G. Suresh has filed a regulatory disclosure with BSE Limited regarding an increase in his shareholding in cg-vak software & exports Limited through a share transmission transaction. The disclosure, made under the SEBI Substantial Acquisition of Shares and Takeovers Regulations 2011, details a significant change in the company's shareholding pattern.

Transaction Details

The share transmission from C. Ganapathy to G. Suresh was completed on February 25, 2026. The transaction involved the transfer of 4,06,350 shares, which qualified for exemption under Regulation 10(1)(g) of the SEBI regulations. This exemption eliminated the requirement for an open offer, as the acquisition fell under the permitted transmission category.

Official Filing Documentation

The formal disclosure was submitted through proper regulatory channels, with CG-VAK Software and Exports Limited's Company Secretary Harcharan J filing the required documentation on February 27, 2026. G. Suresh personally submitted his disclosure letter on February 26, 2026, ensuring compliance with post-transaction reporting requirements under Regulation 10(6).

Shareholding Changes

The transaction resulted in substantial changes to the shareholding structure:

G. Suresh's shareholding increased by 8.05 percentage points, making him the largest individual shareholder in the company with 26.90% stake.

Regulatory Compliance

The disclosure confirms that no prior announcement under Regulation 10(5) was required for this transaction. The filing was submitted to BSE Limited in compliance with the post-transaction disclosure requirements. The transaction's classification under Regulation 10(1)(g) provided the necessary exemption from making an open offer to other shareholders.

Share Capital Impact

The transmission represents a redistribution of existing shares rather than new issuance, with the total diluted share capital of CG-VAK Software & Exports Limited remaining unchanged. The promoter group's collective holding continues to represent a significant portion of the company's equity structure, with the four disclosed shareholders collectively holding 53.86% of the total share capital post-transaction.

CG-VAK Software & Exports Limited has announced its unaudited financial results for the quarter ended December 31, 2025, alongside a significant leadership change. The company reported robust performance with Mr. G. Suresh transitioning from Managing Director & CEO to Chairman & Managing Director, as approved by the Board of Directors on February 11, 2026.

Q3FY26 Financial Performance

The company delivered strong standalone financial results for the third quarter. Revenue from operations reached ₹1,496.87 lakhs compared to ₹1,405.85 lakhs in the corresponding quarter of the previous year, marking growth in the core business operations.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, the company demonstrated consistent growth across key financial parameters. Revenue from operations increased to ₹4,363.82 lakhs from ₹3,978.56 lakhs in the corresponding period of the previous year.

Consolidated Results

On a consolidated basis, the company reported revenue from operations of ₹1,864.53 lakhs for Q3FY26 and net profit of ₹323.81 lakhs. The consolidated nine-month revenue stood at ₹5,536.88 lakhs with net profit of ₹951.41 lakhs, reflecting the performance of the parent company along with its subsidiary CG-VAK Software USA Inc.

Leadership Transition

The Board of Directors approved the change in designation of Mr. G. Suresh (DIN: 00600906) from Managing Director & CEO to Chairman & Managing Director. This represents a designation modification rather than a new appointment, maintaining continuity in executive leadership while enhancing strategic oversight capabilities.

Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the Audit Committee. The company operates primarily in the Information Technology Services segment, with the Managing Director identified as the Chief Operating Decision Maker for performance evaluation purposes.