Resignation of promoter Directors pursuant to Open Offer Conditions
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Three promoter directors of Kuberan Global Edu Solutions Ltd resigned effective close of business hours on 24th June 2025, following an Open Offer made by acquirer M/s Hathor Corporate Advisors LLP. The resignations are from Chandramouleeswaran Krishnan (Managing Director), Palanivelammal K (Whole Time Director), and Chandra Sekaran Krishnan (Whole Time Director). Because the existing promoters are seeking reclassification as Public Shareholders under SEBI rules, they are legally required to step down from the board and from any Key Managerial Personnel roles. The resignation letters and SEBI-required disclosures were attached as annexures to the filing. Sushmita Jeetendra Shete remains as a director and signed off on the disclosure.
This effectively marks a change of control at the company via the open offer route, with the acquirer Hathor Corporate Advisors LLP set to take charge. Shareholders should expect fresh board appointments and a possible strategic shift; the stock could see volatility tied to the takeover process.