as per pdf attached.
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Awaiting price reaction for this filing.
The board of Virtual Global Education Ltd approved the conversion of 2,37,50,000 warrants into equity shares of Rs. 1 each, allotted to M/s Pearl Dealers Private Limited (a non-promoter entity). The company received Rs. 1,78,12,500 as the balance 75% consideration for the conversion. Post-allotment, Pearl Dealers holds 4.19% stake in the company, and the total paid-up equity capital has increased to Rs. 56,61,63,698 (56,61,63,698 shares). Separately, Mr. Satyendra Aryan resigned as CEO citing personal reasons, and Mr. Gaurav Garg (15+ years in IT and government business development) was appointed as the new CFO, both effective February 6, 2026.
The warrant conversion is mildly dilutive but brings in fresh capital (~Rs. 1.78 crore) from an existing investor, signalling continued confidence. The simultaneous exit of the CEO and appointment of a new CFO may raise short-term governance concerns, though reasons cited are personal.