Virtual Global Education Limited has announced the resignation of Mrs. Anju from her position as Company Secretary & Compliance Officer, effective February 09, 2026. The company informed BSE Limited about this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Resignation Details

Mrs. Anju, holding ACS No. 54620, submitted her resignation from the position after the closing of business hours on February 09, 2026, citing personal reasons. The resignation was communicated through a formal email to the company on the same date.

Regulatory Implications

With her resignation, Mrs. Anju will cease to be a Key Managerial Personnel under Section 203 and other applicable provisions of the Companies Act 2013. She will also no longer serve under regulations 30(5) of the SEBI LODR Regulations for determining the materiality of events or transactions requiring disclosure to the stock exchange.

The resignation was processed in accordance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations 2015. Mrs. Anju confirmed in her resignation letter that there are no material reasons for her departure other than the personal reasons stated.

Company Response

Virtual Global Education Limited has acknowledged the resignation and initiated the process of appointing a new Company Secretary & Compliance Officer. The company has committed to communicating the new appointment to the stock exchange once finalized.

The announcement was signed by Prasanna Laxmidhar Mohapatra, Whole Time Director (DIN: 09528267), on February 10, 2026. The company expressed gratitude for Mrs. Anju's service during her tenure and wished her well for future endeavors.

Virtual Global Education Limited's board of directors conducted a significant meeting on February 06, 2026, addressing multiple strategic decisions including warrant conversion, executive resignations, and new appointments. The comprehensive board meeting, held from 3:00 PM to 5:10 PM, resulted in several material changes to the company's structure and leadership team.

Warrant Conversion and Capital Structure

The board approved the allotment of 2,37,50,000 equity shares through warrant conversion to Pearl Dealers Private Limited. The conversion involved warrants originally issued on preferential basis under SEBI (ICDR) Regulations, 2018.

Following this conversion, the company's issued and paid-up capital increased to Rs. 56,61,63,698/-, consisting of 56,61,63,698 equity shares of Rs. 1/- each. The newly allotted shares rank pari-passu with existing equity shares.

Executive Leadership Changes

The board addressed significant changes in the executive leadership structure. Mr. Satyendra Aryan (PAN: ALCPA6504E) tendered his resignation from the Chief Executive Officer position, effective from the close of business hours on February 06, 2026, citing personal reasons.

New CFO Appointment

Simultaneously, the board approved the appointment of Mr. Gaurav Garg as Chief Financial Officer, effective February 06, 2026. Mr. Garg brings over 15 years of experience in IT Government Business Development across multiple State Governments and PSUs, with proven expertise in strategic government engagement, partner ecosystem management, and tender acquisition.

Shareholding Impact Analysis

The warrant conversion significantly altered the company's shareholding pattern. Pearl Dealers Private Limited, previously holding no equity stake, now commands 4.19% of the total equity capital through the conversion of 2,37,50,000 warrants.

The warrants were originally allotted on August 09, 2024, carrying rights to subscribe to one equity share per warrant upon payment of the remaining 75% of the issue price. All regulatory disclosures have been submitted to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full compliance with market regulations.