GLOBAL EDUCATION LIMITED : UPDATE ON ALLOTMENT OF EQUITY SHARES PURSUANT TO SCHEME OF DEMERGER

• Rishiraj Infravision Private Limited (RIPL) has allotted 24,00,000 fully paid-up equity shares of face value ₹1/- each to Global Education Limited (Company). • The allotment follows the NCLT-sanctioned Scheme of Demerger between Yola Stays Limited and RIPL. • The share entitlement ratio was 1 fully paid-up equity share of RIPL for every 1 equity share held in YSL. • The Company's holding in RIPL is now 24,28,230 shares, approximately 28.24% of the post-allotment equity share capital. • The Company did not pay any cash consideration for the allotment.

Global Education Limited

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