The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Orchard Road Properties Pvt Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Virtual Global Education Ltd received a disclosure from Orchard Road Properties Pvt Ltd under SEBI's Substantial Acquisition of Shares & Takeovers Regulations. Orchard Road Properties, which is not part of the promoter group, acquired 2,37,50,000 equity shares via preferential allotment of warrants convertible into equity, allotted on 30 January 2026 at Rs. 1 per warrant. After this acquisition, the acquirer's holding in the company stands at 4.37% of the paid-up equity capital (up from 4.19% previously held via warrants). The company's paid-up equity capital rose from Rs. 44.74 crore to Rs. 54.24 crore as a result, reflecting dilution from the warrant conversion/allotment.
This is a non-promoter creeping acquisition that moves the acquirer closer to the 5% regulatory disclosure threshold under takeover rules. There is no change in promoter control, but existing shareholders should note fresh equity dilution from the preferential warrant allotment.