Virtual Global Education Ltd

Virtual Global Education Limited (VGEL) was incorporated in February 22, 1993. The company provides technical and vocational secondary education. The company is presently operating in education training industry. Moreover, it operates in the states of with 85 training Centers and targeting to open 140 training centers by March 2017. The Companys agenda focuses on providing vocational training and education in developing and rural areas of India, where there is a lack of skilled talent in areas like technology interventions and platforms. With increased competition for jobs and the trend now being on continuous learning, more and more people are enhancing their educational qualifications online. Besides, the company is professionally managed with senior professionals from reputed industries with strong leadership experiences in managing largescale operations across the country with strong educational background.To augment long term resources of the Company for meeting fund requirements of the existing and new business and for general corporate purposes including investments, the Company has, in accordance with the statutory provisions including Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, made a preferential allotment of 1,35,00,000 Equity shares of Rs 10/ on 7th January, 2013 to promoters and various strategic investors on conversion convertible warrants issued on 11th November, 2011. Further, the Company had made a preferential allotment of 1,10,25,000 Equity shares of Rs 10/ each to promoters and various strategic investors on 21st February, 2013 in accordance with the statutory provisions including Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009. The Shareholders in its ExtraOrdinary General Meeting held on 20th April, 2013 approved the subdivision of one equity share of the face value of 10/ each into one equity shares of the face value of Rs 1/ each and the resolution passed by the Board of Directors of the Company in its Meeting held thereafter, fixed the Book Closure for subdivision of Equity Shares from 19th day of August, 2013 to 22nd day of August, 2013 (both days inclusive).