Nature of the Event

Virtual Global Education Limited has intimated the Bombay Stock Exchange about the approval for sale/disposal of its subsidiary, M/s Shikshan School Private Limited. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Quantitative Figures

The subsidiary, Shikshan School Private Limited, contributed no turnover, revenue, or income to Virtual Global Education Limited during the last financial year. The net worth contribution is not quantified in the disclosure.

Dates of Action

The Board of Directors of Virtual Global Education Limited approved the proposal for sale/disposal of the subsidiary in its meeting held on 21st October, 2026.

Parties Involved

The subsidiary being sold is Shikshan School Private Limited. The company will search for suitable prospective buyers, and the transaction price will be determined by a Registered Valuer.

Transaction Details

  • No agreement for sale has been entered into yet (the company is in search of prospective buyer)
  • Expected completion date depends on time taken for buyer search and receiving all approvals
  • Consideration details are not applicable at this stage
  • The transaction is not a related party transaction
  • The transaction is confirmed to be at arm's length
  • The sale does not fall under Scheme of Arrangement (not applicable)
  • The sale is not a slump sale (not applicable)

Financial Impact

The financial impact of the transaction has not been quantified in the disclosure. The subsidiary contributed no revenue or income to the company during the last financial year.

Capital Structure Impact

No specific impact on capital structure is mentioned in the disclosure.

Governance Details

The disclosure was signed by Renu Malik, Company Secretary & Compliance Officer of Virtual Global Education Limited, on 21st October, 2026 at 22:07:34 IST.

#Tags: #VirtualGlobalEducation #SEBIRegulation30 #SubsidiarySale #CorporateRestructuring #Neutral