Virtual Global Education Ltd (VIRTUALG) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Virtual Global Education Ltd on NSE and BSE, with an AI summary of each filing.
as per pdf attached.
Others (Uncategorized) · 26 Oct 2026, 8:50 pm
Virtual Global Education Audit Qualifications and Fraud Disclosures Virtual Global Education released its audit qualification impact for the quarter ended 30th Sep'26, adjusting reported standalone net profit from ₹2.95 lakh to a ₹83.78 lakh loss (consolidated loss: ₹83.79 lakh). A ₹88.18 lakh impairment was mandated due to unauthorized fund misappropriation by the former CFO during FY24-25. Auditors raised further qualifications over unsupported transactions, including ₹5.32 crore in Gurugram land advances, ₹21.44 crore in loans/advances, ₹6.37 crore in training expense payables, and unverified utilization of funds from 14.25 crore warrant issuances.
as pdf attched
Others (Uncategorized) · 22 Oct 2026, 4:04 am
Virtual Global Education Board Approves Sale of Subsidiary Shikshan School Virtual Global Education's Board of Directors approved the sale and disposal of its subsidiary, Shikshan School Private Limited, on 21st Oct'26. The transaction will be executed at a valuation determined by a Registered Valuer once a prospective buyer is identified. The unit contributed zero turnover, revenue, or income to the parent entity in the last financial year. The proposed divestment is not a related-party transaction, and the completion timeline remains contingent on finding a buyer and securing requisite approvals.
as pdf attched
Others (Uncategorized) · 22 Oct 2026, 3:59 am
Virtual Global Education Approves ₹42 Crore Preferential Warrant Issue Virtual Global Education’s board approved the preferential issuance of up to 42.00 crore fully convertible warrants at ₹1 per warrant, aggregating ₹42.00 crore, on 21st Oct'26. The issue allocates 10.00 crore warrants to promoter entity Shree Assets Reconstruction Limited and 32.00 crore warrants to non-promoter public investors. Warrants are convertible into equity shares (1:1) within 18 months, requiring 25% upfront subscription. Upon full conversion, promoter shareholding will increase from 8.23% to 14.87%, expanding total paid-up shares from 56.62 crore to 98.62 crore.
as pdf attached
Change in Management · 22 Oct 2026, 3:58 am
Virtual Global Education Appoints Krishan Bansal as CFO and Executive Director Virtual Global Education Limited announced the appointment of Krishan Bansal as Chief Financial Officer and Executive Director, effective 21st Oct'26, following recommendations from the Nomination and Remuneration Committee. Bansal brings over 30 years of post-qualification experience across Government of India offices, PSUs, and listed and unlisted corporate entities, spanning finance, accounts, corporate compliance, and administration. The company confirmed that Bansal is not debarred by SEBI or any other regulatory authority and holds no familial relationships with existing board directors.
as pdf attached
Change in Management · 22 Oct 2026, 3:54 am
Virtual Global Education CFO Gaurav Garg Resigns Due to Personal Reasons Virtual Global Education Limited announced that Chief Financial Officer Mr. Gaurav Garg has tendered his resignation effective from the close of business hours on 21st Oct'26 citing personal reasons. The company confirmed there are no other material reasons for his departure. Additionally, the company stated it is currently in the process of appointing a successor to the CFO position and will inform the stock exchange once finalized.
as pdf
Financial Result · 22 Oct 2026, 3:50 am
Virtual Global Education Approves ₹42 Cr Preferential Issue and Management Changes Virtual Global Education approved a preferential issuance of up to 42 cr fully convertible warrants at ₹1 each, raising ₹42 cr with 25% payable upfront. For Q2 ended 30th Sep'26, consolidated net profit stood at ₹7.00 lakh on total revenue of ₹26.05 lakh. The board approved the disposal of subsidiary Shikshan School Pvt Ltd and appointed Krishan Bansal as CFO and Executive Director following Gaurav Garg's resignation. Statutory auditors issued a qualified opinion citing past unprovided CFO misappropriation of ₹88.18 lakh and unverified advances and payments.
as pdf attached
Outcome · 22 Oct 2026, 3:46 am
Virtual Global Education Ltd - Financial Result for the Quarter ended 30th Sep'26 (Consolidated, INR Lakh) ■ Revenue: 6.9 (+116.0% QoQ) ■ EBITDA: -13.5 (+57.9% YoY | +6.1% QoQ) ■ EBITDA Margin (%): -196 (+25451 bps QoQ) ■ PAT: 2.9 (Loss to Profit YoY | -58.0% QoQ) ■ EPS (INR): 0.00 (Loss to Profit YoY | +0.0% QoQ)
Virtual Global Education Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/10/2026 ,inter alia, to consider and approve the agenda as attached
Intimation · 21 Oct 2026, 5:30 am
Virtual Global Education Board to Consider Q2 Results, Fundraise, and Subsidiary Sale Virtual Global Education Limited has scheduled a Board of Directors meeting on 21st Oct'26 to consider and approve several key corporate actions. The board will review unaudited financial results for the quarter ended 30th Sep'26, evaluate a fund-raising proposal via equity shares or convertible securities, and deliberate on the sale or disposal of its subsidiary, Shikshan School Private Limited. Additionally, the agenda includes approving the appointment of Key Managerial Personnel, subject to requisite regulatory and shareholder approvals.
as pdf attached
Change in Management · 27 Aug 2026, 8:30 pm
Virtual Global Education Confirms Key Board Appointments at AGM At its 33rd AGM on 25th Aug'26, shareholders approved key board appointments for five-year terms. Mr. Prem Gupta was regularized as Executive, Whole-time Director. Mrs. Payal Sharma and Mr. Rohan Agarwal were regularized as Non-Executive Independent Directors. All three were initially appointed as Additional Directors on 27th May'26. Mr. Gupta has 30+ years of finance experience. Mrs. Sharma has 15+ years in legal and secretarial fields. Mr. Agarwal has 3+ years in the textile manufacturing sector and holds a directorship at Ace Edutrend Ltd.
as pdf attached
Annual General Meeting · 27 Aug 2026, 8:28 pm
Virtual Global Education Shareholders Approve All AGM Resolutions At its 33rd AGM on 25-Aug'26, Virtual Global Education shareholders passed all four proposed resolutions with over 99.99% of total votes in favour. Key approvals include the adoption of FY26 financial statements and the appointments of Mr. Prem Gupta as Whole-Time Director, Ms. Payal Sharma as Independent Director, and Mr. Rohan Mohan Agarwal as Independent Director. All resolutions, including two special resolutions, received overwhelming support via remote e-voting and polling at the meeting, with 22.26% of total shares being voted.
as pdf attached
Annual General Meeting · 26 Aug 2026, 12:13 am
Virtual Global Education AGM Reveals Significant Auditor Qualifications and Financial Irregularities Virtual Global Education’s 33rd AGM on 25 Aug'26 highlighted numerous auditor qualifications for the year ended 31 Mar'26. Key concerns include a ₹88.17 lakh fund misappropriation by the ex-CFO, with no provision made for the loss. Auditors also flagged insufficient documentation for a ₹20.19 cr loan, unrecoverable investments of ₹39.50 lakh, and a ₹19.98 cr advance for project development lacking confirmation. Multiple secretarial audit qualifications, including non-compliance with LODR regulations and filing inconsistencies, were also reported.
as pdf attached
Others (Uncategorized) · 31 Jul 2026, 9:15 pm
as pdf attached
Annual General Meeting · 31 Jul 2026, 9:10 pm
Virtual Global Education To Hold 33rd AGM on 25th Aug'26 Virtual Global Education Limited has scheduled its 33rd AGM for 25th Aug’26. Key proposals include the adoption of FY26 financial statements and director appointments. Shareholders will vote on appointing Mr. Prem Gupta as Whole Time Director, and Ms. Payal Sharma and Mr. Rohan Mohan Agarwal as Independent Directors, each for a five-year term. The record date for e-voting eligibility is 19th Aug’26, with the remote e-voting period open from 22nd Aug’26 to 24th Aug’26. The Register of Members will be closed from 18th to 25th Aug’26.
as pdf attached
Others (Uncategorized) · 21 Jul 2026, 4:19 pm
Virtual Global Education Submits Insider Trading Compliance Certificate for Q1FY27 Virtual Global Education submitted its compliance certificate for the quarter ended 30 Jun'26, pursuant to SEBI's Insider Trading regulations. The company secretary, Renu Malik, certified on 20 Jul'26 that the company maintains a non-tamperable Structured Digital Database (SDD) with an audit trail, as required. The certificate confirms that all necessary compliance requirements are met, including capturing details of Unpublished Price Sensitive Information (UPSI). The company was required to capture one event in the SDD during the quarter.
as per PDF attached
Others (Uncategorized) · 15 Jul 2026, 8:18 pm
Virtual Global Education's Q1 FY27 Results Hit by Audit Qualifications and Fraud Virtual Global Education reports audit qualifications for the quarter ended 30th Jun'26, citing significant internal control weaknesses. A special audit uncovered a ₹88.18 lakh fraud by the former CFO, which flipped a reported standalone net profit of ₹7.01 lakh into a loss of ₹79.73 lakh after adjustments. Other qualifications include a lack of documentation for ₹532.21 lakh in land advances, ₹214.40 lakh in loans, and ₹637.10 lakh in training expenses, raising concerns over financial reporting reliability and corporate governance.
as per pdf attached
Others (Uncategorized) · 13 Jul 2026, 11:26 pm
Virtual Global Education's Q1 Results Hit by Qualified Auditor Opinion Virtual Global Education reported a consolidated net profit of ₹7.00 lacs for the quarter ended 30 Jun'26, versus a loss of ₹21.48 lacs QoQ. However, the auditor issued a qualified opinion, citing material weaknesses from previously reported fraudulent CFO activities and misappropriation of ₹88.18 lacs. Auditors were also unable to verify the end-use of funds from a warrant issue (₹10.69cr), land advance (₹5.32cr), loans (₹21.44cr), and paid training expenses (₹6.37cr) due to a lack of supporting documents, impacting financial reliability.
AGM to be held on 25.08.2026
Annual General Meeting · 13 Jul 2026, 11:24 pm
Intimation under REg 30
Change in Management · 13 Jul 2026, 11:21 pm
Virtual Global Education Appoints New Company Secretary & Compliance Officer Virtual Global Education Ltd. has appointed Ms. Renu Malik as Company Secretary & Compliance Officer, effective 13th Jul'26. This key managerial personnel change follows the resignation of the previous incumbent. Ms. Malik is an Associate Member of the ICSI and holds degrees in Commerce (B.Com.) and Law (LL.B.). She brings over five years of post-qualification experience in corporate law, secretarial compliance, and governance. There are no disclosed relationships between Ms. Malik and the company's directors.
Financials 30.06.2026
Financial Result · 13 Jul 2026, 11:18 pm
Virtual Global Education's Q1 Results Marred by Qualified Audit Opinion Virtual Global Education reported a standalone Q1'27 PAT of ₹7.01 Lacs versus a loss of ₹21.38 Lacs QoQ. However, auditors issued a qualified opinion, citing material financial irregularities. Key concerns include a ₹88.17 Lacs fund misappropriation by the ex-CFO, unverified use of ₹10.68 Cr from a warrant issue, and unsupported advances for land purchase (₹5.32 Cr) and loans (₹2.14 Cr). The AGM is scheduled for 25th Aug'26, with the record date from 18th Aug'26 to 25th Aug'26.
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations'), we hereby inform that Board of Directors in its meeting ....
Outcome · 13 Jul 2026, 11:16 pm
Virtual Global Education Ltd - Financial Result for the Quarter ended 30th Jun'26 (Consolidated, INR Lacs) ■ Revenue: 26.1 (+33.3% YoY | +70.8% QoQ) ■ EBITDA: 8.5 (+459.2% YoY | Loss to Profit QoQ) ■ EBITDA Margin (%): 32.6 (+2485 bps YoY | Loss to Profit QoQ) ■ PAT: 7.0 (+2700.0% YoY | Loss to Profit QoQ) ■ EPS (INR): 0.00 (Loss to Profit QoQ)
Virtual Global Education Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/07/2026 ,inter alia, to consider and approve Pursuant to Provisions ....
Intimation · 13 Jul 2026, 5:30 am
Virtual Global Education Board Meeting Scheduled for 13th July 2026 Virtual Global Education Ltd. has scheduled a Board of Directors meeting on 13-Jul'26. The primary agenda is to consider and approve the Unaudited Financial Results for the quarter ended 30-Jun'26. Additional matters include approving the notice and Directors' Report for the AGM related to the financial year ended 31-Mar'26. The board will also consider the appointment of a new Company Secretary and Compliance Officer, as well as arrangements for the upcoming AGM, including e-voting logistics.
In reference to our letter dated 27th May, 2026, pursuant to which we have informed about the Outcome of Board Meeting held today Wednesday, 27th May, 2026, there was an inadvertent typographical ....
Outcome · 01 Jun 2026, 5:34 pm
Virtual Global Education Corrects Board Meeting Outcome Details Virtual Global Education issued a correction to its Board Meeting outcome from 27 May'26, clarifying that Mrs. Payal Sharma's appointment date was 27 May'26, not 02 May'26. All other disclosed information remains unchanged. The Board approved Q4 & FY26 results, appointed M/s Chandni Singla & Associates as internal auditors for FY27, and appointed Prem Gupta, Payal Sharma, and Rohan Agarwal to the board. The company's auditors issued a qualified opinion on FY26 financials, citing unresolved CFO fraud and lack of documentation for various transactions.
As per pdf attached.
Others (Uncategorized) · 29 May 2026, 9:45 pm
Virtual Global Education's FY26 Secretarial Audit Reveals Multiple Compliance Lapses Virtual Global Education’s Secretarial Compliance Report for FY26, dated 27th May'26, identified several non-compliances with SEBI (LODR) Regulations. Key issues include failure to conduct board performance evaluations, non-enrollment of Independent Directors in the IICA data bank, and not filing quarterly deviation statements. The company also delayed appointing a CFO beyond the mandated three-month period following a resignation on 01st Sep'25. Additionally, the corporate website remains outdated, lacking necessary disclosures. Management has acknowledged the observations and committed to corrective actions.
as per pdf attached.
Others (Uncategorized) · 28 May 2026, 7:25 pm
Virtual Global Ed: Audit Qualification Reveals Major Financial Irregularities Virtual Global Education reported significant financial adjustments for the year ended 31st Mar'26 due to audit qualifications. The standalone Net Profit was revised from a ₹33.27 lakh loss to a ₹120.00 lakh loss. This was primarily due to an ₹88.18 lakh provision for funds misappropriated by the former CFO. Auditors also raised concerns over unverified transactions, including a ₹5.32 Cr land advance, ₹20.19 Cr in loans, and ₹6.35 Cr in training expenses, all lacking sufficient supporting documentation, resulting in a qualified opinion.
as per pdf attached.
Change in Management · 27 May 2026, 11:21 pm
Virtual Global Education's Auditor Flags Material Irregularities and Financial Weakness in FY26 For FY26, Virtual Global Education reported a net loss of ₹33.84 lacs versus a ₹38.53 lacs loss YoY. Total income fell to ₹58.54 lacs from ₹105.67 lacs. The auditor issued a qualified opinion, highlighting significant issues: misappropriation of ₹88.18 lacs by the ex-CFO, unverified use of ₹10.69 crores from warrant conversion proceeds, and unsupported advances and loans totaling over ₹31.86 crores. The board also approved new director appointments, reconstituted committees, and appointed M/s Chandni Singla & Associates as internal auditors for FY27.