially a 'shell-with-a-new-direction' moment for the company — the stock now sits at the start of a new business pivot under fresh promoter Hathor Corporate Advisors, which brings both opportunity and uncertainty for shareholders. Investors should watch for clarity on the new business vertical, any fund-raising tied to the expanded borrowing/investment limits, and the outcome of the registered office shift to Mumbai.