Global Education Limited — Others, 19-11-2024: Amendment to AOA/MOA

Global Education Limited has announced a board meeting to discuss the amendment to Clause V of its Memorandum of Association (MOA). Shareholders approved the subdivision of equity shares, resulting in an alteration to the authorized share capital, now set at Rs. 12 crore, divided into 5.97 crore equity shares of Rs. 2 each and 5,00,000 redeemable preference shares of Rs. 1 each.

This strategic move aims to enhance liquidity and may attract a broader range of investors, potentially improving market sentiment. The amended capital structure reflects a proactive approach to expanding shareholder value while providing flexibility for future capital adjustments.