Western Overseas Study Abroad Ltd

Western Overseas Study Abroad Limited: Trading Window closed from 1 October 2026 till the expiry of 48 hours after the declaration of the financial results of the Company for the half year ended 30 September 2026

Relocation of Jalandhar branch

• Relocated Jalandhar branch to new premises with immediate effect, aligned with expansion plans.
• New address is 1st Floor, Crystal Plaza, SCS 28, Garha Road, Jalandhar 144005.
• Date of filing: 21 September 2026.

UDIT Madrid agreement

• Agreement to act as representative for selection and recruitment of students for programs offered by UDIT Madrid.
• Parties: Western Overseas and the University of Design, Innovation and Technology (UDIT), Madrid.
• The arrangement is in the ordinary course; promoter group has no interest in UDIT.
• Expected to enhance Western Overseas' international presence and strengthen overseas education consultancy.
• No related party transactions are involved.
• No funding, timelines, or student intake figures disclosed.
• Dated 19 September 2026.

Overview

• Western Overseas to organise multi-city education fairs and overseas work visa drives in September 2026.

Education & Immigration Fairs Scope

• Education & Immigration Fairs across Amritsar, Jalandhar, Patiala, Bathinda, Ambala, Chandigarh, Kurukshetra, Karnal, Rohtak, Sonipat, Delhi and Indore.

Work Visa Hiring Drives

• Ten overseas work visa recruitment drives for Dubai; 1,000+ applicants targeted.

FY26 Financials

• FY26 revenue ¥2,034.52 Lakhs; EBITDA ¥456.17 Lakhs; PAT 27278 Lakhs.

Listing & Governance

• Listed on BSE SME platform on December 11, 2025.

Meeting Details

• Date and time: 03 September 2026 at 02:00 PM, virtual.
• Type and mode: Analyst/Investor meeting, virtual.
• Event/organiser: Analysts/Investors’ meeting, hosted by Western Overseas Study Abroad Ltd.

Participants

• Key participants (company): Company officials.

Purpose

• Purpose: Outcome of Analysts/Investors’ meeting.

Additional Notes

• UPSI shared during interactions.

AGM Details

• 31 August 2026, physical AGM with remote e-voting and ballot option
• Meeting concluded at 10:20 AM
• Remote e-voting window: 28-30 August 2026; cut-off 21 August 2026
• Total shareholders on record: 391

Resolutions Presented

• Item 1: Adopt audited financial statements (Ordinary).
• Item 2: Re-appoint Deepak Kumar as Director (Ordinary).
• Item 3: Change company name to new corporate name (Special).
• Item 4: Alter object clause (Special).
• Item 5: Re-appoint Secretarial Auditor (Ordinary).
• Item 6: Appoint Ambika Jindal as Independent Director (Special).

Voting Outcome

• All resolutions passed with 100% in favor; no dissent.
• Unanimous support for all items.

Dividend

• Dividend: No proposal or declaration.

Director Changes

• Deepak Kumar re-appointed as Director.
• Ambika Jindal appointed as Independent Director.

Auditors

• Secretarial Auditor re-appointed.

Related Party Transactions

• No material RPTs approved.

Other Material Approvals

• Name change approved; alteration to object clause approved.

AGM Details

• Date: 31 August 2026; Time: 10:00 AM; Mode: Physical meeting at registered office.
• Concluded at 10:20 AM.
• Quorum: five members present.
• Chairman: Mr. Pardeep Balyan (MD) chaired the meeting.
• e-voting facility provided Aug 28–30, 2026; cutoff Aug 21, 2026.
• Scrutinizer for e-voting: CS Pooja Damir Miglani.
• Poll conducted for all resolutions; results to be announced on website and stock exchange.

Resolutions

• Adoption of Audited Financial Statements for year ended 31 March 2026 (Ordinary).
• Re-appointment of Deepak Kumar, retiring by rotation.
• Name change to Western Overseas Global Solutions Limited (Special).
• Alteration to object clause of memorandum of association (Special).
• Re-appointment of Secretarial Auditor (Ordinary).
• Appointment of Ambika Jindal as Independent Director (Special).

Governance & Audit

• Auditors’ report had no qualifications or adverse remarks.
• Voting results to be announced on the company website and stock exchange.

Director Changes

• Retirement of Deepak Kumar by rotation; re-appointment proposed.
• Ambika Jindal appointed as Independent Director.

Business overview

• Overseas education and immigration consultancy with 12 offices across India.
• End-to-end platform: coaching, admissions, exam, visa, and loan support.
• IPO-funded technology upgrades: ERP and mobile app under development.
• Exam-voucher and related services contributed 30.1% of FY26 revenue.

Operational highlights

• FY26 revenue from operations ₹2,027.4 Lakhs; EBITDA ₹456.17 Lakhs; PAT ₹272.78 Lakhs.
• EBITDA margin 22.4%; PAT margin 13.5%.
• 12 offices; 18+ destination countries; visa approval rate 79.38%.
• Net cash ₹289 Lakhs; long-term debt ₹0; short-term borrowings ₹210.15 Lakhs.
• IPO proceeds allocated to ERP/app build (₹300 Lakhs) and media plan (₹342.5 Lakhs).

Financial performance

• FY25 revenue ₹2,272.5 Lakhs; FY26 ₹2,027.4 Lakhs, YoY decline.
• PAT grew 23.4% YoY; EBITDA grew 15.2% YoY.
• NAV per share ₹30.8; total equity ₹1,853.47 Lakhs by FY26.
• Consolidated CFO negative; FY26 CFO ₹-169.89 Lakhs.

Capital structure & liquidity

• Debt-free long-term; repaid ₹200 Lakhs ICICI debt with IPO proceeds.
• Net cash ₹289 Lakhs; cash ₹499 Lakhs; total debt ₹210 Lakhs.
• Promoter holding ~70%; listed on BSE SME in Dec 2025.

Strategic priorities & outlook

• Increase technology integration; ERP and apps under 12 months.
• Expand global partnerships; Croatia agreement signed Apr 2026.
• Diversify revenue mix; non-commission lines grew to 30.1% FY26.
• IPO-funded media and digital build; disciplined capital deployment.

Risks & mitigation

• Headwinds from declines in Canada/US permits; mitigated by multi-destination strategy.
• Rerouting demand to UK/Germany, Croatia; expanding language training and PR/Visa services.

Governance & leadership

• Promoter MD: Mr. Pardeep Balyan; promoter holding ~70%.
• CFO: Ms. Ruchika Ohri; Independent Directors: Mr. Umesh Chand Sharma, Ms. Sapna.
• Company converted to public limited; listed on BSE SME in Dec 2025.
• MEA Emigration Act registration; ICEF/AAERI memberships.

Meeting Details

• Date and time: Thursday, 3 September 2026 at 2:00 PM
• Type and mode: Group meeting, virtual
• Event: Analyst/Investor Meet organized by the company

Participants

• Key company participants: not specified in the filing

Purpose

• Group meeting with analysts/investors; discussion to be based on public information

Additional Notes

• Meeting may be cancelled, rescheduled, or postponed