Date: August 21, 2026
NCLT Order Sanctioning Demerger Scheme
The Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT) pronounced its order on August 18, 2026, which was made available on the NCLT website on August 21, 2026. The order sanctions the Scheme of Demerger between Yola Stays Limited (YSL) and Rishiraj Infravision Private Limited (RIPL) under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
Demerger Structure and Effective Dates
- Appointed Date: November 1, 2024
- Operative Date: The date on which certified copies of the NCLT Order are filed by YSL and RIPL with the Registrar of Companies
- Business Transfer: The real estate undertaking/business of YSL will be transferred to and vested in RIPL
- YSL Continuation: YSL will continue to carry on its remaining business after the demerger
Company's Existing Shareholding
Global Education Limited currently holds:
- 24,00,000 equity shares of ₹5/- each in Yola Stays Limited (YSL)
- 28,230 equity shares of ₹1/- each in Rishiraj Infravision Private Limited (RIPL)
Entitlement Under the Scheme
The Scheme provides for the following share entitlement ratio:
- 1 fully paid-up equity share of face value ₹1/- each of RIPL for every 1 equity share of face value ₹5/- each held in YSL
Based on the Company's existing holding of 24,00,000 equity shares in YSL, the Company shall be entitled to receive:
- 24,00,000 fully paid-up equity shares of face value ₹1/- each of RIPL
Current Status and NCLT Observations
- The equity shares have not been allotted to the Company as of the date of this disclosure (August 21, 2026)
- The NCLT order specifically notes that Global Education Limited is not a party to the Scheme
- The NCLT recorded that the proportional allotment would result in no dilution, reduction or change in the Company's economic interest, shareholding percentage, control or significant influence
- The Company will make further disclosures as required under SEBI Listing Regulations upon actual allotment of shares by RIPL