The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Virtual Software & Training Pvt Ltd & Others
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Kati Patang Lifestyle Ltd's promoter group entity, Virtual Software & Training Pvt Ltd, sold 22,53,226 shares (5.38% of share capital) via off-market transactions, comprising 20 lakh shares on February 13, 2026 and 2.53 lakh shares sold earlier in September-October 2025. As a result, the promoter group's aggregate holding fell from 42.88% to 37.50% of the company's share capital. Of the total sold, 20 lakh shares were transferred as collateral against a Rs. 50 lakh loan taken by the selling entity, to be held by the transferee until the loan is repaid. The shares are listed on BSE, and the disclosure was filed under SAST Regulations.
A 5.38% reduction in promoter stake is a sizeable divestment and may be viewed negatively by retail investors, as promoter selling can signal reduced confidence. However, the promoter group retains majority control at 37.5%. The loan-collateral structure of the 20 lakh share transfer adds an additional layer of risk, as these shares could be monetized by the lender if the loan is not repaid.