Global Education reported a profit after tax (PAT) of ₹2,470.05 lakhs for the financial year ended March 31, 2026 (FY26), driven by a rise in total income to ₹9,222.63 lakhs from ₹7,143.58 lakhs in the prior year. The company declared a final dividend of ₹0.50 per fully paid-up equity share, matching the interim dividend paid during the year, signaling continued cash generation amidst operational growth.

The Fifteenth Annual General Meeting (AGM) was held on July 31, 2026, via Video Conferencing/Other Audio Visual Means (VC/OAVM). Shareholders approved the adoption of standalone and consolidated audited financial statements, including the reports of the Board of Directors and Statutory Auditors, M/s Patel Shah & Joshi. The meeting commenced at 11:05 A.M. and concluded at 11:40 A.M., with 35 members present, satisfying the requisite quorum of 30 members as per the Companies Act, 2013.

Key Financial Metrics FY26

Director Appointments and Continuations

The AGM addressed several key governance resolutions. Members approved the re-appointment of Aditya Praneet Bhandari as Whole-time Director for a further five-year term effective March 16, 2027. Additionally, shareholders consented to the continuation of Gururaj Vasant Rao Karajagi’s directorship beyond the age of 75 years as Chairman and Non-Executive, Non-Independent Director. Inder Krishen Bhat was re-appointed as Non-Executive Independent Director for a second two-year term.

Aditya Praneet Bhandari highlighted that the Board is exploring the expansion of existing activities through new services and additional facilities to support education-based operations. He emphasized a consulting-led approach centered on innovation to enable enterprises to leverage speed as a strength in the emerging fiscal landscape.

Compliance and Procedural Clarification

Global Education Limited issued a resubmission disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on July 31, 2026. The company clarified that an inadvertent clerical error in the initial filing resulted in only the covering letter being uploaded to the stock exchange portal, omitting the complete AGM proceedings. The revised submission includes the full proceedings as Annexure A, with no changes to the underlying information. Voting results were facilitated via Central Depository Services (India) Limited (CDSL), with remote e-voting conducted between July 28 and July 30, 2026.

Global Education Communities Corp. returned to profitability for the nine months ended May 31, 2026, reporting a net income attributable to shareholders of $0.672 million. This marks a turnaround from a net loss of $0.324 million in the corresponding period of the previous year. The financial performance was driven by a 9% increase in total revenue, which reached $16.593 million, and a significant 59% rise in EBITDA from continuing operations to $7.027 million.

The company completed the divestiture of its legacy educational assets, including the sale of SSLC Language College and VIC Vancouver International College on February 28, 2026, for $2 million. This follows the fiscal 2025 sale of Sprott Shaw College for gross cash proceeds of $35 million. These transactions align with Global Education Communities Corp.'s strategic shift to focus exclusively on its student housing real estate portfolio under the GEC Living brand.

Student housing rental revenue increased 11% to $13.922 million in Q3 2026, up from $12.543 million in the prior year. Earnings per share attributable to shareholders were $0.01, reversing from a loss per share of $(0.00) in the previous period. Adjusted EBITDA for continuing operations decreased 19% to $6.222 million, reflecting the impact of the divestitures and changes in fair value adjustments.

Financial Performance

The following table outlines the selected financial data for the nine months ended May 31, 2026, compared to the same period in 2025. All figures are in thousands of Canadian dollars unless otherwise stated.

Strategic Realignment

Global Education Communities Corp. has reorganized its reporting into four primary segments: Development and Construction, GEC Living, Education and Support Services, and Corporate. The Development and Construction segment focuses on projects such as GEC Oakridge, GEC Langara, and GEC Surrey Education Mega Center. The GEC Living segment operates eight student housing properties, including GEC Burnaby Heights and GEC King Edward, providing housing for students from 79 countries.