SAST Disclosure Regulation 29(2)
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Awaiting price reaction for this filing.
Promoter group entity Virtual Software & Training Pvt Ltd, along with PACs (Persons Acting in Concert), has disclosed a sale of 22,53,226 shares via off-market transactions. This includes 20,00,000 shares sold on February 13, 2026 (transferred as collateral against a Rs. 50 lakh loan) and 2,53,226 shares sold earlier in September-October 2025. Post-sale, promoter group holding has dropped from 42.88% to 37.50% of total share/voting capital. Virtual Software & Training's individual stake fell sharply from 8.94% to 3.57%, while the broader PAC group's holding remains unchanged at 33.94%. The combined promoter group continues to be the largest shareholder but well below the 50% mark.
Promoter stake reduction of over 5 percentage points may be viewed negatively by the market as it signals promoter offloading, though some of it is tied to a loan collateral arrangement. The reduced promoter holding to 37.50% could raise concerns about long-term promoter commitment, but it also means no immediate threat to management control.