The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pearls Dealers Pvt Ltd
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Pearls Dealers Private Limited, a non-promoter entity, disclosed the acquisition of 2,37,50,000 equity shares in Virtual Global Education Ltd through preferential allotment of warrants convertible into equity. As a result, their shareholding in the company now stands at 4.37% of the total paid-up equity share capital. The warrants were allotted on 06/02/2026 at Rs. 1 per warrant, with each warrant convertible into 1 equity share. The company's total equity capital expanded from Rs. 54.24 crore (54,24,13,698 shares) to Rs. 56.62 crore (56,61,63,698 shares) following this preferential issue.
A non-promoter entity building a ~4.37% stake via preferential warrants signals potential strategic interest in the company, though the position remains just below the 5% SAST disclosure threshold. Shareholders should watch for further acquisitions that could cross regulatory thresholds or indicate a larger activist/strategic play.