Pro CLB Global Limited has witnessed a complete exit by promoter Niraj Nirmalkumar Chamaria, who disposed of his entire shareholding through two separate market transactions. The promoter's exit was disclosed through regulatory filings under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

First Share Sale Transaction

The initial transaction took place on 31.12.2025, where Chamaria sold 44,740 equity shares through on-market sales. This disposal reduced his shareholding significantly from the pre-transaction level.

Complete Exit Through Second Transaction

The promoter completed his exit through a second transaction conducted between 02.03.2026 and 04.03.2026. This transaction involved the disposal of his remaining shareholding in the company.

Company Share Capital Structure

Pro CLB Global Limited, formerly known as Provestment Services Limited, maintains its equity share capital structure unchanged despite the promoter's exit. The company's shares are listed on BSE Limited under scrip code 540703.

Regulatory Compliance

Both transactions were properly disclosed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, which mandates disclosure of substantial changes in shareholding. The filings confirm that Chamaria belonged to the promoter group and conducted both sales through regular market mechanisms. The complete exit represents a significant change in the company's promoter structure, with Chamaria reducing his stake from 4.05% to zero through the two sequential transactions.

Pro CLB Global Limited has announced the execution of a strategic Memorandum of Understanding with Dream Media Network Private Limited, marking a significant step toward expanding its media and digital presence. The agreement, signed on 23rd February, 2026, outlines a comprehensive partnership structure designed to leverage the strengths of both organizations.

Transaction Structure and Equity Arrangement

The strategic association will be implemented through a share swap arrangement based on independent valuation of both parties. The transaction structure includes several key components:

The agreement provides Pro CLB Global with significant governance influence despite potentially holding a minority stake. The company will enjoy affirmative rights covering reserved matters including capital structure alterations, related party transactions, business line changes, and key managerial personnel appointments.

Dream Media Network Business Profile

Dream Media Network Private Limited operates VK News, positioned as India's premium online entertainment and news network. The company has established a comprehensive digital presence across multiple platforms:

Digital Platform Portfolio

• Regional YouTube Channels: VK News MP, Bihar, Uttar Pradesh, Rajasthan, Delhi-Haryana, Himachal, Marathi, and Jammu & Kashmir
• Entertainment Channel: Bollywood Kida
• Spiritual Content: Sanatan TV
• Operational Base: Property G-165, First Floor, Sector 63, Noida, Uttar Pradesh

The media company has outlined ambitious expansion plans including satellite channel launch, educational academy establishment, and diversification into web series, music platforms, and spiritual content. Dream Media Network's valuation stands at Rs. 5,163.33 per share based on Discounted Cash Flow methodology under Income Tax Rules 11U and 11UA.

Performance Milestones and Future Growth

The MOU establishes clear performance benchmarks for stake expansion beyond the initial 35% threshold. Key milestone categories include:

• Financial performance benchmarks
• Operational growth metrics
• Regulatory and statutory compliance track record

Dream Media Network has projected significant revenue potential from upcoming election cycles, digital advertising, and new venture launches. The company anticipates minimum fund generation of Rs. 5.00 crore to maximum Rs. 10.00 crore from election-related activities, with additional income streams from digital ads and regional channels.

Regulatory Compliance and Approvals

The transaction requires comprehensive regulatory compliance across multiple frameworks including SEBI LODR Regulations 2015, SEBI SAST Regulations 2011, and Companies Act 2013. Required approvals encompass audit committee clearance, board approvals from both parties, shareholder approvals where necessary, and stock exchange in-principle approval.

The MOU remains non-binding except for confidentiality, exclusivity, governing law, and dispute resolution clauses. The agreement maintains validity for three months from execution date, with potential extension through mutual written consent. Both parties will proceed to negotiate definitive agreements including Share Swap Agreement, Shareholders' Agreement, and ancillary implementation documents upon MOU execution.

Source: None/Company/INE438C01010/05e796e3-68be-49a8-a200-7c70750c78bd.pdf