Approval of Audited Financial Results for Half year and Financial Year ended 31st March, 2025 and Noting of resignation of Ankur Gala as Company Secretary
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Awaiting price reaction for this filing.
Kuberan Global Edu Solutions reported audited results for FY25 showing total revenue of Rs 53.64 lakhs, a sharp drop of about 44% from Rs 96.29 lakhs in FY24. The company swung to a loss before tax of Rs 45.84 lakhs compared to a loss of Rs 1.98 lakhs in the previous year, with EPS at negative Rs 2.18 versus positive Rs 0.09. Management announced it is winding down its core publishing and sale of educational books division in a phased manner, citing a permanent shift to digital/e-learning after COVID-19. The statutory auditor M/s Hashim & Associates issued an unmodified (clean) opinion on the results. Separately, Company Secretary and Compliance Officer Ankur Pravin Gala resigned effective 31 May 2025 due to personal reasons.
Negative for shareholders — revenues have nearly halved, losses have widened significantly, and the company is shutting down its main business segment, raising serious questions about future operations and viability. The CS resignation adds near-term governance uncertainty until a replacement is named.