As per annexure
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 announced a sweeping board overhaul following a change in management and control triggered by the open offer from acquirer M/s Hathor Corporate Advisors LLP. The existing promoter group (Managing Director Chandramouleeswaran Krishnan, Whole Time Director Palanivelammal, and Director Chandra Sekaran Krishnan) resigned from the board. CFO Vishnu Vishwanathan also resigned on 23rd June 2025, and three independent directors (Sathyaseelan Thavasiappan, Manikannan Sekar, Meganathan Ethiraj) stepped down citing personal reasons. A new board was constituted with Ms. Sushmita Jeetendra Shete appointed as Chairman (Non-Executive, Non-Independent), her spouse Mr. Siddhant Laxmikant Kabra as Non-Executive Non-Independent Director, Mrs. Rajshree Vijay Bhosale as Whole-Time Director and CFO, plus three new independent directors (Mandar Kamlakar Patil, Sachin Govind Warule, Suraj Mahadev Gaikwad). The company also appointed new statutory, secretarial, and internal auditors for FY 2024-25 and 2025-26, and set up a new corporate office on lease in Dadar, Mumbai.
This is a major governance event marking a complete change of control at the company. Shareholders should expect the new management to set fresh strategic direction. Stock may see volatility as the company transitions to a new promoter team brought in by the acquirer.