Annual Report for FY 2024-25
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kuberan Global Edu Solutions has filed its Annual Report for FY 2024-25 and notice for its 12th AGM to be held on 29th August 2025 via video conferencing. The company has undergone a major ownership change — in October 2024, Hathor Corporate Advisors LLP acquired the promoter stake through a Share Purchase Agreement and open offer, becoming the new promoter. Following this, the entire board and key managerial personnel were replaced on 24th June 2025, including the Managing Director, all independent directors, CFO and Company Secretary. The new management has announced it will gradually exit the legacy education/test-preparation business and is exploring new ventures, acquisitions, and strategic collaborations. Key AGM resolutions include appointing new statutory auditors (M/s PSV Jain & Associates) and secretarial auditors, increasing authorised share capital from Rs. 2.32 crore to Rs. 5 crore, seeking borrowing authority up to Rs. 50 crore, approval for related party transactions, and shifting the registered office from Coimbatore (Tamil Nadu) to Mumbai (Maharashtra).
This is effectively a company reset — new promoters, new board, exit from old business and search for a new direction create significant uncertainty for existing shareholders, though it also opens up turnaround potential. Investors should watch for clarity on the new business direction and any forthcoming acquisitions or capital raises, as the company is also expanding its borrowing and capital limits.