Global Education Limited — Interim / Quarterly Report 2022

Jan 21, 2022

PATEL, SHAH & JOSHI

Chartered Accountants

PARTNERS : . CONSULTANT : M.S. SHAH, B.A. (Econ.), FCA, A.T.Lt. (England) . V.N. Shah M. A. (Cantab) ACA (England) 4, i, MEHTA, B. Gom., FCA,

501-503, Shee! Chambers, Sth Floor, 10, Cawasji Patel Streat, Fort, Mumbai - 400 001 India TEL :4022-2287 1591/49703398. FAX :+022-2282 5865. E-mail :psjbom@gmail.com

Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to — The Board of Directors Global Education Limited.

• {. We have reviewed the accompanying statement of unaudited standalone financial results of Globat Education Limited (the "Company") for the quarter and nine month ended December 31, 2021 (the "Statement") attached herewith, being prepared and submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations")
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 24)0, "Keview of Interim Financial Information Performed by the Independert Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interitn financial inforination consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

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1. Based on our review conducted as above, nothing has come to our attention that causes us fo believe that the accompanying Statement, prepared in accordance with the recognition and Measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Patel Shah & Joshi Chartered Accountants Firm Registration No. 107768W

Jayant |i Mehta Partne: FAI UE OL

Place: Mambai Date: 21% January 2022

Global Education Limited

CIN No. : L80301MH2011PLC219291

			Global Education Limited
	Registered Office : 306, 3rd floor Jalsingh business Centre Premises CHSL, Sahar Road, Block sector : Parsiwada, Andheri (E)} Mumbai-400099. CIN No. : L80301MH2011PLC219291						Amount in laces (Rs
	Statement of Audited Standalone Financial Results for the quarter ended 31st December, 2021
Sr. No	Particulars	31-12-2021	Quarter ended 30-09-2021	31-12-2020	31-12-2021	Nine months ended 31-12-2020	Year ended
: 1	Income	Unaudited	Unaudited	Unaudited	Unaudited		31-03-2021
	I. Revenue Fram Operations					Unaudited	Audited
		1,287.47	725.49	799.36	2,708.04	1,711.30	2,559.69
	Il. Other Operating Income Total Income From Operations (I+Il)	36.27 1,323.75	38,01 763.20	31.01 830.37	141.47 2,849.51	148.30 1,859.60	194.47 2,754.16
2	Expenses
	a) Operational Expenses b) Cost Of Traded Goods Sold	355.55 142.06	332.00 16.75	334.07 13.48	1,003.97 205.54	683.24 49.36	1,008.00 101.51
	d) Employees benefits expense	48,54	45.72	99.88	181.95	256.99	369.78
	e) Finance costs f) Depreciation and amortisation expense	0.12 138.32	0.06 75.29	0.40 18.22	0.25 227.21	0.71 122.04	1.17 136.65
	g) Other expenses	60.79	65.45	81.39	172.01	157.46	700.28
	Total expenses	745.38	535.27	547.44	1,790.93	1,269.81	2,317.39
3 4	Profit/ (Loss) From before Exceptional and Extraordinary Items and Fax (1-2) Exceptional items	578.37 -	227.93 -	282.93 -	1,058.58 -	589.79 -	436.77 -
5 6	Profit/ (Loss) before Extraordinary Items and Tax (3- a) Extraordinary Items	\$78.37 -	227.93 -	282.93 -	1,058.58 -	589.79 -	436.77
7	ed (Loss) After Exceptional Item But Before Tax	578.37	227.93	282.93	1,058.58	589.79	436.77
8	Tax expense far the year a) Current tax	153.28	62.34	69.18	277.14	156.67	120,48
g	b) Deferred tax Net Profit/ (Loss) for the period (7-8)	(7.68) 432.77	3.65 161.94	171 212.03	(2.76) 784.19	(8.36) 441.48	0.97 315.32
	10 Other Comrehensive Income 11 Total Compherensive Income for the perlod	432.77	: 161.94	- 212.03	- 784.19	- 441.48	1.75 317.07
	12 Paid-up Equity Share Capital-Face Value Rs. 10/- each 13 Weighted Average No.of Shares for EPS** Earnings per Share in Rupees (°.10/- each) (Not	1,018.03 101.80	1,018.03 101.80	1,018.03 101.80	1,018.03 101.80	248.30 24.83	1,018.03 101.80
	14 annualised)** a) Basic and diluted EPS	4.25	1.59	2.08	7.70	4.34	3.11

** All the EPS has been calculated considering the issue of Bonus Share since inception of the period

Notes:

1 Figures for corresponding previous period have been restated regrouped and rearranged wherever considered necessary.

These results have been prepared in accordance with the Ind AS notified under the Companies (Indian Accounting Standards) Rules 2015. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 21st January 2022. The 2 statutory auditors have expressed an unmodified review report on these resuits.

3 The Financials results for the quarter and nine months ended 31st December 2021 have been reviewed by the auditors.

Audited Standalone Statement of Assets and Liabilities as on 31st December, 2021
	As at	Amount In lacs (Rs) As at
	31-Dec-2121	31-Mar-21
Particulars	In Rs	In Rs
	Unaudited	Audited
Assets
Non - current assets (a) Property, Plant and Equipment
(i) Tangible Assets	1,664.58	140.41
(ii) Intangible Assets (iii) Capital Work in Progress	27.05 80.41	0.43
(b) Financials Assets		19.01
(i) Investments	19,94	24.94
(c) Other Non-Current Assets (d) Deferred Tax Asset (Net)	115.16 53.82	460.17 51.07
Total non - current assets	1,960.97	696.01
Current assets	0.02	0,01
(a) Inventories (b) Financial Assets	78.09	63.52
(i) Trade Receivables	1,835.62	1,424.90
(ii) Cash & Bank Balances (iii) Short Term Loans & Advances	61.07 1,275.00	63.69 2,123.59
(c) Other current assets	93.47	4.95
Total current assets	3,343.27	3,680.66
TOTAL ASSETS	5,304.24	4,376.67
Equity and liabilities A. Equity
(a) Equity Share Capital	1,018.03	1,018.03
(b) Reserves & Surplus	3,546.78	2,966.18
Total Equity	4,564.81	3,984.21
Non current liabilities (a) Financial Liability
(I) Other Financials Liabilities	41.40	67.77
(b) Other Non-Current liabilities Total non - current liabilities	41.40	67.77
Current liabilities
(a)Financial liabilities
(i) Trade Payables (b) Other Current Liabilities	585.35 95.43	268.04 35.46
(c) Short Term Provisions	17.25	21.19
Total current liabilities	698.03	324.69
TOTAL EQUITIES & LIABILITIES	5,304.24	4,376.67

5 Audited Standalone Cash Flow Statement for quarter ended 31st December , 2021:

5	Audited Standalone Cash Flow Statement for quarter ended	31st December , 2021:
	Particulars	For the quarter ended 31.12.2021 Unaudited		For the year ended 31.03.2021 Audited
	A) CASH FLOW FROM OPERATING ACTIVITIES Net profit before Tax & Extraordinary items	\$78.37		436.77
	Adjustments for : Depreciation	138.32		136.65
	Interest & Finance Charges Income	(36.27)		(193.51)
	Interest & Finance Charges expenses Gain on measurement of defined benefit plan	- -		2.34
	Provision for dimunition of investment Loss on sale of investment & fixed assets	(0.00) -		{0.00) 0.57
	Investments written off WDV of assets written off	- -		470.96 16.16
	Operating profit before working capital changes		680.42		869.95
	Working Capital Changes : Changes in Inventories	2.22		(2.90)
	Changes in Payables Changes in Receivables	- (8.55)		190.25
	Changes in Loans advances & deposits Other Assets	- 17.95		- 42.19
	Financial liabilities Non current liabitities	: (0.72)		- 10.38
	Trade Payables Changes in Other Current Liabilities	143.54 108.22		2.75 (50.10)
	Provisions Changes in Current Assets	(6.96) -		5.77 -
	Changes in other non current assets Changes in Other financial assets	- 0.01		1.30 (376.65)
	Cash generated from operations		255.71		(177.02)
	Direct Taxes (Income Tax) Income Tax of earlier years	153.28 -		120.48
	NET CASH FLOW FROM OPERATING ACTIVITIES (A)		782.84		572.45
	B) CASH FLOW FROM INVESTING ACTIVITIES
	Purchase of Fixed Assets Bank Deposits	(1,030.10) -		(48.81)
	Current/Non Current Investments Long term loans & advances	: 258.69		(19.94) (618.59)
	Interest & Finance Chgs. Income Sale of investment	36.27 -		193.51 10.00
	Profit /(Loss on sale of investment) Provision for diminution in value of Investment	- 0.00		(0.57) 0.00
	Receipts on account of the repayment of advances and Inane olven / {Advances and Inans made)
	NET CASH FLOW FROM INVESTING ACTIVITIES [B]		(735.14)		(484)}
	C) }CASH FLOW FROM FINANCING ACTIVITIES Interest Expense
	Dividend Paid Dividend Distribution Tax	(0.02)		(37.25)
	NET CASH FLOW FROM FINANCING ACTIVITIES [C]		(0.02)		(37.25)
	NET INCREASE/DECREASE IN CASH AND CASH		47.68		50.80
	OPENING BALANCE OF CASH AND CASH EQUIVALENTS		13.39		12.88

• The Company has two operating segments ie Educational Training & Development Activities and Business Support Activities, and their operations are within India
• The Company has considered the possible effects that may result from pandemic relating to COVID 19 in the preparation of the unaudited standalone financial results including the recoverability of carrying amount of financial and non - financial assets. Consequently, performance of the quarter and nine months ended is not comparable with the Quarter to Quarter and Nine months to previous Nine months ended.
• Company proposes to declare interim dividend at the rate of 20% on the paid up equity share capital of Rs.10,18,03,000/-which amount to Rs. 2/ per equity share. The same is recommended by the board of directors in the meeting held on January 21, 2021 for the Financial Year 2020-21 is i.e. Rs. 2/-per fully paid up Equity Share of Rs.10 each.
• The results of the company are also available on stock exchange website -www.nseindia.comand on the company website.

For and on behalf of the Board of Directors Giobal Education Limited

mya FeShowdat

Mr, Aditya Bhandari Whole Time Director Nagpur, January 21, 2022

		SEGMENTWISE REVENUE, RESULTS, ASSETS & LIABILITIES FOR THE QUARTER ENDED 31ST DECEMBER, 2021.	Global Education Limited				Amount in lacs (Rs)
				Standalone
S.No.	Particulars	31.12.2021	Quarter ended 30.09.2021	31.12.2020	Nine months ended 31,12.2021	31.12.2020	Yearly 31.03.2021
	1 = Segment Revenues Educational Training & Development Activities Business Support Activities	Unaudited 775.26 512.21	Unaudited 339,19 386.00	Unaudited 127.71 671.64	Unaudited 1,214.62 1,493.42	Unaudited 337.93 1,373.37	Audited 417,13 2,142.56
	Total revenue Less: Inter Segment Revenue Net Segment Revenue	1,287.47 1,287.47	725.19 - 725.19	799.36 : 799.36	2,708.04 : 2,708.04	1,711.30 : 1,711.30	«559.89 : 2,559.69
	2 = Segment Results Educational Training & Development Activities Business Support Activities	430.02 112.20	168.03 21.97	45.66 206.92	623.05 295.76	112.20 330.73	100.54 144.54
	Total Less : Interest and Financial Charges	\$42.22 0.12	190.00 0.07	252.58 0.66	918.80 0.26	442,93 0.98	245.08 1.82
	Add: interest income Total Profit before Tax Less : Loss from associate company Profit before tax after associate company	36.27 578.37 : 578,37	38.00 227.93 : 227.93	31.01 282.93 - 282.93	140.04 1,058.58 1,058.58	147.85 589.79 589.79	193.51 436.77 - 436.77
3a)	Segment Assets Educational Training & Development Activities Business Support Activities	1,609.26 3,585.99	1,467.54 3,058.57	959.27 3,647.33	1,609.26 3,585.99	959.27 3,647.33	483.39 2,442.05
	Unallocated Total	108.99 5,304.24	'101.31 4,627.41	116.90 4,723.50	108.99 5,304.24	116.90 4,723.50	451.23 4,376.67
3b)	[Segment Liabilities Educational Training & Development Activities	132.97	197.41	167.22	132.97	167.22	121.51
	Business Support Activities Unallocated Total	185.07 421.39 739.43	211.24 86.10 495.35	378.438 69.18 614.88	185.07 421.39 739.43	37§.48 69.18 614,88	150.48 120.48 392.46

SEGMENTWISE REVENUE, RESULTS, ASSETS & LIABILITIES FOR THE QUARTER ENDED 31ST DECEMBER, 2021. Global Education Limited